Integrated Device Technology 1Q08 Update
Revenues for the 1st quarter of 2008 were $177.1 million, down by 14% q-o-q. Net loss stood at $17.1 million for the period up from $13.4 million in the previous quarter.
Communications contributed about 39% of the total revenues (the second biggest contribution), an increase of 7% from the last quarter. Computing was the largest contributor of revenues which brought in 41% of the total quarterly revenues.
The company introduced PCIe family of switching solutions for data and control plane interconnect requirements for various higher end communications applications. It also introduced software GUI intended to simplify audio use and management of PC systems including IDT audio codecs. This will help in easy audio management of various applications including VoIP. In the same quarter, IDT also introduced a new family of CPRI based functional interconnect chip (FIC) solutions which will be used for advanced wireless services like mobile video. Besides, it also announced the availability of Route Accelerator which is capable of processing packet header for complex forwarding and routing in enterprise, metro and carrier class switch and router applications.
IDTs network search solution was selected by H3C for current and future networking, wireless and storage products.
IDT saw Dr Ted Tewksbury as the new President and CEO during the quarter who was lately President and COO of AMI Semiconductors.
