Foundry Networks had their initial public offering in 1999, during the Internet bubble, with the company reaching a valuation of $9 billion on its first day of trading on NASDAQ with the symbol FDRY.

[1] Foundry Networks designed, manufactured and sold high-end enterprise and service provider switches and routers, as well as wireless, security, and traffic management solutions.

Foundry Networks' later product lines consisted of the BigIron, EdgeIron, FastIron, IronPoint, NetIron, SecureIron, and ServerIron.

[4] On November 7, they agreed to a reduced purchase price of roughly $2.6 billion in an all-cash transaction when Brocade was unable to come up with a $400M tranche of financing required to complete the original deal.

[8] TJ Grewal, Jody Kirk, and Alex Lam were the deal leads on the Brocade team.