Oliva
to Lead the Promotion of Industry Awareness, Acceptance, and
Advancement of Existing Technology and Emerging Ethernet Standards

SANTA CLARA, Calif. and MOUNTAIN VIEW, Calif. – (March 3, 2008) –
Foundry Networks®, Inc. (NASDAQ: FDRY), a performance and total
solutions leader for end-to-end switching and routing, today announced
Val Oliva, director of product management for Foundry Networks’
Enterprise Business Unit, was elected president for the Ethernet
Alliance organization. Previously the Ethernet Alliance’s board
secretary, Oliva remains on the board while he takes on this new
position. He also continues to lead the alliance’s committee for Power
over Ethernet (PoE) and Power over Ethernet Plus (PoE Plus).

The Ethernet Alliance is a consortium of system and component vendors,
industry experts, and university and government professionals who are
committed to the continued success and expansion of Ethernet
technology. The consortium’s mission is to promote industry awareness,
acceptance, and advancement of technology and products based on both
existing and emerging IEEE 802 Ethernet standards and their management.
As a founding member of the Alliance, Foundry Networks plays a key role
in promoting the acceptance and reducing the time-to-market of
Ethernet-based solutions by supporting the advancement of existing and
emerging Ethernet technologies.

In addition to governance responsibilities in the Ethernet Alliance,
Oliva chairs the PoE/PoE Plus Committee. The PoE/PoE Plus Committee
focuses on educating enterprise customers about Power over Ethernet,
the 802.3af standard and the upcoming PoE Plus standard called 802.3at.
Underlining the significance of the technology, the Dell’Oro Group
predicts that the PoE port count is expected to grow from 45 million
ports in 2007 to 145 million ports in 2011.

“It’s an honor and a humbling experience to be elected as president of
the Ethernet Alliance,” said Val Oliva, director of product management
for Foundry Networks. “Foundry, one of the leaders in advanced Ethernet
networking solutions, believes in leading the continued development,
education and acceptance of Ethernet standards. Through the alliance’s
continued efforts with other leading vendors in the industry, we will
continue to advance the inherent benefits Ethernet provides enterprises
and service providers alike.”

“Val Oliva is a key member who influences the direction of the Ethernet
Alliance and is a solid supporter of our strategic goals,” said Brad
Booth, chairman for the Ethernet Alliance. “We are honored to have Val
Oliva as our new president and look forward to his continued leadership
in the organization.”

About Ethernet Alliance

The Ethernet Alliance is dedicated to promoting industry awareness,
acceptance, and advancement of technology and products based on
existing and emerging IEEE 802 Ethernet standards. The organization’s
mission is to accelerate industry adoption and remove barriers to
market entry by providing a cohesive, market-responsive industry voice
on IEEE 802 Ethernet projects. For more information about the Ethernet
Alliance, visit www.ethernetalliance.org.

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.

Safe Harbor Statement

The foregoing may contain "forward-looking statements" which are based
on management’s current information and beliefs as well as on a number
of assumptions concerning future events made by management. These
forward-looking statements include, without limitation, press release
content or statements by executives or the Dell’Oro Group’s prediction
of PoE port growth. The forward-looking statements in this press
release are only predictions and are subject to a number of risks and
uncertainties, which could cause actual results to differ materially.
Foundry assumes no obligation to update the forward-looking statements
contained in this press release. Furthermore, no statements made by
Foundry Networks, Inc. ("Foundry") in this press release, or
information contained herein, may be deemed to constitute either an
amendment of an existing agreement or an implied new commitment,
promise or legal obligation by Foundry to develop or deliver any
specific product, feature or functionality.

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