Alliance Semiconductor Announces Special Cash Dividend
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Alliance Semiconductor Corporation (Pink Sheets:ALSC) announced today
that its Board of Directors declared a special one-time cash dividend of
$0.25 per share. The dividend is payable April 8, 2008 to shareholders
of record as of March 31, 2008.
"The Board of Directors is pleased to return
additional value to the Company’s stockholders
through the payment of this dividend,” said
Mel Keating, Alliance’s President and CEO. The
dividend follows a special cash dividend of $3.75 per share that was
paid to the Company’s stockholders on July 17,
2007. Mr. Keating added, "Management and the
Board continue to evaluate alternatives for the direction of the
Company, consistent with realizing value for the Company’s
stockholders.”
