Business IDT focussing on financials
2013/10/18
IDT CEO Jeff McCreary
The new CEO at IDT is looking to improve financial performance. Jeff McCreary took over from Ted Tewksbury in August.
The hugely respected Tewksbury had initiated a turnaround at IDT, putting the company into new product programmes aimed at taking IDT further into the mobile internet, cloud computing and connectivity.
“Ted did a great job in injecting some new DNA into this company,” says McCreary, “but were were spending a lot on R&D and not delivering great results and the company was vulnerable because the stock value was low.”
“The board thought we were vulnerable and had got distracted chasing new product ideas and were not delivering great financial results,” says McCreary, adding, “IDT has divested itself of some businesses that were OK but needed money to develop.”
In December 2011, Tewksbury told EW: “The biggest challenge is explaining to Wall Street, getting the analysts to understand that it does take time to turn around a company. Basically, in the semiconductor industry it takes about 3 to 5 years from the time that you define a product to the time you develop it, get it designed into customer systems, get it qualified, get it ramped up into early revenue, and then get it to peak revenue. Analysts and investors typically have a short attention span, so that’s the biggest challenge. Right now, we’re about 3 years into this 5-year turnaround. So, with that timeline constantly in mind, the next couple of years are going to be the most fruitful for the company in terms of revenue growth.”
The investors couldn’t wait.
Welcome to SUV System Ltd!
SUV System Ltd is ISO 90012008 Certified electronics distributor with 10 years of experiences.
We have built up long term business relationship with about many companies which are stockers and authorized agents. we have a steady and reliable supply to meet customer's demands to the greatest extent .Confidently, we are able to lower your cost and support your business with our years of professional service.
SUV System Ltd is Electronic Components Distributor Supplies,Find Quality Electronic Components Supplies Products IC(Integrated Circuits),Connectors,Capacitor,Resistors,Diodes,Transistors,LED at Suvsystem.com. Sourcing Other Energy, Environment, Excess Inventory Products from Manufacturers and Suppliers at Suvsystem.com
Electronic Components distributor:http://www.suvsystem.com
Connectors Distributor:http://www.suvsystem.com/l/Connectors-1.html
IC Distributor:http://www.suvsystem.com/l/IC(Integrated-Circuits)-1.html
LED Distributor:http://www.suvsystem.com/l/LED-1.html
Capacitor Distributor:http://www.suvsystem.com/l/Capacitor-1.html
Transistor Distributor:http://www.suvsystem.com/l/Transistors-1.html
Resistor Distributor:http://www.suvsystem.com/l/Resistors-1.html
Diode Distributor:http://www.suvsystem.com/l/Diodes-1.html
SUV System Ltd insists on the managing faith ofsincereness,speciality,foresight, win-win,so we build up stable-relationship customers located all over the world, including the States, Europe, Argentina, UAE, Malaysia, Australia,and India etc
we are focus on the following fields,and hope we can help you.
ALTERA IC chip Filter saws ST Transistors High Precision Resistors ST Diodes AD IC Industrial IC Fairchild Semiconductor Transistors Electronic News LITTELFUSE Diodes Connectors BB IC IDT IC NXP Diodes INFLNEON Diodes ROHM Resistors Ligitek LED Dialight LED Military IC NEC Transistors PANASONIC INTERSIL IC LED part TOSHIBA Diodes Schottky Diodes Capacitor Freescale Semiconductor Discrete Semiconductor Transistors Resistor Arrays Xilinx IC Infineon Technologies Transistors TI IC FAIRCHILD diodes Zener Diodes AVX Resistors Voltage Regulators Transistors NEC Diodes Civil IC Other Parts Transistors Freescale
http://www.suvsystem.com/a/6707.aspx
