Delisting Determination,The Nasdaq Stock Market, Inc.,October 31,
2006, Alliance Semiconductor Corporation. The Nasdaq Stock Market,
Inc. (the Exchange) has determined to remove from listing the
common stock of Alliance Semiconductor Corporation(the Company),
effective at the opening of the trading session on Friday,
November 10, 2006. Based on a review of the information provided
by the Company, Nasdaq Staff determined that the Company no longer
qualified for listing on the Exchange as it failed to comply
with the following Marketplace Rules: 4310(c)(14). The Company
was notified of Staffs determination on June 30, 2006.
The Company exercised its right to request a review of the
Staffs determination before the Listing Qualifications Hearings
Panel. On August 11, 2006, Staff notified the Company and the
Panel that, although it had cured its delinquency under
Marketplace Rule 4310(c)(14), Staff had determined that it was
a public shell, raising public interest concerns pursuant to
Marketplace Rule 4300. The Company's hearing before the Panel
took place on August 17, 2006. Upon review of information
provided by the Company, the Panel determined, pursuant to
Rule 4300, that the Company did not qualify for inclusion on
the Exchange because it raised public interest concerns as a
public shell. The Company was notified
of the Panels decision on September 11, 2006 and trading in
the Companys securities was suspended on September 13, 2006.
The Company did not request a review of the Panels decision
by the Nasdaq Listing and Hearing Review Council.  The Listing
Council did not call the matter for review. The
Panels Determination to delist the Company became final on
October 26, 2006.