1999 annual report high performance networking products foundry networks inc nasdaqt fdry is a leading provider of very cost effective strategic end to switching solutions for enterprises and internet service providers isps delivers that include routers traffic management layer 4 7 switches 2 3 gigabit ethernet as april 2000 had worldwide customer base approximately customers on september 28 we successfully raised gross proceeds 143 8 million from our ipo achieved 525 stock gain the first day trading company profile iron clad network solution 100 mbps wiring closet bigiron chassis data center remote location packet over sonet integrated netiron serveriron isp backbone aggregation cyber cages web farms colo e commerceenterprise campus or man up 150 km period may 22 1996 inception year ended december 31 1997 1998 in thousands except per share statement operations revenue net
