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

To: sellonrumor who wrote (3673)	7/22/1998 12:58:00 PM
From: DJBEINO	Respond to of 9582

Just talked to IR @ALSC: 1-Confirmed that after all charges, the loss would be 5 cents 2-The conference call was for institutional investors only. 3- Excpect modest revenue growth this quarter over the one just passsed (10M +). SEP-DEC quarter should be much better. 4-buy back numbers will be announced quarter to quarter. 5- Continue to produce more SRAM's then DRAM's , until DRAM pricing uptick 6- USC IPO is still an option 7- New products coming soon with .25u 8-Canadian issue: no comments until legal dept looks into the issue 9-SRAM prices STABLE. 10- This looks like the kitchen sink quarter

To: sellonrumor who wrote (3673)	7/22/1998 1:16:00 PM
From: DJBEINO	Read Replies (3) \| Respond to of 9582

Alliance Semiconductor Cutting 30% of Workforce to Restructure Bloomberg News July 22, 1998, 8:57 a.m. PT Alliance Semiconductor Cutting 30% of Workforce to Restructure San Jose, California, July 22 (Bloomberg) - Alliance Semiconductor Corp. said it's cutting about 45 workers, or 30 percent of its domestic workforce, to reduce expenses as falling prices for dynamic random-access memory chips continue to hurt profits and sales. Alliance, a chipmaker with 1998 revenue of $118.4 million, also said it's exiting its graphics accelerator business, which contributed 7 percent of revenue in fiscal 1998 and less than 1 percent for the quarter ended June 27. The San Jose, California-based company said in previous quarters it had heavy exposure to dynamic random-access memory chips, or DRAMs, and it has been hurt by rapidly falling prices in the DRAM product line. Cuts in the graphics division will allow it to focus on its memory business. ''The restructuring program is expected to result in significant cost savings and support the company's goal to return to operating profitability,'' said Chairman and Chief Executive N.D. Reddy. Alliance Semiconductor fell 19/32 to 2 11/16 in midday trading.