Foundry Networks Sees Growth in Q1 Results

Based on preliminary data, Foundry Networks expects net revenue for the quarter ended 31-March-2003 to be in the range of $89.0 million to $91.0 million, compared to $86.7 million for the previous quarter. The company also expects earnings per share for the first quarter will be in the range of $0.09 to $0.11. The company noted a book-to-bill ratio greater than 1.0 for the quarter and reported significant strength in federal government sales. Full results are expected 23-April-2003.
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