News release

Foundry Networks and HP Offer North American Service Providers Bundled Network Usage Management Solution

Solution Includes Foundry's Switches and Routers, HP Internet Usage Manager Software, HP Hardware and Integration Services from HP Consulting

San Jose, CA and Palo Alto, CA (October 1, 2001)

Foundry Networks®, Inc. (NASDAQ: FDRY), and Hewlett-Packard Company (NYSE: HWP) today announced a bundled solution for network usage management and accounting for service providers and carriers. The comprehensive solution provides for non-intrusive usage data collection and includes the hardware, software, and services necessary to track and analyze network usage for increased profitability.

The bundle gives services providers a pre-integrated, high-performance network usage management solution for rapid deployment that is designed to be added to existing infrastructure without impacting network performance. Customer analysis and usage-based billing are readily supported.

"As a leader in metropolitan area networking, we are committed to forming the technology relationships to deliver the best-of-breed solutions our customers require," said Ken Cheng, vice president of marketing for Foundry Networks. "HP Internet Usage Manager software provides our customers with the scalability and functionality they need to support new business models based on real-time accounting and billing."

Foundry and HP worked closely to ensure that the Foundry hardware and HP IUM software interfaces operate seamlessly and also to verify performance when loaded by tens of thousands of flows per second.

"Foundry provides the speed and functionality needed to enable world class usage-based billing services," said Vikash Varma, general manager, HP IUM. "We are pleased to work with Foundry to build next-generation networks for service providers and carriers throughout the world."

The bundled offering will be available in North America through a 120-day program and includes HP IUM mediation software, Foundry's Velocity Management I (VM1) module for the BigIron® Layer 3 switches or Foundry's Network Processing Architecture (NPA) interface modules for the NetIron Internet Routers, selected HP servers, and deployment services from HP Consulting. In addition, an introductory license for the new HP Dynamic Netvalue Analyzer solution for real-time business intelligence is included. The bundle is available now through HP and Foundry's direct sales forces.

ABOUT THE HP IUM AND HP DNA SOLUTIONS

HP Internet Usage Manager 3.1 is the industry's premier, comprehensive usage mediation and management platform for wireline and wireless data and is a key part of HP's portfolio of end-to-end Internet-critical software and services. HP IUM allows a company to implement usage-based billing systems, manage capacity and analyze subscribers' needs and behavior to develop strategic marketing programs and profitable value added services. HP IUM is also a component of HP's Integrated Service Management Solutions (ISM), that will help optimize the customers experience and automate critical operations. More information about HP Internet Usage Manager 3.1 solutions is available at: http://www.hp.com/communications/usage/.

Dynamic Netvalue Analyzer (DNA) is a real-time business intelligence and decision support solution for service providers focused on profitability. Blending streaming analysis of live usage data with interactive financial modeling, DNA supports fast decisions about competitive response, customer/service lifecycle management, new revenue paradigms and much more. Closely integrated with and built upon HP IUM, DNA makes the link from mediation to business profitability.

ABOUT HP

Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services -- is focused on making technology and its benefits accessible to all. HP had total revenue from continuing operations of $48.8 billion in its 2000 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com.

ABOUT FOUNDRY NETWORKS

Foundry Networks, Inc. (NASDAQ: FDRY) is a performance and total solutions leader for end-to-end switching and routing including Internet routers, Layer 2/3 LAN switches, and Layer 4-7 Internet traffic and content delivery switches. Foundry's 3,750+ customers include the world's premier ISPs and enterprises, portals, search engines, e-commerce sites, universities, entertainment, pharmaceutical, government, financial, and manufacturing companies. Some of these customers include: AOL (NYSE: AOL), EarthLink, AT&T WorldNet, MSN, Verio, Cable & Wireless (NYSE: CWP), Yahoo! (NASDAQ: YHOO), Incyte Genomics, Inc. (NASDAQ: INCY), The University of Washington, University of Miami, LucasFilm, U.S. Army, Air Force and Navy, NASA and NIH. For more information about the company and its products, call 1.888.TURBO.LAN or visit www.foundrynetworks.com.

Foundry Networks and BigIron are registered trademarks of Foundry Networks, Inc.