Alliance Semiconductor Promotes C.N. Reddy to Chief Operating Officer and Executive Vice President
SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 15, 1997--Alliance Semiconductor Corporation (NASDAQ:ALSC - news) today announced the promotion of C.N. Reddy to Chief Operating Officer and Executive Vice President.
Mr. Reddy will also assume responsibility for the Company's manufacturing functions, streamlining the research and development, engineering and manufacturing operations under one reporting line. Mr. Reddy, a co-founder of Alliance, had been Senior Vice President, Engineering and Operations. He will continue to serve as Director and Secretary of the Company.
''C.N. has been an asset to the Company since its inception and has been instrumental in the Company's growth over the years,'' stated N.D. Reddy, Chairman, President and CEO of Alliance Semiconductor. ''His engineering and operations expertise will continue to serve Alliance well as we continue to develop leading edge technologies, expand our product offerings, improve our manufacturing processes and reduce costs.''
C.N. Reddy and his brother, N.D. Reddy, founded Alliance Semiconductor in 1985. C.N. began with the Company as Vice President, Engineering and became Senior Vice President, Engineering and Operations in 1993. Prior to Alliance, he served as Director of Memory Products of Modular Semiconductor Inc. and SRAM Product Line Manager for Cypress Semiconductor Corp [NYSE:CY - news].
Mr. Reddy also served as a DRAM development manager for Texas Instruments Inc. [NYSE:TXN - news] and was a design engineer with National Semiconductor Corp [NYSE:NSM - news]. C.N. holds a M.S. degree in Electrical Engineering from Utah State University and is named an inventor of over 15 SRAM and DRAM design patents.
Alliance Semiconductor Corporation is a leading worldwide supplier of high performance memory and memory intensive logic products. Alliance's four, core product lines are Static Random Access Memory (SRAM), Dynamic Random Access Memory (DRAM), Flash memory and multimedia graphics accelerators.
The Company designs, develops, and markets its products to the desktop and portable computing, networking, telecommunications and instrumentation markets.
Alliance manufactures many of its products using advanced 0.4 micron CMOS technology through a combination of joint venture and independent manufacturing facilities, with many of its leading edge products being developed using advanced 0.35 micron CMOS technology.
Alliance was founded in 1985 with headquarters in San Jose. Fiscal year 1997 revenues were $82.6 million. Additional Company information can be found on our home page: alsc.com
Except for historical information, the above statements of 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, among others, as the potential for continued price erosion of the Company's products; decreased demand or increased competitive environment for the Company's products, including, without limitation, changes in the status of the SRAM, DRAM, Flash memory and graphics markets and the demand for the Company's SRAM, DRAM, Flash memory and graphics products; inability of the Company to obtain necessary capacity, timely delivery or acceptable yields from the entities that provide wafer fabrication, wafer sort, assembly and/or test services to the Company; increases in prices such entities charge the Company for wafer fabrication, wafer sort, assembly and/or test services; obsolescence of the Company's products; accumulation of excess inventory, which may result in charges against the Company's earnings; inability to timely ramp up production of and deliver new or enhanced SRAM, DRAM, and graphics products; inability to successfully develop and introduce Flash memory products; inability to successfully recruit and retain qualified technical and financial personnel; adverse developments in current or future litigation or administrative proceedings, including without limitation imposition of antidumping duties on the Company's importation of Taiwan-manufactured SRAMs; 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 March 29, 1997, and under Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's Form 10-Q for the fiscal quarter ended Sept. 27, 1997, each of which reports have been filed with the Securities and Exchange Commission and each of 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.
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Contact:
Alliance Semiconductor Corporation
Janine Zanelli, 408/383-4900
investor@alsc.com |
