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

To: Norrin Radd who wrote (4675)	2/12/1999 10:42:00 AM
From: DJBEINO	Respond to of 9582

ALLIANCE SEMICONDUCTOR CORP /DE/ has filed a Form 10-Q with the United States Securities and Exchange Commission. Click on the following hyperlink to view this filing: freeedgar.com

To: Norrin Radd who wrote (4675)	2/12/1999 11:04:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

$172 million award for technological theft thrown out Associated Press VICTORIA, British Columbia -- A judge has thrown out a Silicon Valley engineer's $172 million award for technological theft by a former business partner. Lawyers for Prabhakara Chowdary Balla failed to adequately serve or send copies of his lawsuit against Alliance Semiconductor Corp., British Columbia Supreme Court Justice John Cowan ruled. Balla had received the judgment for royalties, shares and interest lost when a former partner stole revolutionary computer chip research later used by Alliance Semiconductor of San Jose, Calif. But no attorneys for the chipmaker showed up for the July trial in Supreme Court when Justice Kenneth Arkell made the multimillion-dollar award. The company learned of the default judgment from a reporter. Balla's attorneys should have investigated when a receipt for documents was returned unsigned, Cowan said. ''That fact in my opinion should have alerted plaintiff's counsel to the fact that the documents sent by double-registered mail had not been received and put him upon further inquiry,'' he said. Balla was an electronics and computer engineering doctoral student at the University of Victoria when he and Edward Fitch formed a company called Trit Tek in the mid-1980s. They secured $11 million in seed money from the federal government's tax credit program to promote and develop Canadian computer technology and then made a deal with Modular Semiconductor Inc. in California to market the technology using $3.6 million in taxpayers' funds. But in December 1984, Fitch took $1.5 million of that $3.6 million, with Modular's knowledge, and set up a company called Decimal 10 in Bermuda -- without telling Balla, court records said. By July 1985, Fitch terminated Trit Tek's agreement with Modular and went to Hong Kong with technological knowledge stolen from Balla, the suit said. The principals of Modular left that company and founded Alliance Semiconductor, which ''used that (Balla) technology with great gains over the years in Silicon Valley,'' said Balla's lawyer, Bruce Jordan. The deception was ''harsh, vindictive, reprehensible, malicious and a gross breach of corporate morality,'' Arkell said last year in ruling in Balla's favor. Fitch disappeared from Canada in 1985 and Balla is now a consultant in Silicon Valley. www7.mercurycenter.com