Exhibit 11.0
NATIONAL SEMICONDUCTOR CORPORATION
CALCULATION OF EARNINGS PER SHARE-ASSUMING FULL DILUTION
(in millions, except per share amounts)
Year ended
---------------------------
May 28, May 29, May 30,
1995 1994 1993
------ ------ ------
Net income before cumulative
effect of accounting change $264.2 $259.1 $ 130.3
Cumulative effect of accounting change - 4.9 -
------- ------ -------
Net income $264.2 $264.0 $ 130.3
======= ====== =======
Number of shares:
Weighted average common shares
outstanding 121.4 113.0 107.4
Weighted average common equivalent shares 3.8 8.4 8.5
------- ------ ------
Weighted average common and common
equivalent shares 125.2 121.4 115.9
Additional weighted average common
equivalent shares assuming full dilution 0.1 0.4 0.5
Shares issuable from assumed
conversion of preferred shares 12.2 19.6 16.0
------- ----- ------
Weighted average common and common
equivalent shares - assuming full
dilution 137.5 141.4 132.4(1)
======= ===== ======
Earnings per share - assuming
full dilution before cumulative
effect of accounting change $ 1.92 $ 1.83 $ 0.98
Cumulative effect of accounting change - 0.04 -
------ ------ ------
Net income $ 1.92 $ 1.87 $ 0.98
======= ====== ======
______________________________________________
(1) For fiscal 1993, this calculation is submitted in accordance with
Regulation S-K Item 601 (b)(11) although it is contrary to paragraph 40
of APB Opinion No. 15 because it produces an anti-dilutive result.