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

To: Ken Muller who wrote (2203)	12/28/1997 11:10:00 AM
From: Frank Povoski	Read Replies (1) \| Respond to of 9582

I guess I don't see why you think 90 days max. This is from the lastest filing. I guess if alsc did not sell anything this quarter they would have problems. Could you please explain yourself in more detail. Thanks Frank "The Company's operating activities generated cash of $7.1 million in the first quarter of fiscal 1998 and used cash of $13.5 million in the first quarter of fiscal 1997. Cash generated from operations in the first quarter of fiscal 1998 was the result of net income generated during the period and a net increase in certain working capital components. Cash used in operations in the first quarter of fiscal 1997 was primarily a result of net loss generated during the period combined with a net decrease in certain working capital components. Net cash used in investing activities was $0.6 million for the first quarter of fiscal 1998 and $1.1 million for the same period of fiscal 1997. Net cash used in investing activities in the first quarter of fiscal 1998 reflects equipment purchases of $0.6 million. Net cash used in investing activities in the first quarter of fiscal 1997 reflects equipment purchases of $1.3 million, partially offset by a reduction in the investment of United Silicon, Inc. of $0.2 million. The Company's financing activities used cash of $0.3 million in the first quarter of fiscal 1998 and provided cash of $0.1 million in the first quarter of fiscal 1997. Net cash used in financing activities in the first quarter of fiscal 1997 reflects repayment of long term obligations of $0.4 million, offset by net proceeds of $0.1 million from the sales of common stock in connection with the exercise of stock options. Net cash provided by financing activities in the first quarter of fiscal 1997 reflects net proceeds from the sales of common stock in connection with the exercise of stock options. At June 30, 1997, the Company had $28.6 million in cash, an increase of $6.1 million from March 31, 1997, and working capital of $77.1 million, a decrease of $0.9 million from March 31, 1997. The Company believes that these sources of liquidity, together with an expected tax refund (which was received in July 1997) and anticipated financings, will be sufficient to meet its projected working capital and other cash requirements for the foreseeable future. "