Riley Investment owns 17% of Alliance Semiconductor

By Lisa Kerner

Charlotte, N.C., Sept. 3 - Alliance Semiconductor Corp. shareholders led by Riley Investment Partners Master Fund, LP purchased an additional 521,587 shares of the company's stock between July 16 and Aug. 29, upping their stake in the company to 17%.

The shares were priced from priced from $0.55 to $0.92, according to a schedule 13D filing with the Securities and Exchange Commission.

Riley and its affiliates beneficially own 5,619,385 shares of the company's outstanding stock.

Between March 18 and May 5, Riley reported the purchase of 1,016,235 shares and a 15.3% ownership interest.

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

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