Alliance Semiconductor Declares Special Cash Dividend
October 13 2008 - 6:30PM
Business Wire
Alliance Semiconductor Corporation (Pink Sheets:ALSC) announced
today that its Board of Directors declared a special one-time cash
dividend of $0.02 per share, which is payable October 17, 2008 to
stockholders of record as of the close of business October 10,
2008. Bryant Riley, Alliance�s Chairman, said, "This dividend
represents our continued focus on returning capital to shareholders
as we take steps to begin dissolution. We hope to make additional
distributions, as available cash allows, considering the Company�s
reduced expenses. The amount and timing of�such additional�payments
is uncertain until the company�s holdings in auction rate
certificates can to be monetized in an orderly manner."
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