EXHIBIT 11.1
SBE, Inc.
Computation of earnings per share
for the three years ended October 31
Years ended October 31
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1998 1997 1996
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Basic earnings per share:
Net income (loss) $380,349 $3,333,181 ($9,624,503)
Weighted average number of common
shares outstanding during the year 2,666,707 2,501,786 2,131,593
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Number of shares for computation of
net income (loss) per share 2,666,707 2,501,786 2,131,593
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Basic earnings (loss) per share $0.14 $1.33 ($4.51)
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Diluted earnings per share:
Weighted average number of common
shares outstanding during the year 2,666,707 2,501,786 2,131,593
Assumed issuance of stock under the
employee and non-employee stock
option plans 224,033 201,637 (a)
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Number of shares for computation of
net income (loss) per share 2,890,740 2,703,423 2,131,593
============ ============ ============
Diluted earnings (loss) per share $0.13 $1.23 ($4.51)
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(a) In loss years common share equivalents would have an anti dilutive effect
on (loss) per share and therefore have been excluded.
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