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Volume 20, Number 11 -- March 21, 2011

Dataram Shrinks Losses in Q3 of Fiscal 2011

Published: March 21, 2011

by Timothy Prickett Morgan

Clone server memory maker and storage upstart Dataram has been tightening its belt and moving closer to profitability in its third quarter of fiscal 2011 ended January 31.

In the quarter, Dataram's overall sales fell by 3.3 percent, to $11.9 million. With research and development, stock compensation, and amortization costs all radically cut back, the company was able to cut losses in the quarter back to $839,000, which was a whole lot better than the $6.54 million loss it had in the year-ago period.

For the nine months of fiscal 2011 ended in January, Dataram's revenues are up by 10.6 percent, to $35.6 million. The company's losses for the nine months racked up to $3.8 million, significantly lower than the $9.13 million for the first nine months of the prior fiscal year.

John Freeman, Dataram's president and chief executive officer, said that the company was proceeding with its manufacturing plant consolidation, which was initiated last year in the wake of its acquisition of rival Micro Memory Bank in April 2009. That consolidation is expected to be completed by the end of this fiscal year and has already contributed to cost cutting in the company's core memory business. (Well, it's not a core memory business, of course. That technology went into the dustbin in the early 1970s, being replaced by DRAM.)

"We have taken the necessary actions to ensure that our memory solutions business is profitable and growing," explained Freeman in a statement." Our outlook for XcelaSAN is strong, particularly as High Availability functionality is now a reality."

Dataram announced the XcelaSAN Model 100 storage appliance at the end of February, which has high availability features such as redundant flash drives with mirrored RAID striping and UPS power protection. This HA version, which does not appear to have clustering of the storage arrays across multiple nodes, is shipping now.


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Micro Memory Bank: Another System i Clone Memory Maker

Dataram Sells Clone eServer i5, p5 Main Memory



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Editor: Timothy Prickett Morgan
Contributing Editors: Dan Burger, Joe Hertvik, Victor Rozek,
Jenny Thomas, Hesh Wiener, Alex Woodie
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TABLE OF CONTENTS
IBM Hikes Maintenance Fees on Power-Based Gear

IBM, Oracle to Build on i Solution Edition Momentum

Calculating the Risks on All Sides of the App Modernization Issue

As I See It: Rethinking the Resolution

IBM to Ride Growth Waves on Current Iron in 2011

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Judge Issues Protective Order in Maxava Versus Vision Solutions Suit . . . IBM Settles Lawsuit with SEC Over Shady Overseas Dealings . . . Participate in the IBM i Manifest EMEA Webcast on April 12 . . . Avnet Elevates Hamada to CEO Position . . . Dataram Shrinks Losses in Q3 of Fiscal 2011 . . .

The Four Hundred

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