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EXHIBIT 11.1
COMPUTATION OF NET INCOME PER COMMON SHARE
(in thousands, except per share amounts)
Three Months Ended Six Months Ended
September 30, September 30,
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1996 1995 1996 1995
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Weighted average common shares outstanding 11,710 7,926 11,706 7,926
Dilutive effect of stock options 1,041 1,302 1,088 1,290
Mandatorily redeemable common stock issued
to Adobe Ventures, L.P. on July 21, 1995 -- 204 -- 204
Mandatorily redeemable convertible preferred
stock -- 1,057 -- 1,057
Dilutive effect of warrants 171 178 197 116
Number of shares used to compute net income
per share 12,922 10,667 12,991 10,593
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Net income $ 758 $ 225 $ 309 $ 804
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Net income per share $ 0.06 $ 0.02 $ 0.02 $ 0.08
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