IDT Names Dave Neu Vice President of Information Technology

IDT Names Dave Neu Vice President of Information Technology

Business Editors, Technology Writers

SANTA CLARA, Calif.–(BUSINESS WIRE)–Nov. 20, 2000

IDT, Inc. (Nasdaq:IDTI), a leading communications IC provider, today announced it has named Dave Neu vice president of information technology (IT).

In his new position, Neu is responsible for the management and support of the company’s IT organization.

A 10-year veteran of IDT, Neu will oversee maintenance and improvement of existing IT applications, while deploying new applications and technologies to support the company’s needs.

“IDT continues to be a leader in implementing sophisticated, cutting-edge applications, and configuring them for optimum performance to support the company. Together with our vendors, such as SAP and i2 Technology, IDT has developed a systems environment designed to serve the advanced needs of its customers, internal manufacturing, and other key internal organizations,” said Neu. “My top priority is to keep IDT on the cutting edge of IT support, by continuing to strengthen and enhance the company’s comprehensive applications, as well as maintaining our highly accessible IT network and systems infrastructure.”

“Neu has established himself as a leading contributor within the company’s IT department and possesses the vital technical skills required for this position,” said Jerry Taylor, IDT’s chief executive officer. “Neu’s IT experience and illustrated proficiency are the primary elements this organization needs to ensure the company’s IT infrastructure meets and exceeds the demands set by our ever changing and growing communications network.”

About Dave Neu

Since joining IDT in 1990, Neu managed the IT manufacturing support group where he was responsible for the WorkStream application in Salinas, Santa Clara, Penang and Manila. He also managed the development of various applications to enhance the functionality and sustainability of the manufacturing environment. Prior to joining IDT, Neu served as senior applications programmer for LSI Logic, where he was part of a team that implemented the company’s Manufacturing Execution Systems (MES) software.

Neu earned a bachelor of science degree in chemical engineering from the University of California, Berkeley.

About IDT

IDT enhances the global network with semiconductor solutions for communications companies that lead innovation and drive convergence in voice, data and wireless networks. Communications-industry leaders choose IDT for its high-performance products that accelerate time to market and boost bandwidth in the network infrastructure. IDT’s communications memories offer the broadest selection of FIFOs and multi-ports; its communications ASSPs include ATM switches, TSI/TDM switches, high-speed PHYs and embedded processors; and the product mix also incorporates high-performance logic; clock management products; and high-speed SRAMs.

Headquartered in Santa Clara, Calif., the Company employs approximately 4,900 people worldwide and has manufacturing facilities in California, Oregon, the Philippines and Malaysia. IDT stock is traded on the Nasdaq stock market under the symbol “IDTI.” Additional information about IDT is easily accessible at www.idt.com or CD-ROM by calling 800/345-7015. The investor hotline is 408/654-6420.

All other brands or products are the trademarks or registered trademarks of their respective owners. IDT disclaims any proprietary interest in the trademarks of others.

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