SiliconBeat

Lloyd Miller, a current and former investor in several Silicon Valley companies, disclosed Tuesday being the owner of a 5.9 percent stake in yet another: Ditech Communications of Mountain View.

According to a filing with the SEC, Miller will use his recent purchases of Ditech stock to support Read the rest of this entry »

Lamassu Holdings, the Southern California investment firm that first disclosed holding a large chunk of Ditech Networks in December, has since offered to acquire the company outright, according to a filing today with the SEC. Not having gotten a proper respons and “Assuming that (its) offer will be completely ignored or dismissed without a thorough evaluation,” Lamassu intends to nominate two members to Ditech’s board at its next shareholder meeting.

In a letter sent to Ditech’s chief executive and board Feb. 20, Lamassu managing member Timothy Leehealey said he was “writing to express my surprise and disappointment Read the rest of this entry »

Ditech Networks, the Fremont telecom equipment provider that Wall Street values about 40 percent below the amount of cash and short-term investments  on its balance sheet, was asked to consider an offer to buy the company for about $32.8 million, or $1.25 a share, 28 percent higher than the stock’s closing price the day before Read the rest of this entry »

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 »