Dataram Releases 2015 Annual Report and Shareholder Letter

#4 – Pursue Organic and Inorganic Growth
We are refocusing the business and emphasizing profitable growth.  We have launched Dataram's "Consult, Care and Customize" approach which has reaffirmed our strengths and improved our market position.  We are expanding relationships with existing customers and are continuing to establish relationships with new customers.  We are enhancing our sales capacity by hiring talent, engaging local resources, and working with partners in North America, Europe, and Asia. 

In addition to growing organically, we anticipate pursuing mergers and acquisitions, establishing partnerships, and developing alliances, where appropriate and financially beneficial (and profitable).  While we have no current plans in connection with the foregoing, we are asking our shareholders to approve the issuance of securities in one or more non-public offerings where the maximum discount at which securities will be offered will be equivalent to a discount of 30% below market price of our common stock in accordance with Nasdaq Marketplace Rule 5635(d) and an amendment to the Company's Certificate of Incorporation to increase the authorized number of shares of common stock and preferred stock to 100,000,000 shares from 54,000,000 shares and 15,000,000 shares from 5,000,000 shares, respectively, in order to provide management with more flexibility.    The majority of these investment funds and increase in authorized shares are intended to support the Company's pursuit of growth opportunities.

#5 – Improve Financial Performance
We will continue to reduce costs, increase transparency, improve compliance, and tighten controls.  While we have made great strides since late January – restructuring our organization, reducing our facility footprint, and reducing our operating costs – there is more to do as we transform Dataram.  We intend to refine our purchasing and supply management process, and streamline our manufacturing capabilities, while improving overall service to our customers.  We need to move quickly to anticipate and respond to shifts in the market, and in turn become even more flexible and agile.  We will continue to simplify – reduce complexity and increase agility – to become more competitive.  These actions will afford us the flexibility, speed, and focus to capitalize on market opportunities, to drive growth, and to enhance shareholder value.  This will also help us control costs and free up resources to invest in the four other priorities outlined above as part of a managed capital allocation process with the intent of maximizing our potential and helping ensure Dataram has the operational and financial scale to thrive.

In Closing
In the seven years between May 2008 and April 2015, Dataram lost an average of $4.7 million per year.  This was a bleak period in the Company's otherwise respectable history.  In January 2015, we took immediate, decisive, and aggressive actions to significantly improve business performance. We established ambitious goals and the Dataram team rose to the occasion.  Since late January, we have removed nearly $4.0 million in annual cash costs and established our "top 5" priorities for FY2016.

As we exit FY2015, we do so knowing that we have not only established a strong foundation from which to grow, but we have also reignited the entrepreneurial spirit upon which the Company was founded nearly 50 years ago.  In the last few months, we have demonstrated flexibility and nimbleness in the market, which our customers rightfully demand.  It is also imperative that we deliver quantifiable results to our Shareholders.  Failure is not an option.

We are reinventing ourselves, and look forward to a strong future.  By sustaining focus on our strategic priorities and aggressively managing their execution, we believe we will be able to deliver on our promises made in FY2015 and beyond.  It is darkest before the dawn, and the dawn has started to break.  We believe our best days are ahead of us.

Thank you for your continued support.

~ Dave

David A. Moylan
Chairman and Chief Executive Officer

About Dataram Corporation
Dataram is a leading independent manufacturer of memory products and provider of performance solutions that increase the performance and extend the useful life of servers, workstation, desktops and laptops sold by leading manufacturers such as Dell, Cisco, Fujitsu, HP, IBM, Lenovo and Oracle. Dataram's memory products and solutions are sold worldwide to OEMs, distributors, value-added resellers and end users. Additionally, Dataram manufactures and markets a line of Intel Approved memory products for sale to manufacturers and assemblers of embedded and original equipment. 70 Fortune 100 companies are powered by Dataram. Founded in 1967, the Company is a US based manufacturer, with presence in the United States, Europe and Asia. For more information about Dataram, visit www.dataram.com.

All names are trademarks or registered trademarks of their respective owners.

The information provided in this press release may include forward-looking statements relating to future events, such as the development of new products, pricing and availability of raw materials 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, order cancellations, delays in developing and commercializing new products and other factors described in the Company's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, filed with the Securities and Exchange Commission, which can be reviewed at  www.sec.gov.  The Company has based these forward-looking statements on its current expectations and assumptions about future events.  While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks, contingencies, and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control.  The Company does not assume any obligations to update any of these forward-looking statements.

Dataram Contact:
Jeffrey Goldenbaum
Director, Marketing
609.799.0071
Email Contact

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/dataram-releases-2015-annual-report-and-shareholder-letter-300178809.html

SOURCE Dataram Corporation

Contact:
Dataram Corporation
Web: http://www.dataram.com



« Previous Page 1 | 2             



Review Article Be the first to review this article

EMA:

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Retail Therapy: Jump starting Black Friday
Peggy AycinenaIP Showcase
by Peggy Aycinena
REUSE 2016: Addressing the Four Freedoms
More Editorial  
Jobs
AE-APPS SUPPORT/TMM for EDA Careers at San Jose-SOCAL-AZ, CA
ACCOUNT MANAGER MUNICH GERMANY EU for EDA Careers at MUNICH, Germany
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Manager, Field Applications Engineering for Real Intent at Sunnyvale, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Upcoming Events
Zuken Innovation World 2017, April 24 - 26, 2017, Hilton Head Marriott Resort & Spa in Hilton Head Island, SC at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017
CST Webinar Series



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy