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

To: DJBEINO who wrote (1970)	11/13/1997 9:11:00 AM
From: jean fakhoury	Respond to of 9582

ALLIANCE SEMICONDUCTOR CORP files 0927 qtr 10-Q. IFN Smart Edgar News - November 12, 1997 20:08 %OPR %qtrrept ALSC V%IFN P%SMRT -------------------------------------------------------------------------------- Excerpted from 10-Q filed on 11/12 by ALLIANCE SEMICONDUCTOR CORP: ALLIANCE SEMICONDUCTOR CORP files 0927 qtr 10-Q. Reports $65.3 mil tot rev and $-0.09 EPS. Results of Operations The following table sets forth, for the periods indicated, certain operating data as a percentage of net revenue: CAPTION Three Months Ended Six Months Ended September 30, September 30, 1997 1996 1997 1996 S C C C C Net revenue 100.0% 100.0% 100.0% 100.0% Cost of revenue 109.3 84.0 93.8 (129.8) Gross profit (loss) (9.3) 16.0 6.2 (29.8) Operating expenses: Research and development 12.3 27.7 11.7 26.0 Selling, general and administrative 16.8 20.6 13.7 19.1 Total operating expenses 29.1 48.3 25.4 45.1 Income (loss) from operations (38.4) (32.3) (19.2) (74.9) Other income, net 0.2 3.5 0.4 4.3 Income (loss) before income taxes (38.2) (28.8) (18.9) (70.6) Provision (benefit) for income taxes (13.4) (10.1) (6.6) (24.7) Income (loss) before equity in income of USC (24.8)% (18.7)% (12.3)% (45.9)% ===== ===== ===== ===== TABLE Net Revenue During the first two quarters of fiscal 1998, the Company's net revenue was principally derived from the sale of DRAM and SRAM products, whereas the Company's net revenue for the first two quarters of fiscal 1997 was principally derived from the sale of SRAM products. Net revenue for the second quarter of fiscal 1998 was $29.0 million, or 121% higher than the $13.1 million of revenue for the second quarter of fiscal 1997. Net revenue for the first sixth months of fiscal 1998 was $65.3 million, or 140% higher than the $27.2 million of net revenue for the first sixth months of fiscal 1997. During the first six months of fiscal 1998, one customer accounted for 14% of net revenue. During the first six months of fiscal 1997, no customer accounted for more than 10% of net revenue. The increase in net revenue for the three and six months ended September 30, 1997, was due to increased production of DRAM products and an overall increase in units shipped, offset by continued decreases in the average selling prices for certain of the Company's SRAM and DRAM products and a decrease in demand for certain of the Company's SRAM products. The Company is unable to predict when or if such price and demand declines will stabilize. A continued decline in average selling prices or unit demand could have a material adverse effect on the Company's operating results. Revenues from the Company's SRAM products contributed approximately 30% of the Company's net revenues for the second quarter of fiscal 1998 and approximately 28% of the Company's net revenues for the first sixth months of fiscal 1998. To increase demand and the average selling price for the Company's SRAM products, the Company has added to its SRAM product offerings and begun to ship volume quantities of enhanced versions of 1 megabit SRAMs and a 4 megabit SRAMs. (End of Item Excerpt) ----------FINANCIAL DATA SCHEDULE-------- MULTIPLIER 1,000 PERIOD-TYPE 6-MOS FISCAL-YEAR-END MAR-28-1998 PERIOD-START MAR-30-1997 PERIOD-END SEP-27-1997 CASH 20,911 SECURITIES 0 RECEIVABLES 15,206 ALLOWANCES 0 INVENTORY 33,533 CURRENT-ASSETS 89,912 DEPRECIATION 0 TOTAL-ASSETS 241,539 CURRENT-LIABILITIES 36,749 BONDS 1,357 PREFERRED-MANDATORY 0 PREFERRED 0 COMMON 393 OTHER-SE 202,338 TOTAL-LIABILITY-AND-EQUITY 241,539 SALES 65,337 TOTAL-REVENUES 65,337 CGS 61,308 TOTAL-COSTS 61,308 OTHER-EXPENSES 7,665 LOSS-PROVISION 0 INTEREST-EXPENSE 0 INCOME-PRETAX (12,333) INCOME-TAX (4,316) INCOME-CONTINUING (8,017) DISCONTINUED 0 EXTRAORDINARY 0 CHANGES 0 NET-INCOME (3,443) EPS-PRIMARY (0.09) EPS-DILUTED (0.09) ------------------------------------------------------------------------ DISCLAIMER: The information provided through this news feed is excerpted from documents filed with the Securities and Exchange Commission (SEC) and should not be relied upon without review of the full documents filed with the SEC. In no event will Internet Financial Network, Inc., its officers, directors, employees, stockholders or agents, be liable to you or to any third party for any damages, costs or expenses arising or incurred in connection with any action taken or failure to act that is based upond the information contained in or omitted from this news feed or the documents filed with the SEC. ------------------------------------------------------------------------