SMART MODULAR TECHNOLOGIES ANNOUNCES MERGER WITH APEX DATA, INC.

PC Card Manufacturers Find Synergy In Joining Forces

FREMONT, CA -- June 12, 1995 -- Smart Modular Technologies (SMART) today
announced plans to merge with Apex Data, Inc. of Pleasanton, CA. Apex Data
is a PC card solutions leader in the mobile computing market who offers a
broad line of communications, connectivity and storage products.

"The SMART/Apex Data merger is very synergistic. The two companies have
similar business philosophies as well as complementary product lines,"
said Ajay Shah, president of SMART. "The combination of our companies
provide additional resources for the development of new, innovative
products and enhances our ability to be competitive in the growing PC card
marketplace."

"The merger of SMART and Apex Data, takes SMART's long term, extensive
experience in the manufacture of products for the memory market as well as
its growing presence in the PC card market and combines it with Apex's
strength and experience in the delivery of mobile computing products to
both the reseller and OEM channels," said John Chess, president of Apex
Data. "The merger will enable us to more quickly respond to and provide
mobile users with value-added PC card products that fulfill the needs and
requirements users have for mobile solutions today."

SMART, headquartered in Fremont, CA, was ranked as "the second fastest
growing private company in Silicon Valley during 1992 and 1993" by the San
Jose Business Journal, and saw a 321% increase in company revenues, with
current revenues well exceeding the $100 million mark. Founded in 1988,
the company is known for its expertise and significant presence in memory
manufacturing as well as for its line of high quality, easy-to-use mobile
communications solutions. SMART's PC card products include a voice mail
equipped fax/modem, a direct-connect cellular fax/modem, a V.34 28.8 kbps
fax/modem, a multifunction fax/modem/memory card for the HP 100 & 200 LX,
a serial interface card plus a standard 14.4 kbps fax modem and a line of
FLASH memory cards. All design, engineering and manufacturing for SMART's
products are done at the company's headquarters location.

Founded in 1992, Apex Data, Inc. is known for its line of data
communications products designed to meet the needs of the mobile computer
user. The company's range of PC card connectivity and wireless solutions
increase productivity for mobile computer users who wish to communicate
effectively from "the road". Apex Data's products offer essential
computing functions such as data transmission, network interface and other
desktop functionality. Included in the line up of PC card products from
Apex are landline and wireless data fax/modems, a combination fax/modem
and an Ethernet LAN card, Ethernet and Token Ring adapters and memory
products. Apex's products are utilized in mobile computers manufactured by
such industry leaders as IBM, Compaq and Toshiba.

The SMART/Apex Data merger is awaiting approval by the Securities Exchange
Commission (SEC), the California State Board of Corporations and existing
Apex shareholders. This process should be completed in 60 to 120 days.

ABOUT SMART MODULAR TECHNOLOGIES, INC.

SMART's line of PC card fax modems offer mobile users technology and
benefits they need most today. SMART's line of PC cards include:

* a state-of-the-art, high-speed V.34 fax modem designed for high
  performance, reliability and ultra-low notebook battery consumption;
* a voice mail-equipped fax modem for "on road, mobile" fax and voice
  mail capabilities;
* a direct-connect cellular fax modem that gives fax capabilities to
  cellular phone users as well as land line capabilities;
* a multifunction fax/modem/memory card that expands the capabilities
  of HP LX 100 & 200 palmtop computers;
* FLASH memory;
* serial line interfaces.

SMART was founded in 1988 and is privately held. The company is
headquartered in Fremont, CA, and has additional offices in the U.K. and
Switzerland.

For further information contact SMART Modular Technologies, Inc., 45531
Northport Loop West, Fremont, CA 94538. Telephone: (510) 623-1231 or (800)
5361231, Fax: (510) 623-1434.

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