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Steve Young Joins Board of Foundry Networks

October 31, 2000|Bloomberg

Steve Young, the former San Francisco 49ers quarterback and a two-time NFL Most Valuable Player, joined the board of Foundry Networks Inc., a maker of computer-network switches that run the Internet. Young, 39, who retired from football in June after suffering four concussions in the prior three years, is chairman of Found Inc., a closely held provider of services and software for managing retail and manufacturing over the Internet. Foundry shares fell $10 to $65.19 today on the Nasdaq Stock Market. The San Jose-based company, whose competitors include Cisco Systems Inc. and Extreme Networks Inc., had third-quarter sales of $113.2 million. Young has previously been named to the boards of Flexpoint Sensor Systems Inc., developer of a sensor mat to keep airbags from deploying in a minor auto accident; HydroMaid International Inc., maker of a garbage disposal powered by water pressure; and Nutraceutical International Corp., a maker of vitamins and other consumer-health products.

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