ALLIANCE SEMICONDUCTOR 3RD-QUARTER OPERATING NET BEAT CALL
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NEW YORK -(Dow Jones)- Alliance Semiconductor Corp. late Wednesday reported third-quarter operating results that exceeded Wall Street expectations, but the San Jose, Calif., firm cautioned that because of pricing pressures, it lowered its DRAM production and continues to watch its product mix.
The following summary compares the latest and previous-year figures for the quarters ended Dec. 31:
1997 1996
Revenue $24,768,000 $25,224,000
Net income a (2,373,000) (1,338,000)
Average Shares 39,439,000 38,513,000
Net income/share a (.06) (.03)
Figures in parentheses are losses.
a. Includes a pretax charge of $6 million to adjust the valuation of its older inventories in each product line and reflect DRAM price declines.
Analysts surveyed by First Call had a mean estimate for a third-quarter loss of 2 cents a share.
Alliance Semiconductor (ALSC) continued to be hurt by severe price pressure on most DRAM products in the latest quarter. However, aggregate revenue from its other product lines improved modestly from the second quarter. The company believes its customers are being cautious about their inventory levels. DRAM chips serve as the main memory in personal computers and store programs and data while the power is turned on.
January 14, 1998 10:15 PM
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