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DATARAM REPORTS FOURTH QUARTER RESULTS

 PRINCETON, N.J., May 26 /PRNewswire/ -- Dataram Corporation (AMEX: DTM), a developer, manufacturer and marketer of quality computer memory products, today reported financial results for the fourth quarter and full year of fiscal 1993.
 Revenues for the fourth quarter ended April 30, 1993, were $20.5 million, a 62 percent increase over the $12.6 million reported for the comparable prior year period. Net earnings were $1.3 million, or $.34 per share, 29 percent above the $1.0 million, or $.27 per share, earnings achieved in the year earlier period.
 For the full fiscal year ended April 30, 1993, revenues rose 46 percent to $58.6 million, compared to the $40.2 million recorded in fiscal 1992. Fiscal 1993 net earnings were $3.0 million, or $.76 per share, compared to net earnings of $3.0 million, or $.79 per share, for the last fiscal year.
 Robert V. Tarantino, president and chief executive officer, attributed Dataram's strong gains in revenues for both the fourth quarter and full fiscal year to sustained demand for the company's third-party add-in memory products distributed primarily to the workstation and minicomputer markets. However, competitive pricing pressures and higher prices for memory chips, a major product component, prevented net earnings from keeping pace with the healthy gains in revenues.
 "Since memory chips are the significant component of manufacturing costs, higher chip prices have negatively affected margins," Tarantino remarked. "The near term direction of chip prices is not at all clear at this time. Nonetheless, our strong unit volume positions us positively as we enter fiscal 1994."
 Tarantino cited two factors for the substantial improvement in fourth quarter results -- the introduction of several new, higher-margin memory products and the financial problems of a major competitor, which closed its manufacturing operations. "We will continue being first to market with innovative third-party products which are more profitable for us. We picked up a substantial amount of our competitor's business, although many of their products carried lower margins," he stated. Tarantino said the business environment -- both in the U.S. and abroad -- continues to be favorable. "Dataram strengthened an already formidable position in its niche markets during fiscal 1993 by sustaining an ambitious new product program and enhancing its domestic distribution capabilities through agreements with three major distributors," he remarked. The company also envisions considerable opportunities in foreign markets.
 "We have put in place a formidable operation overseas, particularly in Western Europe, to complement our U.S. activities and we expect to see favorable results in the future," Tarantino said. "As we enter fiscal 1994, we are optimistic about achieving a successful year. The degree of our success will depend in part on the future price of memory chips."
 DATARAM CORPORATION AND SUBSIDIARIES
 Consolidated Summary Information
 (In thousands, except per-share amounts)
 Periods ended Quarter 12 months
 April 30 1993 1992 1993 1992
 Revenues $20,482 $12,625 $58,564 $40,166
 Net earnings 1,333 1,033 3,018 3,033
 Net earnings per share $.34 $.27 $.76 $.79
 Average shares outstanding 3,961 3,879 3,952 3,861
 /delval/
 -0- 5/26/93
 /CONTACT: Bernard L. Riley, vp-finance of Dataram, 609-799-0071/
 (DTM)


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

MP-MK -- PH004 -- 2305 05/26/93 08:33 EDT
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Publication:PR Newswire
Date:May 26, 1993
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