EXHIBIT 11.1
SBE, INC.
STATEMENTS OF COMPUTATION OF NET INCOME (LOSS) PER SHARE
FOR THE THREE MONTHS ENDED JANUARY 31, 1999 AND 1998
(In thousands, except per share amounts)
(Unaudited)
Three months ended
January 31,
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1999 1998
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BASIC
Weighted average number of common shares outstanding 2,823 2,652
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Number of shares for computation of net income (loss) per share 2,823 2,652
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Net income (loss) $1,230 $ (469)
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Net income (loss) per share $ 0.44 $(0.18)
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DILUTED
Weighted average number of common shares outstanding 2,823 2,652
Shares issuable pursuant to options granted under
stock option plans, less assumed repurchase at the
ending fair market value for the period 207 (a)
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Number of shares for computation of net income (loss) per share 3,030 2,652
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Net income (loss) $1,230 $ (469)
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Net income (loss) per share $ 0.41 $(0.18)
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<FN>
(a) In loss years, common share equivalents would have an antidilutive effect on
loss per share and therefore have been excluded.
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