Exhibit 11.1
CONNER PERIPHERALS, INC.
(11.1) - STATEMENT RE: COMPUTATION OF EARNINGS/(LOSS) PER SHARE
(In Thousands, Except Per Share Data)
Three months ended Nine months ended
September 30, September 30,
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1994 1993 1994 1993
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Primary:
Weighted average shares
outstanding 51,800 49,410 51,393 49,089
Net effect of dilutive
stock options 409 N/A 782 N/A
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Total 52,209 49,410 52,175 49,089
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Net income/(loss) $10,230 $(372,400) $65,504 $(453,769)
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Earnings/(loss) per share $ 0.20 $ (7.54) $ 1.26 $ (9.24)
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Fully diluted:
Weighted average shares
outstanding 51,800 49,410 51,393 49,089
Net effect of dilutive
stock options 409 N/A 790 N/A
Assumed conversion of:
6.75% Subordinated
Convertible Debentures N/A N/A 7,931 N/A
6.5% Subordinated
Convertible Debentures N/A N/A 14,375 N/A
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Total 52,209 49,410 74,489 49,089
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Net income/(loss) $10,230 $(372,400) $65,504 $(453,769)
Add:
6.75% Subordinated
Convertible Debenture
interest, net of income
taxes N/A N/A 6,870 N/A
6.5% Subordinated
Convertible Debenture
interest, net of income
taxes N/A N/A 9,923 N/A
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Total $10,230 $(372,400) $82,297 $(453,769)
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Earnings/(loss) per share $ 0.20 $ (7.54) $ 1.10 $ (9.24)
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____________________
N/A - not applicable, item is anti-dilutive and therefore excluded from the
calculation of earnings/(loss) per share