PRINCETON, N.J.--Sept. 5, 2006
--Dataram Corporation (NASDAQ: DRAM) today reported that on August 30, 2006, the Company entered into a settlement agreement with a DRAM manufacturer whereby the manufacturer has paid the Company $2,300,000. In return, the Company has committed to not to participate in, and affirmatively to opt out of, any class actions that have been or in the future may be brought against the manufacturer by reason of or in any way arising out of a specified litigation, as defined in the agreement.
The $2,300,000 payment will be recorded as other income in the Company's second fiscal quarter ended October 31, 2006 and will contribute approximately $0.16 per diluted share to the Company's fiscal second quarter net earnings.
ABOUT DATARAM CORPORATION
Dataram is a worldwide leader in the design and manufacture of high capacity, reliable and innovative memory solutions. With over 39 years of experience, Dataram provides customized memory solutions for OEMs and compatible memory for leading brands including HP, Dell, IBM, SGI, Sun Microsystems and Intel. For more information about Dataram, visit www.dataram.com