Out at 30 1/16. eom -- EFNT2

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Date Posted: 07:13:47 06/27/00 Tue
Author: warren
Subject: Out at 30 1/16. eom
In reply to: warren 's message, "In at 29 3/8. eom" on 12:33:28 06/26/00 Mon

> > Monday June 26, 8:59 am Eastern Time
> >
> > Company Press Release
> >
> > Alliance Semiconductor Estimates Higher Than Expected
> > Operating Results
> >
> > SANTA CLARA, Calif.--(BUSINESS WIRE)--June 26,
> > 2000--Alliance Semiconductor Corporation (Nasdaq:ALSC
> > - news) today announced that net sales and earnings
> > for the first fiscal quarter, ending July 1, 2000 are
> > currently expected to be higher than prior
> > expectations.
> >
> > Alliance currently expects to report record first
> > quarter sales of $44 million to $46 million. This
> > would represent a sequential increase of
> approximately
> > 53% - 60% from the fiscal fourth quarter sales of
> > $28.8 million, and a 335%-355% increase from the
> > year-ago fiscal first quarter sales of $10.1 million.
> > Alliance also currently expects to report
> > fully-diluted earnings per share of $0.10 to $0.13
> for
> > the fiscal first quarter based on the results of
> > operations, and excluding gains from sales of
> > marketable securities and other non-operating items.
> >
> > According to N.D. Reddy, President and CEO, ``Booking
> > activity is very strong, with total backlog now
> > exceeding $100 million. The average selling prices
> for
> > SRAMs and DRAMs are higher than in the prior quarter
> > and some product lead times now exceed three
> months.''
> > Mr. Reddy continued, ``Sales for the year may now be
> > expected to exceed $200 million, which would be more
> > than double our sales in fiscal 2000.''
> >
> > Alliance expects to report its fiscal first quarter
> > earnings on July 20, 2000 at the close of market.
> >
> > Company Information
> >
> > Alliance Semiconductor Corporation is a leading
> > worldwide supplier of high performance memory and
> > memory intensive logic products. Alliance's product
> > lines include Static Random Access Memory (SRAM),
> > Dynamic Random Access Memory (DRAM), Flash memory and
> > embedded memory and logic products.
> >
> > Alliance designs, develops and markets its products
> to
> > the desktop and portable computing, networking,
> > telecommunication, instrumentation, and consumer
> > markets. Alliance manufactures its products through
> > independent and joint venture manufacturing
> > facilities, using advanced CMOS process technologies
> > with line widths as narrow as 0.25 microns.
> >
> > The Company, through its venture arm Alliance Venture
> > Management, LLC, invests in three venture funds.
> > Alliance Ventures I, LP focuses on investing in
> > networking and communication start-up companies,
> > Alliance Ventures II, LP focuses on investing in
> > internet start-up ventures, and Alliance Ventures
> III,
> > LP, focuses on emerging companies in the networking
> > and communication market areas.
> >
> > Alliance was founded in 1985. Additional Company
> > information can be found on our home page:
> > http://www.alsc.com

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