Beyond its three pillars, IDT is venturing into two new areas -- power management IC (PMIC) and wireless charging ICs. While modestly noting that "We haven't proven ourself yet" in these two segments, McCreary made clear that the company intends the two new product lines to become important growth engines for IDT.
Arman Naghavi, hired in 2010 by Tewksbury to head up IDT's analog operation, was given a free hand in selecting and hiring industry talent to build his own analog and power team.
Naghavi's team has developed a PMIC SoC, by building essentially "a subsystem around the processor" capable of handling everything from control to analog and digital signals. In a world already full of PMIC suppliers such as Linear, Maxim, TI, and Intersil, all offering component-level PMIC products, IDT developed a unique PMIC solution, whose programmable and multi-channel PMIC can reportedly support the varying power management requirements of a variety of Intel Atom processor-based SoCs.
By leveraging IDT's scalable and distributed power sources, the new PMIC enables system designers to add phases and output current to the internal DC/DC regulator as needed by the application, according to the company. IDT's PMIC was validated and selected by Intel, and it currently sits next to Intel's Bay Trail Atom processor on Intel's reference board, said Naghavi.
Arman Naghavi, IDT's vice president and division general manager, responsible for analog and power division
Similarly, Naghavi's team also came up with single-chip, dual-mode, wireless charging devices. Nobody else in the industry has yet developed such a flexible and highly integrated chip for the emerging wireless charging market, according to the company. IDT believes the wireless power market is waiting to explode.
McCreary, however, noted that he is very mindful of the trap of "oh-my-god-growth." The large total available market is "over-rated," and "it can take you to a lot of bad places," he said. Nonetheless, both PMIC and wireless charging devices have potential to turn IDT into a "consistently profitable" company.
While Tewksbury planted many of the seeds of IDT's future growth, it falls onto McCreary's shoulders to get to know his teams at IDT fast, make the decisions to further focus the company's business and execute on those choices.
McCreary made one decision quickly. On October 2, IDT announced a plan to reduce its workforce by about 5 percent, or 90 employees, by the end of the fourth quarter of fiscal 2014.
IDT's stock prices over the last 12 months