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DATARAM REPORTS THIRD QUARTER RESULTS

 PRINCETON, N.J., Feb. 12 /PRNewswire/ -- Dataram Corporation (AMEX: DTM), a developer, manufacturer and marketer of quality computer memory products, today reported financial results for the third quarter and nine months of fiscal 1993.
 Revenues for the third quarter ended Jan. 31, 1993, were $14.1 million vs. $11 million for the comparable prior-year period. Net earnings were $620,000 or $.16 per share, compared to $952,000 or $.25 per share for the year-earlier period.
 For the nine-month period ended Jan. 31, 1993, revenues totalled $38.1 million vs. $27.5 million for the comparable prior-year period. Net earnings were $1,685,000 or $.43 per share, vs. $2 million or $.52 per share for the year-earlier period.
 Strong demand for the company's memory products produced the healthy increase in revenues, according to Robert V. Tarantino, president and chief executive officer.
 "Although we are pleased by the continuing acceptance of Dataram's products in a highly competitive marketplace, earnings did not keep pace with revenue increases due to a combination of increased raw material costs and a higher percentage of lower-margin products in our product mix," he stated.
 Tarantino said Dataram -- as well as the entire industry -- is paying higher prices for memory chips, a central product component. Price increases implemented by memory chip manufacturers followed an Oct. 21, 1992, preliminary ruling by the U.S. Commerce Department citing Korean chip producers with selling products in the United States at below home-market prices. In addition, Tarantino said Dataram derived larger-than-expected third quarter sales from lower-margin products which affected operating results.
 Tarantino cited two developments which augur well for the future. "Several new products will begin shipping in the fourth quarter which provide higher margins," he said. "But more significant, from a long- range strategic perspective, is that we are expanding aggressively throughout Western Europe."
 The January 1993 appointment of Bernard Remy as director of European Marketing Operations culminates several years of building a European infrastructure to market Dataram's add-in memory products abroad, Tarantino remarked. Remy, who previously worked for Digital Equipment Corporation in memory marketing, has 17 years of experience in European operations and plans to quickly establish Dataram as a formidable presence in major European markets. Remy is based in the company's newly established Munich office.
 DATARAM CORPORATION AND SUBSIDIARIES
 Consolidated Summary Information
 (In thousands, except per-share amounts)
 Periods ended Quarter Nine months
 Jan. 31 1993 1992 1993 1992
 Revenues $14,091 $10,994 $38,081 $27,540
 Net earnings 620 952 1,685 2,000
 Net earnings per share $.16 $.25 $.43 $.52
 Average shares outstanding 3,996 3,818 3,944 3,825
 /delval/
 -0- 2/12/93
 /CONTACT: Bernard L. Riley, vp-finance of Dataram, 609-799-0071/
 (DTM)


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

MK-LJ -- PH002 -- 6025 02/12/93 08:28 EST
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Publication:PR Newswire
Date:Feb 12, 1993
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