Riley continues to invest in Alliance Semiconductor

By Lisa Kerner

Charlotte, N.C., May 6 - Alliance Semiconductor Corp. shareholders led by Riley Investment Partners Master Fund, LP purchased an additional 1,016,235 shares of the company's stock between March 18 and May 5, upping their stake in the company to 15.3% from 13.5%.

The shares were priced from $0.90 to $1.20 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons beneficially own 5,080,298 shares of the company's outstanding stock.

It was previously reported that Riley and its affiliates bought 373,600 shares of the company's stock between Jan. 24 and Feb. 8 priced from $1.20 to $1.36 each.

Alliance Semiconductor, based in Santa Clara, Calif., does not currently have significant operations.

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