1 EXHIBIT 11.1 COMPUTATION OF NET INCOME PER COMMON SHARE (in thousands, except per share amounts) Three months ended June 30, --------------------- 1996 1995 -------- -------- Weighted average common shares outstanding 11,686 7,928 Dilutive effect of stock options -- 1,277 Mandatorily redeemable common stock issued to Adobe Ventures, L.P. on July 21, 1995 -- 204 Mandatorily redeemable convertible preferred stock -- 1,057 Dilutive effect of warrants -- 53 -------- -------- Number of shares used to compute net income per share 11,686 10,519 ======== ======== Net income (loss) ($ 449) $ 579 ======== ======== Net income (loss) per share ($ 0.04) $ 0.06 ======== ========