Item 8.01. Other Events
On December 16, 2008, Foundry Networks, Inc. ("Foundry") issued a press release announcing the completion of the sale of its portfolio of auction rate securities and, based on estimated net proceeds of $38.8 million from the sale, the pricing of its previously announced conditional special dividend payable to Foundry stockholders of record immediately prior to the completion of the merger between Foundry and a wholly owned subsidiary of Brocade Communications Systems, Inc. at approximately $0.249 per share of Foundry common stock. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.

Exhibit No. Description 99.1 Press Release dated December 16, 2008.

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