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FOR IMMEDIATE RELEASE                  CONTACT:   Mark Maddocks
                                        Vice-President, Finance
                                      Telephone: (609) 799-0071


                  DATARAM REPORTS RECORD EARNINGS

     PRINCETON, NJ,  August 6, 1998 -- Dataram Corporation 
(Amex: DTM) more than doubled net earnings for the first 
quarter of fiscal 1999, Robert V. Tarantino, president and 
chief executive officer, announced today. Tarantino attributed 
the strong performance to a favorable high-end product mix,  a 
broadened customer base and ongoing customer acceptance of new 
products.

     For the first quarter ended July 31, 1998, net earnings 
rose 112 percent to $1,417,000, or $.46 per share versus 
$669,000, or $.21 per share for last year's comparable quarter. 
Revenues totaled $17.8 million versus $18.1 million in the 
prior period.

     Tarantino said Dataram is continuing to benefit from 
investments which have enhanced the Company's operating 
infrastructure during the past year and from its focus on 
gigabyte memory upgrades for workstations and network servers.

     "Our sales/distribution network, which consist of 
distributors, independent resellers and Dataram's in house 
sales professionals, is increasing the number of corporate 
customers utilizing our memory upgrades to enhance computer 
performance in business, engineering and Internet 
applications," Tarantino stated.  "Capitalizing on 

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Dataram Earnings Release - Page 2


our three decades plus of memory experience, we have maintained 
our first to market advantage with leading edge, high-capacity 
products which command favorable margins."

     The Company is continuing to invest in its automated 
production facility, adding state-of-the-art equipment as 
necessary to maintain our ability to cost effectively produce 
today's more complex memory products.  "Business remains 
strong, " Tarantino declared.  "We have recently entered into 
sales agreements with several substantial business partners and 
intend to continue to aggressively expand our customer base. 
Our license agreements with Sun Microsystems, Inc. and Silicon 
Graphics, Inc. will continue to generate increased demand for 
our products in these markets."

     In assessing the markets in which the Company operates and 
its strong position in these markets, we are confident of 
successful financial performance in fiscal 1999.

     Dataram Corporation is a leading provider of gigabyte 
memory upgrades for workstations and network servers and 
specializes in the manufacture of large-capacity memory boards 
for Compaq, Digital, Hewlett-Packard, IBM, Silicon Graphics and 
Sun Microsystems computers. 



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Dataram Earnings Release - Page 3


Safe Harbor Statement

     The information provided in this press release may include 
forward-looking statements relating to future events, such as 
the development of new products, the commencement of production 
or the future financial performance of the Company. Actual 
results may differ from such projections and are subject to 
certain risks including, without limitation, risks arising 
from: changes in the price of memory chips, changes in the 
demand for memory systems for workstations and servers, 
increased competition in the memory systems industry, delays in 
developing and commercializing new products and other factors 
described in the Company's most recent Annual Report on Form 
10-K filed with the Securities and Exchange Commission which 
can be reviewed at http://www.sec.gov.


              Dataram Corporation and Subsidiary
               Consolidated Summary Information
            (In thousands except per share amounts)
                          (Unaudited)   

                                     Quarter Ended
                                        July 31
                                1998                1997


Revenues                       $17,750             $18,147

Net Earnings                    $1,417                $669

Earnings Per Share
- -Basic                            $.51                $.22
- -Diluted                          $.46                $.21

Average Shares Outstanding
- -Basic                           2,781               3,054
- -Diluted                         3,063               3,199