SANTA CLARA, Calif., Oct. 24, 2007 (PRIME NEWSWIRE) -- Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, today announced Forbes, a leading national business publication, listed the company in the top 100 of their 2007 America's 200 Best Small Companies. Foundry returns for the third time to this respected list and is the only networking vendor among the 200 businesses chosen through Forbes' rigorous and stringent selection process that looked at leading companies with revenue of up to $750 million for inclusion.
Forbes' annual list of America's Best Small Companies is an important look at small businesses in America, which employ about half of all private sector employees, pay more than 45% of this country's private payroll, and have generated between 60 and 80 percent of net new jobs, annually, over the last ten years. Forbes ranks companies for the list according to return on equity, as well as sustained sales and net profit growth over 12-month and five-year periods. To be included, a company's sales must fall between $5 million and $750 million, with a share price above $5 as of Oct. 1, 2007. In addition, too much debt, signs of a future downturn or potential or current legal troubles are all disqualifiers.
"We are pleased to return to Forbes' prestigious and rigorous annual list of America's Best Small Companies as the only networking hardware and solutions provider selected," said Bobby Johnson, president and CEO for Foundry Networks. "Recognition by an undisputed leader in business journalism validates the success and importance of our unwavering commitment to providing industry-leading networking infrastructure and solutions worldwide."
For more information about Forbes' America's 200 Best Small Companies, please visit www.forbes.com.
About Foundry Networks
Foundry Networks, Inc. (Nasdaq:FDRY) is a leading provider of high-performance enterprise and service provider switching, routing, security and Web traffic management solutions, including Layer 2/3 LAN switches, Layer 3 Backbone switches, Layer 4-7 application switches, wireless LAN and access points, metro and core routers. Foundry's customers include the world's premier ISPs, metro service providers, and enterprises, including e-commerce sites, universities, entertainment, health and wellness, government, financial and manufacturing companies. For more information about the company and its products, call 1.888.TURBOLAN or visit www.foundrynet.com.
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