Alliance Semiconductor Authorizes Share Repurchase Program.SAN JOSE, Calif.--(BUSINESS WIRE)--June 26, 1998--Alliance Semiconductor Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :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) ) 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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 Static random access memory (SRAM) is a type of semiconductor memory. The word "static" indicates that the memory retains its contents as long as power remains applied, unlike dynamic RAM (DRAM) that needs to be periodically refreshed (nevertheless, SRAM should not be confused with (SRAM), Dynamic Random Access Memory Dynamic random access memory (DRAM) is a type of random access memory that stores each bit of data in a separate capacitor within an integrated circuit. Since real capacitors leak charge, the information eventually fades unless the capacitor charge is refreshed periodically. (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 San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. . Additional Company information can be found on our home page: http://www.alsc.com.
CONTACT: Alliance Semiconductor Corp
Janine Zanelli, 408/383-4900
investor@alsc.com
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