$netstat -anp | grep :80 | grep TIME_WAIT | wc -l  
840 
$netstat -anp |grep :80 | grep ESTABLISHED | wc -l 
50

memory usage : 850MB / 1000MB

apache2.conf contains..

<IfModule mpm_prefork_module>
    StartServers          5
    MinSpareServers       5
    MaxSpareServers      10
    MaxClients          150
    MaxRequestsPerChild   0
</IfModule>

<IfModule mpm_worker_module>
    StartServers          2
    MinSpareThreads      25
    MaxSpareThreads      75
    ThreadLimit          64
    ThreadsPerChild      25
    MaxClients          150
    MaxRequestsPerChild   0
</IfModule>

<IfModule mpm_event_module>
    StartServers          2
    MaxClients          150
    MinSpareThreads      25
    MaxSpareThreads      75
    ThreadLimit          64
    ThreadsPerChild      25
    MaxRequestsPerChild   0
</IfModule>

Are there any configuration changes that can help me or its just my RAM the bottleneck here?
Urgent help needed..!!