Alliance Semiconductor Sees Lower Revenues

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Alliance Semiconductor

(ALSC)

said Thursday its third-quarter revenue would be flat or up 2% from the second quarter, rather than 20% higher as previously projected.

The company blamed the shortfall on lower DRAM sales in Asia and yield problems with SRAM products.

Two analysts surveyed by

First Call/Thomson Financial

were expecting third-quarter earnings per share of 27 cents, up from 22 cents in the second quarter and 9 cents in the year-ago quarter. There were no analyst projections for revenue.

Alliance Semiconductor was down $1.06, or 8.9%, to $10.88 in regular-hours trading on the

Nasdaq

. They were recently unchanged in after-hours trading on

Island

.