Princeton, New Jersey-based Dataram Corp has put on hold, for the indefinite future, any further consideration of a public offering of 1.2m shares – it had said in May it was considering the offering; reporting profits down about 65%, the company also said that its profit margins have declined because it was forced to drop prices to keep up with competitors keen on gaining a foothold in the workstation market; the competitors were lured to that market by its long-term potential and rapid growth, and to protect market share, it was forced to adjust prices; despite this, business remained brisk, and it attributed the earnings drop to the competitive pricing pressures for memory products sold to the workstation market; it remained debt-free and had increased working capital by 25% from July 31, 1991.
