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. 10)(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)

November 25, 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 852,657
 SHARES -----------------------------------------------------------------
BENEFICIALLY 8. Shared Voting Power
 OWNED BY -0-
 EACH -----------------------------------------------------------------
 REPORTING 9. Sole Dispositive Power
 PERSON 852,657
 WITH -----------------------------------------------------------------
 10. Shared Dispositive Power
 -0-
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
 852,657
--------------------------------------------------------------------------------
12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares*
 [_]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
 2.6%(1)
--------------------------------------------------------------------------------
14. Type of Reporting Person*
 PN
--------------------------------------------------------------------------------
__________________________
(1) Based on 33,047,882 shares of common stock of Alliance Semiconductor
Corporation (the "Issuer") outstanding at July 31, 2008 as reported in the
Issuer's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30,
2008 filed with the Securities and Exchange Commission on August 21, 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 2,372,286 (2)
 SHARES -----------------------------------------------------------------
BENEFICIALLY 8. Shared Voting Power
 OWNED BY 2,603,735 (3)
 EACH -----------------------------------------------------------------
 REPORTING 9. Sole Dispositive Power
 PERSON 2,372,286 (2)
 WITH -----------------------------------------------------------------
 10. Shared Dispositive Power
 2,603,735 (3)
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
 3,972,286 (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)
 12.0%(1)
--------------------------------------------------------------------------------
14. Type of Reporting Person*
 IA
--------------------------------------------------------------------------------
__________________________
(2) Because Riley Investment Management LLC has sole investment and voting power
Over 852,657 shares of Common Stock held by Riley Investment Partners Master
Fund, L.P. and 1,519,629 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
2,603,735 shares of Common Stock held by its investment advisory clients,
1,600,000 of which are held by investment advisory accounts indirectly
affiliated with 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 97,936
 SHARES -----------------------------------------------------------------
BENEFICIALLY 8. Shared Voting Power
 OWNED BY -0-
 EACH -----------------------------------------------------------------
 REPORTING 9. Sole Dispositive Power
 PERSON 97,936
 WITH -----------------------------------------------------------------
 10. Shared Dispositive Power
 -0-
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
 97,936
--------------------------------------------------------------------------------
12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares*
 [_]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
 .3%(1)
--------------------------------------------------------------------------------
14. Type of Reporting Person*
 BD
--------------------------------------------------------------------------------
__________________________


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 145,000
 SHARES -----------------------------------------------------------------
BENEFICIALLY 8. Shared Voting Power
 OWNED BY -0-
 EACH -----------------------------------------------------------------
 REPORTING 9. Sole Dispositive Power
 PERSON 145,000
 WITH -----------------------------------------------------------------
 10. Shared Dispositive Power
 -0-
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
 145,000
--------------------------------------------------------------------------------
12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares*
 [_]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
 0.4%(1)
--------------------------------------------------------------------------------
14. Type of Reporting Person*
 EP
--------------------------------------------------------------------------------


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
--------------------------------------------------------------------------------


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 2,927,673(4)
 SHARES -----------------------------------------------------------------
BENEFICIALLY 8. Shared Voting Power
 OWNED BY 2,610,384(5)
 EACH -----------------------------------------------------------------
 REPORTING 9. Sole Dispositive Power
 PERSON 2,927,673(4)
 WITH -----------------------------------------------------------------
 10. Shared Dispositive Power
 2,610,384(5)
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
 4,534,322(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)
 13.7%(1)
--------------------------------------------------------------------------------
14. Type of Reporting Person*
 IN
--------------------------------------------------------------------------------
__________________________

(4) 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 852,657 shares of Common Stock held
by Riley Investment Partners Master Fund, L.P and 1,519,629 shares held by
investment advisory clients. Includes 145,000 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
91,287 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 319,000 shares held by Mr. Riley.

(5) Riley Investment Management LLC has shared voting and dispositive power over
2,603,735 shares of Common Stock held by its investment advisory clients,
1,600,000 of which are held by investment advisory accounts indirectly
affiliated with 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 sole voting and dispositive power
over 6,649 shares of Common Stock. Mr. Riley is the Chairman and sole indirect
equity owner of B. Riley & Co., LLC.


CUSIP No. 01877H100 13D Page 8

 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: December 5, 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

Alimco Financial (CE) (USOTC:ALMC)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Alimco Financial (CE) Charts.
Alimco Financial (CE) (USOTC:ALMC)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Alimco Financial (CE) Charts.