Design Con 2015
Breaking News
Comments
Newest First | Oldest First | Threaded View
Page 1 / 4   >   >>
goafrit
User Rank
Manager
Re: What the transition means
goafrit   11/4/2013 12:19:54 PM
NO RATINGS
>> <The new CEO at IDT is looking to improve financial performance. Jeff McCreary took over from Ted Tewksbury in August.

Wish him good luck of course. Yet. my point remains that if you have a really good guy and put him in a really bad sector/business, most times the latter wins. Ask the Apple VP that moved to JC Penney and then out. Our industry is simply not a place you can come and play 4 quaters of magic,  the supply chain is complicated. The cars that will be branded as 2015 have all the parts in Ford, Toyota, etc now. So, even if you come now, you have 3 years lead time for compete for new supplies.

On Ping
User Rank
Rookie
Re: What the transition means
On Ping   10/22/2013 10:02:43 PM
NO RATINGS
http://www.electronicsweekly.com/mannerisms/dilemmas/bottom-line-for-new-idt-ceo-2013-10/      

Mannerisms <<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.>>

gantar
User Rank
Rookie
Re: It's all about the stock price
gantar   10/22/2013 3:12:05 PM
NO RATINGS
@adamrowski <<McCreary should thank his lucky star that he lucked into this strong CEO who built him a great company, now all he has to do is sit back, enjoy his life and take credit for all the good things to come for which he has done nothing to deserve.>>        

McCreary is thanking Dr. Ted by trashing him in public. 

This is the difference between tech guys and imposters. Tech guys get there by working hard and being brilliant. 

Imposters try to get there by blowing hot air and glad handing everyone.  Of course McCreary is enjoying his live, he doesn't have to work hard, it's all done for him, least he could do is show some gratitude.

gantar
User Rank
Rookie
Re: It's all about the stock price
gantar   10/22/2013 2:59:12 PM
NO RATINGS
@isagosen<< IDT's board engineered Dr. T's resignation? McCreary is part of the IDT board; the interim CEO voted out Dr. T so he can have a chance to become pernamnent CEO?  And what qualifies this guy to be CEO? >>

Quite reprehensible.  I hope the permanent CEO is  beter than this guy.  IDT has been around for more than 30 years, few tech companies can boast that these days, it deserves to be led by someone who's not a self-serving back stabber.

luckstar
User Rank
Rookie
Re: It's all about the stock price
luckstar   10/21/2013 4:55:09 PM
NO RATINGS
This is horrorible news, IDT was in everyone's peripheral vision as an industry bright spot, a little pocket of happiness where excellence reigns, now it is in serious trouble.  What is happening to our industry?

heyen
User Rank
Rookie
Re: It's all about the stock price
heyen   10/20/2013 7:59:16 PM
NO RATINGS
<<a "noisy" shareholder unhappy with IDT's "cheap stocks.">>

A noisy shareholder?   McCreary means the noisy Starboard Value for whom he carries water.   Cheap stocks?    Last year the stock was at $5, this year it trades at $9-10.   Apparently growing the stock 200% is not good enough for this noisy shareholder.  Let's see how high McCreary can push the stock.  

Ka Yee
User Rank
Rookie
Re: What the transition means
Ka Yee   10/20/2013 1:29:20 PM
NO RATINGS
This person lacks the grace and discipline to be a gentleman.  Will such a person be a good leader?  The answer is in his answer to questions.

HouseHoldName
User Rank
Rookie
Re: What the transition means
HouseHoldName   10/19/2013 4:02:32 PM
NO RATINGS
McCreary showed very bad form.  Instead of introducing his vision for a new IDT,he had little to say but for badmouthing the former CEO.  If he's not ready to talk about what he will bring to the table, why do the interview?  Sounds like he's given much more thought to trashing the former CEO than growing IDT.

adamrowski
User Rank
Rookie
Re: What the transition means
adamrowski   10/18/2013 4:40:53 PM
NO RATINGS
<<key seeds>> that Dr. Ted planted.

Not sure how someone could dismiss an overstuffed pipeline of unending new 'World's Best' and 'World's First' high-margin products; market leadership in dozens of markets NEW to IDT; breathrough Timing solutions; a world-class company culture and bus loads of world-class engineers as  "a few key seeds" planted by the former CEO. 

That is like saying Steve Jobs and Bill gates planted a few key seeds for computing. 

This is a fluff marketing piece for the lucky McCreary who will be able to have a party everyday at work, walking around, visiting every employee and 'cheering' them on because all the diffcult hard work, all the work that really matters in turning around IDT and keeping it on track for the next decade has been done by Ted Tewksbury. 

McCreary should thank his lucky star that he lucked into this strong CEO who built him a great company, now all he has to do is sit back, enjoy his life and take credit for all the good things to come for which he has done nothing to deserve.

garyaz
User Rank
Rookie
Re: It's all about the stock price
garyaz   10/18/2013 3:59:18 PM
NO RATINGS
The thing that you defined 'definite' might not very true. It depends.

Page 1 / 4   >   >>


Top Comments of the Week
Flash Poll
Like Us on Facebook

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)
EE Life
Frankenstein's Fix, Teardowns, Sideshows, Design Contests, Reader Content & More
<b><a href=Betajet">

The Circle – The Future's Imperfect in the Present Tense
Betajet
5 comments
The Circle, a satirical, dystopian novel published in 2013 by San Francisco-based writer Dave Eggers, is about a large, very powerful technology company that combines aspects of Google, ...

Max Maxfield

Recommended Reads From the Engineer's Bookshelf
Max Maxfield
25 comments
I'm not sure if I read more than most folks or not, but I do I know that I spend quite a lot of time reading. I hate to be idle, so I always have a book or two somewhere about my person -- ...

Martin Rowe

Make This Engineering Museum a Reality
Martin Rowe
Post a comment
Vincent Valentine is a man on a mission. He wants to make the first house to ever have a telephone into a telephone museum. Without help, it may not happen.

Rich Quinnell

Making the Grade in Industrial Design
Rich Quinnell
16 comments
As every developer knows, there are the paper specifications for a product design, and then there are the real requirements. The paper specs are dry, bland, and rigidly numeric, making ...

Special Video Section
The LT8640 is a 42V, 5A synchronous step-down regulator ...
The LTC2000 high-speed DAC has low noise and excellent ...
How do you protect the load and ensure output continues to ...
General-purpose DACs have applications in instrumentation, ...
Linear Technology demonstrates its latest measurement ...
10:29
Demos from Maxim Integrated at Electronica 2014 show ...
Bosch CEO Stefan Finkbeiner shows off latest combo and ...
STMicroelectronics demoed this simple gesture control ...
Keysight shows you what signals lurk in real-time at 510MHz ...
TE Connectivity's clear-plastic, full-size model car shows ...
Why culture makes Linear Tech a winner.
Recently formed Architects of Modern Power consortium ...
Specially modified Corvette C7 Stingray responds to ex Indy ...
Avago’s ACPL-K30T is the first solid-state driver qualified ...
NXP launches its line of multi-gate, multifunction, ...
Doug Bailey, VP of marketing at Power Integrations, gives a ...
See how to ease software bring-up with DesignWare IP ...
DesignWare IP Prototyping Kits enable fast software ...
This video explores the LT3086, a new member of our LDO+ ...
In today’s modern electronic systems, the need for power ...