Boston, MA 07/17/2013 (wallstreetpr) – Shares of Dataram Corporation (NASDAQ:DRAM) rallied 15.06% to close at $5.50 on Tuesday, July 16. The stock opened at $4.94 to see an intraday high of $6.19 and closed for the day at $5.50. The daily traded volume increased to 460,363 on Tuesday, as compared to an average of only 24,935 shares traded in last 90 trading sessions.
Dataram Corporation develops, manufactures and markets memory products with large capacity for use in workstations and network servers with high performance requirements. The Company provides memory solutions that are custom-made for original equipment manufacturers (OEMs) as well as compatible memory for computers produced by Dell Corporation (Dell), Sun Microsystems, Inc. (Sun), Hewlett-Packard Company (HP) and International Business Machines Corporation (IBM). Dataram Corporation also produces memory products for Intel, and for sale to other channel assemblers and OEMs. Memory products produced by the Company are sold all over the world to distributors, OEMs, end users and value-added re-sellers. In United States, Dataram Corporation has leased one manufacturing unit. The Company has its sales offices in Japan, United States and Europe.
Dataram Corporation proclaimed to have entered a formal contract with Advanced Micro Devices, Inc. in September 2012 for developing an AMD-branded version of Dataram’s RAMDisk software. This product is marketed as Radeon RAMDisk and targets the gaming fanatics who look for quicker loading of games and an improved gaming experience. AMD also offered exceptional Radeon RAMDisk incentives for the people who purchased their memory products such as AMD Value, Performance, Entertainment, and Radeon Edition.
Prior to this, in April 2012, Board of Directors of the Company approved an Open Market Repurchase Plan. As per this plan, Dataram Corporation gained authorization for repurchasing up to 1,000,000 outstanding shares and issued stock from its stockholders in the open market.
