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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: nasdaqian who wrote (7186)	3/28/2000 11:37:00 AM
From: DJBEINO	Respond to of 9582

Vitesse Semiconductor Announces Plan to Acquire Orologic Corporation for $450 Million; Alliance Semiconductor to Receive Approximately 852,000 Shares of Vitesse SANTA CLARA, Calif., Mar 28, 2000 (BUSINESS WIRE) -- In a press release dated March 27, 2000, Vitesse Semiconductor Corporation ("Vitesse" - NASDAQ: VTSS), a world leader in the design, development, manufacturing and marketing of high bandwidth communications integrated circuits for next generation DWDM and optical networking markets, announced that it agreed to acquire Orologic Corporation ("Orologic"), in a transaction estimated to be worth $450 million in Vitesse common stock. The transaction is expected to be completed before the end of April. Orologic Corporation, based in Morrisville, North Carolina was founded in October 1997 as a fabless semiconductor company that develops high performance system on a chip solutions that enable data packet processing at OC-48 and OC-192 rates. In connection with the proposed merger, Alliance Semiconductor Corporation ("Alliance" - NASDAQ: ALSC), through it's new venture arm, Alliance Venture Management, LLC, will receive approximately 852,000 shares of Vitesse for its equity interest in Orologic. Upon the completion of the merger, Alliance will report a gain based on the closing share price of Vitesse on the date of the merger. Based on the closing share price of Vitesse on March 27, 2000, the estimated pretax gain from this transaction would be approximately $ 68 million. 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 and software 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: alsc.com. ++++++++++++++++++= Alert: Vitesse Says Alliance Semi to Get 852,000 Vitesse Shares in Deal (NasdaqNM:ALSC, NasdaqNM:VTSS) 852kX104=$88,608,000

To: nasdaqian who wrote (7186)	3/28/2000 11:59:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

Alliance sees gain from Vitesse/Orologic deal SANTA CLARA, Calif, March 28 (Reuters) - Alliance Semiconductor Corp. (NasdaqNM:ALSC - news) said on Tuesday it will report a pre-tax gain of about $68 million upon completion of Vitesse Semiconductor Corp.'s (NasdaqNM:VTSS - news) acquisition of Orologic Corp. In connection with the proposed $450 million stock deal, Alliance, through its new venture arm, Alliance Venture Management LLC, would get about 852,000 shares of Vitesse for its equity interest in Orologic, the company said. The deal is expected to close before the end of April. Orologic, based in Morrisville, North Carolina, was founded in October 1997 as a fabless semiconductor company. Alliance said it would report a gain based on the closing share price of Vitesse on the date of the merger. Based on Vitesse's closing price of March 27, the estimated pretax gain would be about $68 million, it said. Vitesse shares, which closed at 95-15/16 on Monday, rose 8-5/16 to 104-1/4 on Tuesday. biz.yahoo.com

To: nasdaqian who wrote (7186)	3/28/2000 3:13:00 PM
From: Ram Seetharaman	Read Replies (1) \| Respond to of 9582

This is the deal - a good one indeed! Tuesday March 28, 12:00 pm Eastern Time Alliance sees gain from Vitesse/Orologic deal SANTA CLARA, Calif, March 28 (Reuters) - Alliance Semiconductor Corp. (NasdaqNM:ALSC - news) said on Tuesday it will report a pre-tax gain of about $68 million upon completion of Vitesse Semiconductor Corp.'s (NasdaqNM:VTSS - news) acquisition of Orologic Corp. In connection with the proposed $450 million stock deal, Alliance, through its new venture arm, Alliance Venture Management LLC, would get about 852,000 shares of Vitesse for its equity interest in Orologic, the company said. The deal is expected to close before the end of April. Orologic, based in Morrisville, North Carolina, was founded in October 1997 as a fabless semiconductor company. Alliance said it would report a gain based on the closing share price of Vitesse on the date of the merger. Based on Vitesse's closing price of March 27, the estimated pretax gain would be about $68 million, it said. Vitesse shares, which closed at 95-15/16 on Monday, rose 8-5/16 to 104-1/4 on Tuesday.