Alliance Semiconductor Corp. said it expects fiscal 2000 second quarter revenue to more than triple from the year-ago quarter and rise as much as 31% sequentially on higher average selling prices (ASP) of SRAM and DRAM products.
The Santa Clara, Calif., supplier of logic products said sales in the quarter ending Sept. 30 will be between $60 million and $62 million, up 225% from $19.1 million in the second quarter of its fiscal 1999 period and about31% higher than the $47.4 million reported in the prior quarter.
Alliance's financial performance has improved as memory product prices stabilized and rose in some areas. The company witnessed a surge in new orders during the period, pushing it towards fiscal 2001 sales of more than $200 million.
The company now expects to post earnings per share of between 19 cents and 21 cents, excluding gains from sales of marketable securities and other one-time items. Analysts polled by First Call Corp. are expecting Alliance to report net income of 17 cents per share.
"Bookings remain strong, with total backlog continuing to exceed $100 million. The average selling prices for SRAMs and DRAMs are higher than in the prior quarter," said N.D. Reddy, president and chief executive of Alliance.
Reddy said the company had in the last year shifted its focus away from the PC market to the networking, communications, wireless and consumer electronic products segment. These products now account for more than 80% of Alliance's sales, he said.
Alliance is expected to report its quarterly results on Oct. 17.