Alliance Semiconductor Corporation had been a worldwide provider of analog and mixed signal products, high-performance memory products and connectivity and networking solutions for the communications, computing, embedded, industrial and consumer markets.
In March 2006 the Company entered into a plan to dispose of them, which has resulted in the sale of substantially all of the assets and certain of the liabilities of its Systems Solutions business unit, Analog and Mixed Signal business unit, and Memory business unit, with one party purchasing assets (and certain liabilities) relating to the Company's synchronous memory business and one party purchasing the assets (and certain liabilities) of the Company's asynchronous memory business.
We own a significant portfolio of investments in various stage technology companies. Working with Needham and Co, we have commenced marketing the portfolio. The investments are held in five separate partnerships, all of which we control.