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Foundry NetworksFoundry NetworksFoundry Networks, Inc. is a networking hardware vendor selling high-end Ethernet switches and routers. The company was founded in 1996 by Bobby R. Johnson, Jr. and is headquartered in Santa Clara, California, USA. In its first year the company operated under the names Perennium Networks and StarRidge Networks, but by January 1997 the name Foundry Networks was adopted. Foundry FastIron II Plus chassis with two fiber management cards and six 16-port gigabit Ethernet cards. Foundry Networks designs, manufactures and sells high-end enterprise and service provider switches and routers, as well as wireless, security, and traffic management solutions. It is best known for its Layer 2 & 3 Ethernet switches. Foundry Networks was the first company to build and ship a gigabit Ethernet switch in 1997; to build a Layer 3 switch, also in 1997; to build the first Layer 4-7 switch in 1998 and to include 10 gigabit Ethernet single connectors in its boxesen.wikipedia.org/wiki/Foundry_Networks liquidatorA liquidator is the officer appointed when a company goes into winding-up or liquidation who has responsibility for collecting in all of the assets of the company and settling all claims against the company before putting the company into dissolution. In most jurisdictions, a liquidator's powers are defined by statute. Certain powers are generally exercisable without the requirement of any approvals; others may require sanction, either by the court, by an extraordinary resolution (in a members' voluntary winding up) or the liquidation committee or a meeting of the company's creditors (in a creditors' voluntary winding-up). The liquidator would normally require sanction to pay creditors and to make compromises or arrangement with creditors. Without sanction (unless it is a compulsory winding-up) the liquidator may carry on legal proceedings and carry on the business of the company so far as may be necessary for a beneficial winding-up. Without sanction, the liquidator may, inter alias, sell company property, claim against insolvent contributories, raise money on the security of company assets, and so all such things as may be necessary for the winding-up and distribution of assets. Wiki liquidator |
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