SiliconBeat

Lamassu Holdings, an investment firm located in the Southern California municipal entity known as Newport Coast, revealed in a filing today that it spent $1.8 million to acquire a 9.8 percent stake in Ditech Networks, the Mountain View maker of equipment used to enhance voice quality and cancel echo in phone calls.

Lamasu’s holdings of Ditech were reported on a Form SC 13D, the kind of filing made by investors that own up to wanting to take a more active role in the company’s future, and appears to be the first Read the rest of this entry »

Ditech Networks, the Mountain View maker of equipment used to enhance voice quality and cancel echo in phone calls, “undertook a reduction in force” as it tried to “further reduce its operating expenses”, the company revealed Monday when it filed financial results for its fiscal 2009 first quarter.

The company provided no details about how many workers were let go, but in early August Read the rest of this entry »