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DATARAM REPORTS FIRST QUARTER 1994 RESULTS

 PRINCETON, N.J., Aug. 11 /PRNewswire/ -- Dataram Corporation (AMEX: DTM), a developer, manufacturer and marketer of quality computer memory products, today reported financial results for the first quarter of fiscal 1994.
 Revenues for the first quarter ended July 31, 1993, were $19.1 million, an 82 percent increase over the $10.5 million reported for the comparable prior year period. Net earnings were $624,000 or $.16 per share, 254 percent above the $176,000 or $.05 per share for the prior year period. Earnings for the quarter ended July 31, 1993, included $118,000 or $.03 per share resulting from adopting FASB 109 related to accounting for income taxes.
 Robert V. Tarantino, president and chief executive officer, attributed the strong gains in revenues to the brisk demand for the company's memory products offered to users of workstations, servers and minicomputers.
 "Earnings did not keep pace with the revenue increase because of higher DRAM chip prices occasioned by both an imbalance of supply and demand, and the weakening value of the U.S. dollar versus the Japanese yen," Tarantino said. "Also, the widely reported fire at a major Japanese resin supplier to the DRAM industry exacerbated the situation by causing spot market prices to rise sharply. It is uncertain what effect this will have on the supply or price of DRAMs."
 Late in the first quarter Dataram announced price increases to recover the higher DRAM costs. However, this action had little impact on first quarter results. As the company enters the second quarter, order flow remains strong. "Looking ahead, we foresee continuing turbulence in DRAM pricing and availability," Tarantino stated. "However, Dataram is capitalizing on its long-standing relationship with DRAM suppliers to maximize the availability of supplies."
 DATARAM CORPORATION AND SUBSIDIARIES
 Consolidated Summary Information
 (In thousands, except per-share amounts)
 Quarter ended July 31 1993 1992
 Revenues $19,111 $10,508
 Net earnings:
 Before cumulative effect of
 change in accounting principle 506 176
 Cumulative effect of
 change in accounting principle 118 ---
 Net earnings 624 176
 Net earnings per share:
 Before cumulative effect of
 change in accounting principle $.13 $.05
 Cumulative effect of
 change in accounting principle .03 ---
 Net earnings per share .16 .05
 Average shares outstanding 3,969 3,883
 /delval/
 -0- 8/11/93
 /CONTACT: Bernard L. Riley, vp-finance of Dataram, 609-799-0071/
 (DTM)


CO: Dataram Corporation ST: New Jersey IN: CPR SU: ERN

MP-LJ -- PH002 -- 1513 08/11/93 08:41 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
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