-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S2sRgNk5BDnIlOcv58YNES3dHuGbGVopMtOaI3BlhJzP0a0tzAJBfTUuoRmSEkaC Yiat3i570TMsZwkzkIA/sQ== 0001019687-08-002037.txt : 20080506 0001019687-08-002037.hdr.sgml : 20080506 20080506170102 ACCESSION NUMBER: 0001019687-08-002037 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080506 DATE AS OF CHANGE: 20080506 GROUP MEMBERS: B. RILEY & CO. RETIREMENT TRUST GROUP MEMBERS: B. RILEY & CO., LLC GROUP MEMBERS: BR INVESTCO, LLC GROUP MEMBERS: BRYANT R. RILEY GROUP MEMBERS: RILEY INVESTMENT MANAGEMENT LLC GROUP MEMBERS: RILEY INVESTMENT PARTNERS MASTER FUND, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ALLIANCE SEMICONDUCTOR CORP /DE/ CENTRAL INDEX KEY: 0000913293 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 770057842 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-44755 FILM NUMBER: 08807093 BUSINESS ADDRESS: STREET 1: 2575 AUGUSTINE DRIVE CITY: SANTA CLARA STATE: CA ZIP: 95054-2914 BUSINESS PHONE: 4088554900 MAIL ADDRESS: STREET 1: 2575 AUGUSTINE DRIVE CITY: SANTA CLARA STATE: CA ZIP: 95054-2914 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Riley Investment Partners Master Fund, L.P. CENTRAL INDEX KEY: 0001385084 IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 11100 SANTA MONICA BOULEVARD STREET 2: SUITE 810 CITY: LOS ANGELES STATE: CA ZIP: 90025 BUSINESS PHONE: (310) 966-1445 MAIL ADDRESS: STREET 1: 11100 SANTA MONICA BOULEVARD STREET 2: SUITE 810 CITY: LOS ANGELES STATE: CA ZIP: 90025 SC 13D/A 1 riley_13da7-050208.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (RULE 13d-2-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 7)(1) ALLIANCE SEMICONDUCTOR CORPORATION (Name of Issuer) COMMON STOCK (Title of Class of Securities) 01877H100 (CUSIP Number) RILEY INVESTMENT MANAGEMENT LLC ATTN: BRYANT R. RILEY 11100 SANTA MONICA BLVD. SUITE 810 LOS ANGELES, CA 90025 (310) 966-1445 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) MAY 2, 2008 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box: [_] Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. (Continued on following pages) - -------------- (1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 01877H100 13D Page 2 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Riley Investment Partners Master Fund, L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box If a Member of a Group* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds* WC - -------------------------------------------------------------------------------- 5. Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Cayman Islands - -------------------------------------------------------------------------------- 7. Sole Voting Power NUMBER OF 2,340,057 SHARES ----------------------------------------------------------------- BENEFICIALLY 8. Shared Voting Power OWNED BY -0- EACH ----------------------------------------------------------------- REPORTING 9. Sole Dispositive Power PERSON 2,340,057 WITH ----------------------------------------------------------------- 10. Shared Dispositive Power -0- - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 2,340,057 - -------------------------------------------------------------------------------- 12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 7.1%(1) - -------------------------------------------------------------------------------- 14. Type of Reporting Person* PN - -------------------------------------------------------------------------------- _____________ (1) Based on 33,031,757 shares of common stock of Alliance Semiconductor Corporation (the "Issuer") outstanding at January 29, 2008 as reported in the Issuer's Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2007 filed with the Securities and Exchange Commission on February 14, 2008. CUSIP No. 01877H100 13D Page 3 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Riley Investment Management LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box If a Member of a Group* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds* AF - -------------------------------------------------------------------------------- 5. Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7. Sole Voting Power NUMBER OF 2,845,686(2) SHARES ----------------------------------------------------------------- BENEFICIALLY 8. Shared Voting Power OWNED BY 1,761,555(3) EACH ----------------------------------------------------------------- REPORTING 9. Sole Dispositive Power PERSON 2,845,686(2) WITH ----------------------------------------------------------------- 10. Shared Dispositive Power 1,761,555(3) - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 4,038,506(3) - -------------------------------------------------------------------------------- 12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [X] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 12.2%(1) - -------------------------------------------------------------------------------- 14. Type of Reporting Person* IA - -------------------------------------------------------------------------------- _____________ (1) Based on 33,031,757 shares of common stock of Alliance Semiconductor Corporation (the "Issuer") outstanding at January 29, 2008 as reported in the Issuer's Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2007 filed with the Securities and Exchange Commission on February 14, 2008. (2) Because Riley Investment Management LLC has sole investment and voting power over 2,340,057 shares of Common Stock held by Riley Investment Partners Master Fund, L.P. and 505,629 shares held by its investment advisory clients, Riley Investment Management LLC may be deemed to have beneficial ownership of these shares. (3) Riley Investment Management LLC has shared voting and dispositive power over 1,761,555 shares of Common Stock held by its investment advisory clients, 1,192,820 of which are held by investment advisory accounts indirectly affiliated with Bryant Riley or Riley Investment Partners Master Fund, L.P. However, Riley Investment Management LLC disclaims beneficial ownership of the non-affiliated shares. CUSIP No. 01877H100 13D Page 4 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). B. Riley & Co., LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box If a Member of a Group* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds* WC - -------------------------------------------------------------------------------- 5. Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7. Sole Voting Power NUMBER OF 340,151 SHARES ----------------------------------------------------------------- BENEFICIALLY 8. Shared Voting Power OWNED BY 338,541(4) EACH ----------------------------------------------------------------- REPORTING 9. Sole Dispositive Power PERSON 340,151 WITH ----------------------------------------------------------------- 10. Shared Dispositive Power 338,541(4) - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 678,692 - -------------------------------------------------------------------------------- 12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 2.1%(1) - -------------------------------------------------------------------------------- 14. Type of Reporting Person* BD - -------------------------------------------------------------------------------- _____________ (1) Based on 33,031,757 shares of common stock of Alliance Semiconductor Corporation (the "Issuer") outstanding at January 29, 2008 as reported in the Issuer's Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2007 filed with the Securities and Exchange Commission on February 14, 2008. (4) B. Riley & Co., LLC has shared voting and dispositive power over 338,541 shares of Common Stock held by a managed account, with which it is indirectly affiliated. CUSIP No. 01877H100 13D Page 5 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). B. Riley & Co. Retirement Trust - -------------------------------------------------------------------------------- 2. Check the Appropriate Box If a Member of a Group* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds* WC - -------------------------------------------------------------------------------- 5. Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization California - -------------------------------------------------------------------------------- 7. Sole Voting Power NUMBER OF 98,000 SHARES ----------------------------------------------------------------- BENEFICIALLY 8. Shared Voting Power OWNED BY -0- EACH ----------------------------------------------------------------- REPORTING 9. Sole Dispositive Power PERSON 98,000 WITH ----------------------------------------------------------------- 10. Shared Dispositive Power -0- - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 98,000 - -------------------------------------------------------------------------------- 12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 0.3%(1) - -------------------------------------------------------------------------------- 14. Type of Reporting Person* EP - -------------------------------------------------------------------------------- _____________ (1) Based on 33,031,757 shares of common stock of Alliance Semiconductor Corporation (the "Issuer") outstanding at January 29, 2008 as reported in the Issuer's Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2007 filed with the Securities and Exchange Commission on February 14, 2008. CUSIP No. 01877H100 13D Page 6 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). BR Investco, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box If a Member of a Group* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds* WC - -------------------------------------------------------------------------------- 5. Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7. Sole Voting Power NUMBER OF 100 SHARES ----------------------------------------------------------------- BENEFICIALLY 8. Shared Voting Power OWNED BY -0- EACH ----------------------------------------------------------------- REPORTING 9. Sole Dispositive Power PERSON 100 WITH ----------------------------------------------------------------- 10. Shared Dispositive Power -0- - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 100 - -------------------------------------------------------------------------------- 12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 0.0%(1) - -------------------------------------------------------------------------------- 14. Type of Reporting Person* OO - -------------------------------------------------------------------------------- _____________ (1) Based on 33,031,757 shares of common stock of Alliance Semiconductor Corporation (the "Issuer") outstanding at January 29, 2008 as reported in the Issuer's Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2007 filed with the Securities and Exchange Commission on February 14, 2008. CUSIP No. 01877H100 13D Page 7 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Bryant R. Riley - -------------------------------------------------------------------------------- 2. Check the Appropriate Box If a Member of a Group* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds* AF, WC - -------------------------------------------------------------------------------- 5. Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7. Sole Voting Power NUMBER OF 3,548,886(5) SHARES ----------------------------------------------------------------- BENEFICIALLY 8. Shared Voting Power OWNED BY 2,100,147(6) EACH ----------------------------------------------------------------- REPORTING 9. Sole Dispositive Power PERSON 3,548,886(5) WITH ----------------------------------------------------------------- 10. Shared Dispositive Power 2,100,147(6) - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 5,080,298(5) - -------------------------------------------------------------------------------- 12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [X] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 15.3%(1) - -------------------------------------------------------------------------------- 14. Type of Reporting Person* IN - -------------------------------------------------------------------------------- _____________ (1) Based on 33,031,757 shares of common stock of Alliance Semiconductor Corporation (the "Issuer") outstanding at January 29, 2008 as reported in the Issuer's Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2007 filed with the Securities and Exchange Commission on February 14, 2008. (5) Because Riley Investment Management LLC has sole voting and investment power over Riley Investment Partners Master Fund, L.P.'s security holdings and holdings of certain investment advisory clients and Mr. Riley, in his role as the sole manager of Riley Investment Management LLC, controls its voting and investment decisions, Riley Investment Management LLC, and Mr. Riley may be deemed to have beneficial ownership of the 2,340,057 shares of Common Stock held by Riley Investment Partners Master Fund, L.P and 505,629 shares held by investment advisory clients. Includes 98,000 shares beneficially owned by B. Riley & Co. Retirement Trust. Because Mr. Riley, in his role as Trustee of the B. Riley & Co. Retirement Trust, controls its voting and investment decisions, Mr. Riley may be deemed to have beneficial ownership of these shares. Includes 340,100 shares of Common Stock owned by B. Riley & Co., LLC. Includes 100 shares beneficially owned by BR Investco, LLC, an entity controlled by Mr. Riley. Includes 265,000 shares owned by Mr. Riley. (6) Riley Investment Management LLC has shared voting and dispositive power over 1,761,555 shares of Common Stock held by its investment advisory clients, 1,192,820 of which are held by investment advisory accounts indirectly affiliated with Bryant Riley or Riley Investment Partners Master Fund, L.P. Although Mr. Riley controls Riley Investment Management LLC's voting and investment decisions for its investment advisory clients, Mr. Riley disclaims beneficial ownership of the non-affiliated shares. B. Riley & Co., LLC has shared voting and dispositive power over 338,541 shares of Common Stock and sole voting and dispositive power over 51 shares of Common Stock. Mr. Riley is the Chairman and sole indirect equity owner of B. Riley & Co., LLC. Mr. Riley is the Chairman and sole indirect equity owner of B. Riley & Co., LLC. CUSIP No. 01877H100 13D Page 8 ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5(c) as previously filed is amended to add the following information: In the ordinary course of business, B. Riley & Co., LLC may effect transactions in connection with its ordinary course market making activities, as well as for customer transactions. The following are the other transactions effected by the Reporting Persons in Common Stock that have taken place in the past 60 days through May 5, 2008: MASTER TRANS TRADE CODE QUANTITY PRICE DATE BY 11,500 0.9 4/29/2008 BY 488,000 1.0748 5/2/2008 BY 23,000 1.05 5/5/2008 INVESTMENT ADVISORY CLIENTS TRANS TRADE CODE QUANTITY PRICE DATE BY 468,735 1.065 5/2/2008 B. RILEY RETIREMENT TRUST TRANS TRADE CODE QUANTITY PRICE DATE BY 250 1.2 3/18/2008 BY 24,750 1.2 3/26/2008 CUSIP No. 01877H100 13D Page 9 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: May 6, 2008 Riley Investment Partners Master Fund, L.P. By: Riley Investment Management LLC, its General Partner By: /s/ Bryant R. Riley --------------------------------------- Bryant R. Riley, Managing Member Riley Investment Management LLC By: /s/ Bryant R. Riley --------------------------------------- Bryant R. Riley, Managing Member B. Riley & Co., LLC By: /s/ Bryant R. Riley --------------------------------------- Bryant R. Riley, Chairman B. Riley & Co. Retirement Trust By: /s/ Bryant R. Riley --------------------------------------- Bryant R. Riley, Trustee BR Investco, LLC By: /s/ Bryant R. Riley --------------------------------------- Bryant R. Riley, Manager /s/ Bryant R. Riley --------------------------------------- Bryant R. Riley -----END PRIVACY-ENHANCED MESSAGE-----