DATARAM

PRESS RELEASE

Dataram Contact:                  Investor Contact:
Mark Maddocks,                    Joe Zappulla
Chief Financial Officer           Wall Street Investor Relations Corp.
609-799-0071                      212-714-2445
info@dataram.com                  JZappulla@WallStreetIR.com

           DATARAM REPORTS THIRD QUARTER FINANCIAL RESULTS


              o  Company Reports Net Loss of $793,000
              o  Generates Free Cash Flow of $200,000

PRINCETON, N.J. February 19, 2003 -- Dataram Corporation (NASDAQ: DRAM)
today reported its financial results for the third quarter ended January 31,
2003. Revenues for the third quarter were $12.8 million.  This compares to
revenues of $14.0 million for the previous quarter and $19.6 million for the
third quarter of the previous fiscal year. The Company reported a net loss of
$793,000 or $0.09 per share for the quarter compared to a net loss of
$253,000 or  $0.03 per share in the second quarter of the current fiscal year
and a net loss of $4.8 million or $0.57 per share in the third quarter of
last fiscal year. The prior year's net loss included a one-time charge of
$5.3 million or $0.62 per share for intangible asset amortization.  Free cash
flow for the third quarter amounted to approximately $200,000.

Nine month revenues were $41.0 million compared to $61.4 million for the same
period of the prior fiscal year.  Nine month selling, general and
administrative costs declined $3.4 million or 21 percent from the comparable
prior year period, which is in line with the savings projected from the
Company's previously announced restructuring efforts.  Net loss for the first
nine months of the current fiscal year was $2.9 million or $0.34 per share
versus a loss of $6.4 million or $0.75 per share for the comparable period of
the prior fiscal year, which included the one-time intangible asset
amortization charge of $5.3 million.

Robert Tarantino, Dataram's president and CEO, commented,  "Third quarter
sales in the Pacific Rim and European markets were in line with our
expectations. However, sales in the U.S. market were lower than anticipated.
We attribute this to lowered levels of corporate spending on IT
infrastructure in January as corporate spending authorizations were being
deferred. Our efforts at managing costs relative to market demand enabled us
to confront these challenges and continue to generate free cash flow."

During the quarter, the Company introduced a number of new memory products to
the market, some of which were first to market, including memory for industry
leading and new generation servers from Hewlett-Packard, IBM, and Silicon
Graphics.  Dataram recently received CMTL's Advanced Memory Qualification for
the first "cost effective" one-gigabyte monolithic low-profile memory module.

During this fiscal year's third quarter, the Company announced the approval,
by its Board of Directors, of a new 500,000 share open market repurchase
program.  The Company purchased 25,800 shares of its common stock at a total
price of approximately $92,000 in the third quarter and will continue to
repurchase its shares in the current quarter.

Mark Maddocks, Dataram's CFO, added, "We continue to generate free cash flow
and our balance sheet remains strong. In the third quarter, we paid off
$500,000 in long term debt while increasing cash and equivalents by $500,000
to $3.1 million and we are presently debt free. We have increased our
inventory and accounts receivable turns. With a current ratio of 3.3, we
remain highly liquid."

Mr. Tarantino concluded, "We feel very confident in the operational areas we
can control or influence. Our ability to remain cash flow positive attests to
the success of our efforts to manage our business relative to the economic
environment.  As external factors play themselves out, we remain positioned
to grow our business profitability. Demand for server and workstation memory
will increase and we remain confident in our long-term prospects and in our
ability to weather the near-term uncertainty in the marketplace."

Dataram will conduct a conference call at 11:00 a.m. (EST) today to present
its third quarter financial results and to respond to investor questions.
Interested shareholders may participate in the call by dialing 888-633-8343
and providing the following reservation number: 21124373.  It is recommended
that participants call 10 minutes before the conference call is scheduled to
begin.  The conference call can also be accessed over the Internet through
Vcall at www.vcall.com.   A replay of the call will be available
approximately one hour after the completion of the conference call through
Vcall and for 24 hours by dialing 800-633-8284 or 402-977-9140 and entering
the reservation number listed above.

ABOUT DATARAM CORPORATION

Dataram Corporation, celebrating its 36th year in the computer industry, is a
leading provider of computer memory.  The Company offers a specialized line
of gigabyte-class memory for entry- to enterprise-level servers, workstations
and notebooks from Compaq, Dell, Fujitsu/Siemens, HP, IBM, Intel, SGI, Sun
and Toshiba. Additional information is available on the Internet at
www.dataram.com.

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, 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.

                           Financial Tables Follow





                    DATARAM CORPORATION AND SUBSIDIARIES
                    CONSOLIDATED STATEMENTS OF OPERATIONS
                   (In thousands, except per share amounts)
                                (Unaudited)

                              Three Months Ended         Nine Months Ended
                             1/31/2003   1/31/2002     1/31/2003   1/31/2002

Revenues                     $  12,758   $  19,646     $  41,010   $  61,389
Costs and expenses:
  Cost of sales                  9,286      12,547        29,796      40,224
  Engineering and development      375         438         1,156       1,446
  Selling, general and
    administrative               4,341       5,293        13,148      16,558
  Intangible asset amortization      0       5,263             0       5,856
  Restructuring charges              0           0           740       1,200
                             _________   _________     _________   _________
                                14,002      23,541        44,840      65,284

Loss from operations            (1,244)     (3,895)       (3,830)     (3,895)

Interest expense, net               (2)       (528)          (56)       (825)
                             _________   _________     _________   _________

Loss before income taxes        (1,246)     (4,423)       (3,886)     (4,720)

Income tax provision (benefit)    (453)        360        (1,017)      1,664
                             _________   _________     _________   _________

Net loss                     $    (793)  $  (4,783)    $  (2,869)  $  (6,384)
                             =========   =========     =========   =========

Net loss per share:
   Basic                     $   (0.09)  $   (0.57)    $   (0.34)  $   (0.75)
                             =========   =========     =========   =========
   Diluted                   $   (0.09)  $   (0.57)    $   (0.34)  $   (0.75)
                             =========   =========     =========   =========

Average number of shares outstanding:
  Basic                          8,510       8,454         8,499       8,486
                             =========   =========     =========   =========
  Diluted                        8,510       8,454         8,499       8,486
                             =========   =========     =========   =========





                     DATARAM CORPORATION AND SUBSIDIARIES
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                                (in thousands)



                                     (Unaudited)
                                   January 31, 2003            April 30, 2002
                                   ________________            ______________

ASSETS
Current assets:
    Cash and cash equivalents      $          3,097            $        3,656
    Trade receivables, net                    5,892                    12,177
    Inventories                               2,913                     5,435
    Other current assets                      1,861                       532
                                   ________________            ______________
    Total current assets                     13,763                    21,800

Property and equipment, net                   6,842                     9,210

Goodwill                                     11,144                    11,144

Other assets                                    481                       408
                                   ________________            ______________

                                   $         32,230            $       42,562
                                   ================            ==============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
    Accounts payable               $          2,720                     6,600
    Accrued liabilities                       1,398                     1,687
                                   ________________            ______________
    Total current liabilities                 4,118                     8,287

Deferred income taxes                           646                       647
Long-term debt                                    0                     3,800

Stockholders' equity                         27,466                    29,828
                                   ________________            ______________
                                   $         32,230            $       42,562
                                   ================            ==============