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

To: DJBEINO who wrote (8563)	9/26/2000 9:09:05 AM
From: Ram Seetharaman	Read Replies (1) \| Respond to of 9582

Tuesday September 26, 5:58 am Eastern Time Press Release Alliance Semiconductor Estimates Higher Than Expected Sales and Operating Results For Q2 Fiscal Quarter SANTA CLARA, Calif.--(BUSINESS WIRE)--September 26, 2000--Alliance Semiconductor Corporation (Nasdaq:ALSC - news) today announced that net sales and earnings for the second fiscal quarter, ending September 30, 2000 are currently expected to be higher than prior expectations. Alliance currently expects to report record second quarter sales of $60 million to $62 million. This would represent a sequential increase of approximately 26% - 31% from the fiscal first quarter sales of $47.4 million, and a 214% - 225% increase from the year-ago fiscal second quarter sales of $19.1 million. Revenues for the first half of fiscal year 2001 are now expected to be approximately $107 million to $109 million, an increase of 191-196%. Alliance also currently expects to report fully-diluted earnings per share of $0.19 to $0.21 for the fiscal second 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, ``Bookings remain strong, with total backlog continuing to exceed $100 million. The average selling prices for SRAMs and DRAMs are higher than in the prior quarter.'' Mr. Reddy continued, ``Our major sales focus over the past year has been in the non-PC market segments, including networking, communications, wireless and consumer which now exceed 80% of our revenue base. These markets remain strong. 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 second quarter earnings on October 17, 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 networking, telecommunication, instrumentation, computing 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 0.21 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. Alliiance was founded in 1985. Additional Company information can be found on our home page: alsc.com. Forward Looking Statements Except for historical information, the above statements in this press release (including, without limitation, expressions of expectation, belief, anticipation or estimation of the Company or its management) are forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward looking statements. These risks and uncertainties include such factors, as among others, unforeseen changes in the Company's financials as the books for the quarter are closed; discovery of material errors in the reporting of numbers as the books for the quarter are closed; the Company's potential status as an Investment Act of 1940 reporting company; and the risk factors listed under Item 1: Business and Item 7: Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's Form 10-K for the fiscal year ended April 1, 2000, and subsequent 10-Qs, which have been filed with the Securities and Exchange Commission which are available through the Company's home page, alsc.com. These forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or to reflect any change in events, conditions or circumstances on which any such forward-looking statement is based, in whole or in part. Contact: Alliance Semiconductor David Eichler, 408/855-4960 deichler@alsc.com