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Foundry Stock Slides on Q1 Results: Page 2 of 3

But it wasn’t all doom and gloom. Foundry continues to be a strong player in the federal government space, which accounted for nearly a third of the company’s Q1 revenues. Key wins came from the US Army and US Navy.

The company is also planning to build on its recent product announcements in the Layer 4-7 switch space. Foundry CEO Bobby Johnson says, “We will shortly have more product announcements in the 10 Gigabit Ethernet arena with a specific focus on decreasing the price per port.”

Foundry will also be announcing 10-Gigabit Ethernet and Gigabit Ethernet interfaces for its Terathon offering this quarter, according to Johnson. These will be capable of full wire speed IPv6 at 480 million packets per second.

And, tantalizingly, there is more to come at the forthcoming NetWorld + Interop. conference in Las Vegas. Johnson says, “We expect that we will have new announcements not yet covered on this conference call that will involve strengthening our overall product portfolio and strengthening our security appliance offerings.”

— James Rogers, Site Editor, Next-gen Data Center Forum