Uh-Oh for Ditech
California-based Ditech Networks, Inc. seems to have gotten a lump of coal in their holiday stocking, in the way of a little note from the Nasdaq Staff. It seems that Ditech is not in compliance with Marketplace Rule 4310(c)(14) because their Quarterly Report on Form 10-Q for the quarter ended October 31, 2006 had not been filed on time. And because of this, their securities could be delisted from The Nasdaq Global Market.
Ditech has requested a hearing before the Qualifications Panel, but it’s certainly going to be an uphill battle to retain their continued listing.
Ditech Networks, has been in business over 15 years, delivering their VoIP and wireline networks products to over 34 countries on six continents.