Out of the Gate: Foundry Networks shares soar

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By AP
22 July 2008 @ 07:36 pm EST

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FDRY	15.06	0.43
BRCD	3.16	-0.01
CSCO	15.17	0.7

"While demand for Foundry products appear to be ramping, particularly in the U.S., we believe shareholders are better served by accepting the tender offer from Brocade, which significantly exceeds our previous 12-month price target of $14," he said.

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