Alliance Semiconductor Announces Special Cash Dividend.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- Alliance Semiconductor Corporation (Pink Sheets:ALSC ALSC Association for Library Service to Children ALSC Adirondack Lakes Survey Corporation ALSC Afloat Logistics and Sealift Capability ALSC American Lumber Standards Committee, Inc. ALSC Advanced Logistics Systems Center (AFMC) ) announced today that its Board of Directors declared a special one-time one-time adj. 1. or one·time a. Occurring or undertaken only once: a one-time winner in 1995. b. cash dividend of $3.75 per share. The dividend is payable July 17, 2007 to shareholders of record as of July 6, 2007. "This special cash dividend reflects the commitment of the Company's Board of Directors and management to return value to the Company's stockholders," said Alliance Chairman Bryant Riley. "After payment of this dividend, Alliance retains substantial cash reserves Cash reserves See: Cash investments cash reserves Investment funds that are held in short-term assets such as Treasury bills and certificates of deposit until more permanent investment opportunities are available. . The Board will continue to consider the best means to realize value for the Company's stockholders, consistent with its ability to meet its obligations." Alliance also announced that, as required by the terms of the Company's stock option plans, appropriate adjustments will be made to the terms of outstanding stock options to reflect the impact of the cash dividend. |
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