Foundry Networks, Incorporated (FDRY)

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Foundry Networks initiated with "buy" - update
05/08/08 - Wedbush Morgan Securities

NEW YORK, May 8 (newratings.com) - Analysts at Wedbush Morgan initiate coverage of Foundry Networks (FDRY) with a "buy" rating. The 12-month target price is set to $15.

In a research note published this morning, the analysts mention that the company has significant potential to expand its market share in the core businesses. Foundry Networks is poised to return to growth, benefiting from its recently refreshed and diversified product portfolio, the analysts say. The company is well positioned to withstand a weak economy and sustain/expand its share going forward, Wedbush Morgan adds.

http://www.newratings.com/en/main/company_headline.m?id=1743400

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Foundry Networks honored with 2008 'Best of Interop' Green Award
Posted on
Monday, 5 May 2008


Press Release Content


Foundry selected as being most green from more than 200 submissions.


Foundry Networks®, Inc. (NASDAQ: FDRY), a performance and total solutions leader for end-to-end switching and routing, announced it has been selected by InformationWeek, the leading multimedia business technology brand, and Interop, the leading global business technology event series, for the ‘Best of Interop' Green Award.

Selected from more than 200 submissions in all Best of Interop categories, Foundry Networks was singled out for its ability to deliver industry-leading performance while minimizing power, space and cooling consumption in its switching, routing and application delivery controller (ADC) product set and solutions.

Foundry'sTM networking solutions address these critical green issues head-on by delivering highly dense, scalable and power efficient solutions to enable greater flexibility and capabilities for organizations worldwide.

As the winner of the 2008 Best of Interop Green Award, Foundry was hand-selected by InformationWeek's panel of expert judges. Each year, Best of Interop winners prove to be the key players in the continuing evolution of business technology.

The Best of Interop Awards are designed to help IT and network managers shorten the evaluation process in assessing new technology products. By identifying innovative products debuted at Interop, the Best of Interop Awards assist in the search for creative solutions.

"The 2008 winner of the Best of Interop Green Award, Foundry Networks, has adopted an eco-friendly approach to their products," said Art Wittmann, editor for InformationWeek. "We congratulate Foundry Networks for leading the way in green computing."

Attention to green initiatives in the networking space are extremely important to IT managers, not only to be more ecologically sound, but also to significantly lower ongoing operating costs and to create highly dense and powerful switching and routing systems to enable efficient business growth.

Organizations are running out of physical space, networking capacity and power due to dramatic business-critical application growth, many of these applications require robust disaster recovery technologies as safeguards, and the new server technologies deployed to meet application growth require more than current data center infrastructures can deliver.

As part of Foundry's ongoing efforts to advance the greener, next-generation data center, the new interface modules for the BigIron® RX Series switches and the NetIron® MLX Series routers will deliver the industry's highest 10 gigabit Ethernet (10GbE) and gigabit Ethernet (GbE) density of up to 512 ports of 10GbE and 1536 ports of GbE in a single system while also dramatically reducing power per actual gigabit of performance.

The BigIron 16-port 10GbE SFP+ module (RX-BI16XG), and NetIron MLX 48-port GbE MRJ21 module (NI-MLX-1Gx48-T) deliver exceptional flexibility and scalability for advanced data centers and high-performance computing (HPC) applications1. With these new high-density interface modules, the BigIron RX Series switches and NetIron MLX Series routers now deliver more than twice the 10GbE and GbE density of their nearest competitors.

Organizations can be confident that data center expansion and HPC growth will be manageable and environmentally friendly through Foundry's industry-leading routers and switches and intelligent best-of-breed networking solutions.

"We are honored to take home the Best of Interop Green Award," said Bobby Johnson, president and chief executive officer for Foundry Networks. "Our focus on engineering leadership has allowed Foundry to create powerful high-performance networks with increased density and energy efficient attributes that enable businesses to grow effectively within the capital constraints and environmental issues facing enterprises and service providers today. With more than 200 other submissions to select from, receiving the Best of Interop Green Award is a testament to Foundry's ongoing focus on innovation and edge-to-core solutions."

http://www.arabianbusiness.com/press_releases/detail/17804