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F5 Networks, Inc. Message Board

  • radicaltan radicaltan Oct 13, 1999 10:24 PM Flag

    HERE IT IS.......

    Tuesday October 5, 7:26 am Eastern
    Time

    Foundry Networks sees strong Q3
    revenues

    SUNNYVALE, Calif., Oct 5 (Reuters) - Computer networking
    firm Foundry Networks Inc. on
    Tuesday said it
    expects third-quarter revenues of $36 million to $38
    million, topping its internal
    forecasts.

    The
    Sunnyvale, Calif., firm, which made its Nasdaq debut on
    Sept. 28, expects the
    better-than-expected revenues
    to buoy its profits. It did not disclose any
    earnings per share guidance.

    Foundry, which makes
    low-cost switches and routers for computer networks,
    turned a profit of $3.3 million on revenue of
    $39.5
    million for the six months ended June 30.

    Shares
    of Foundry closed Monday at 135-3/4, up 8-5/16, on
    the Nasdaq.

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