Tuesday October 5, 7:26 am EasternTimeFoundry Networks sees strong Q3revenuesSUNNYVALE, Calif., Oct 5 (Reuters) - Computer networkingfirm Foundry Networks Inc. onTuesday said itexpects third-quarter revenues of $36 million to $38million, topping its internalforecasts.TheSunnyvale, Calif., firm, which made its Nasdaq debut onSept. 28, expects thebetter-than-expected revenuesto buoy its profits. It did not disclose anyearnings per share guidance.Foundry, which makeslow-cost switches and routers for computer networks,turned a profit of $3.3 million on revenue of$39.5million for the six months ended June 30.Sharesof Foundry closed Monday at 135-3/4, up 8-5/16, onthe Nasdaq.
Revenues for this quarter wont exceed previous six months but sure are close.
Q4 Earnings Release Date October 26, 1999and 2 days after. Hambrecht & QuistCommunications Symposium October 28 - Laguna Niguel, CA.sure it will be choppy with this market conditions butwatch some surprises- GROTHHHHHagain good luckto all