Exhibit 11
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Exhibit 11
STATEMENT RE: COMPUTATION OF
PER SHARE EARNINGS
YEAR ENDED OCTOBER 31,
----------------------
1995 1994 1993
-------------------- ---------------------- ----------------------
Fully Fully Fully
(in thousands, except per share amount) Primary Diluted Primary Diluted Primary Diluted
Net income (loss) ...................... $ 204 $ 204 $ (5,791) $ (5,791) $ (21,144) $ (21,144)
========== ========= ========== ========== ========== ==========
Weighted average common
shares outstanding ................ 5,418 5,418 5,407 5,407 5,438 5,438
Assumed issuances under stock
option plans<F1> .................. 118 164 -- -- -- --
---------- --------- ---------- ---------- ---------- ---------
5,536 5,582 5,407 5,407 5,438 5,438
========== ========= ========== ========== ========== =========
Earnings (loss) per common share ....... $ .04 $ .04 $ (1.07) $ (1.07) $ (3.89) $ (3.89)
========== ========= ========== ========== ========== ==========
<FN>
<F1>NO ASSUMED ISSUANCES UNDER STOCK OPTION PLANS WERE MADE IN 1994 AND 1993
BECAUSE SUCH ISSUANCES WOULD HAVE BEEN ANTI-DILUTIVE.
</FN>