Alliance Semiconductor Names Brad Perkins as Vice President and General Counsel.

SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 21, 1999--Alliance Semiconductor Corporation (Nasdaq: ALSC) today announced that Brad Perkins has joined the company as Vice President and General Counsel. Prior to joining Alliance, Mr. Perkins tenure was with Mission West Properties, Inc., as Vice President and General Counsel.

"I am very pleased to welcome Brad to Alliance," said N. Damodar Reddy, the Company's Chairman, President and Chief Executive Officer. "Brad's extensive background in corporate and intellectual property law will be very valuable to the Company. We look for him to provide the needed leadership and guidance in our legal matters."

Prior to Mission West Properties, Brad spent seven years as Vice President and General Counsel for Valence Technology Inc., and three years at VLSI Technology, Inc. as Assistant General Counsel and Intellectual Property Counsel. He holds a BSEE from Duke University and a J.D. from McGeorge School of Law, University of the Pacific.

Company Information

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 (SRAM), Dynamic Random Access Memory (DRAM), Flash memory and embedded memory and logic products. Alliance designs, develops and markets its products to the desktop and portable computing, networking, telecommunication, instrumentation, and consumer markets. Alliance manufactures its products through independent and joint venture manufacturing facilities, using advanced CMOS process technologies with line widths as narrow as 0.25 microns. Alliance was founded in 1985 with headquarters in San Jose, California. 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 results to differ materially from those set forth in the forward looking statements. These risks and uncertainties include such factors, among others, as the potential for continued price erosion of the Company's products; decreased demand or increased competitive environment for the Company's products, including, without limitation, changes in the status of the SRAM, DRAM, Flash memory and embedded memory and logic markets and the demand for the Company's SRAM, DRAM, Flash memory and embedded memory and logic products; inability of the Company to obtain necessary capacity, timely delivery or acceptable yields from the entities that provide wafer fabrication, wafer sort, assembly and/or test services to the Company; increases in prices such entities charge the Company for wafer fabrication, wafer sort, assembly and/or test services; obsolescence of the Company's products; accumulation of excess inventory or price erosion or obsolescence of existing inventory, any of which may result in charges against the Company's earnings; inability to timely ramp up production of and deliver new or enhanced SRAM or DRAM products; inability to successfully develop and introduce Flash and embedded memory and logic products; inability to successfully recruit and retain qualified technical and other personnel; adverse effects of the recent financial and economic crisis in Asia and Latin America; adverse developments in current or future litigation or administrative proceedings, including; the on-going anti-dumping investigation concerning importation of DRAMs from Taiwan as well as liquidation of antidumping duties imposed 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 of Financial Condition and Results of Operations in the Company's Form 10-K for the fiscal year ended March 28, 1998 and Form 10Q for quarter ended September 27, 1998, which has been filed with the Securities and Exchange Commission and each of which are available through the Company's home page, http://www.alsc.com. These forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or to reflect any change in events, conditions or circumstances on which any such forward-looking statement is based, in whole or in part.