Alliance Semiconductor Expects Disappointing Quarter.SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 6, 1997--Alliance Semiconductor Corp. (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 reported that primarily due to DRAM pricing declines and slower SRAM See static RAM. SRAM - static random-access memory demand, it expects its revenues to be below expectations for the second fiscal quarter ended Sept. 27, 1997. The company expects net revenues to be between $28-$29 million, or approximately 20% below last quarter's revenues of $36.3 million. The company also expects to report a net loss for the quarter. Alliance 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. , N.D. Reddy, commented, "We are certainly disappointed that we were unable to achieve our revenue and profit goals for the quarter. Alliance experienced typical seasonal weakness in the first two months of the quarter, and in September, business and pricing did not improve as we had expected. DRAM prices continued to decline during the quarter, and visibility remains limited as to if or when DRAM prices will firm. Because of this, we will continue to focus our manufacturing and sales efforts on all our product lines." Alliance Semiconductor Corp. is a leading worldwide supplier of high performance memory and memory intensive logic products. Alliance's four, core product lines are 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 and multimedia graphics accelerators. The company 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 0.4 micron CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. technology through a combination of joint venture and independent manufacturing facilities, with many of its leading edge products being developed using advanced 0.35 micron CMOS technology. Alliance was founded in 1985 with headquarters in San Jose. Fiscal 1997 revenues were $82.6 million. Additional company information can be found on our home page: http://www.alsc.com . Except for historical information, the above statements of this press release (including, without limitation, expressions of expectation, belief, anticipation or estimation of the company or its management) are forward-looking statements that are subject to certain risks and uncertainties that could cause actual result erosion of the company's products; decreased nd test services to the company; increases in prices such entities charge the company for wafer fabrication, wafer sort, assembly and/or test services; obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. of the company's products; accumulation of excess inventory, which may result in charges against the company's earnings; inability to timely ramp up production of and deliver new or enhanced SRAM, DRAM, and graphics products; inability to successfully develop and introduce Flash memory products; inability to successfully recruit and retain qualified technical and financial personnel; adverse developments in current or future litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. or administrative proceedings, including without limitation imposition of antidumping duties on the company's importation of Taiwan-manufactured SRAMs; and the risk factors listed under Item 1: Business and Item 7: Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations in the company's Form 10-K for the fiscal year ended March 29, 1997, and under Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations in the company's Form 1e. The company expressly disclaims any obligatir to re flect any change in events, conditions or circumstances on which any such forward-looking statement is based, in whole or in part. CONTACT: Alliance Semiconductor Janine Zanelli, 408/383-4900 investor@alsc.com |
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