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

To: charles j. aaron who wrote (3465)	6/26/1998 5:11:00 PM
From: Frank Povoski	Read Replies (1) \| Respond to of 9582

Alliance Semiconductor Authorizes Share Repurchase Program SAN JOSE, Calif.--(BUSINESS WIRE)--June 26, 1998--Alliance Semiconductor Corporation (NASDAQ:ALSC - news) today announced that its Board of Directors authorized the repurchase of up to two million shares of common stock. The Company may repurchase the shares from time to time in the open market or in block purchases, in compliance with Rule 10b-18. ''We believe our stock is trading at a substantial discount to its fundamental value, and a repurchase of shares represents a sound investment for Alliance,'' stated N.D. Reddy, Chairman, President and CEO of Alliance. Alliance also today filed its Form 10-K for the fiscal year ended March 28, 1998. Current and prospective shareholders are referred to that document for a discussion of the Company's business and factors that may affect future results. 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, multimedia graphics accelerators and embedded technologies. Alliance 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 0.3 and 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 0.25 micron CMOS technology. Alliance was founded in 1985 with headquarters in San Jose, California. Additional Company information can be found on our home page: