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Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

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To: DJBEINO who wrote (3657)	7/21/1998 4:38:00 PM
From: DJBEINO	Read Replies (1) of 9582

ALSC instituted a restructuring plan (summary)-very good news: 1-including a departure from its graphics accelerator product line 2-workforce reduction of approximately 45 positions, or 30% of the Company's domestic workforce 3-In the quarter, SRAMs accounted for 58% of revenues and DRAMs 41%. 4-visibility is expected to remain limited throughout the second half of this calendar year 5-The Company currently expects resumed growth in the third fiscal quarter of 1999 (DEC 1998) 6-new product introductions in all memory product lines, the migration to more cost effective technologies and the introduction of embedded memory and logic based products for the networking market." , 7-in June 1998, the District Court entered judgment dismissing the securities class action lawsuit that had been lodged against the Company in 1996 8-a default judgment might soon be entered against the Company in Canada, in the amount of approximately US$170 million. that the Canadian court lacks jurisdiction over the Company in this matter,"

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