EXHIBIT 11.01 --- COMPUTATION OF PER SHARE LOSS
(IN THOUSANDS, EXCEPT PER SHARE DATA)
1996 1995 1994
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Primary:
Average shares outstanding 21,251 15,049 13,598
Net effect of dilutive stock options -
based on the treasury stock method
using average market price - - -
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Totals 21,251 15,049 13,598
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Net loss ($975) $(131,742) $ (77,475)
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Per share amount $(0.05) $ (8.75) $ (5.70)
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Fully diluted:
Average shares outstanding 21,251 15,049 13,598
Net effect of dilutive stock options -
based on the treasury stock method
using quarter end market price
which is greater than average
market price - - -
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Totals 21,251 15,049 13,598
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Net loss $ (975) $(131,742) $ (77,475)
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Per share amount $(0.05) $ (8.75) $ (5.70)
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* The primary net loss per share is shown in the statements of operations.
Net loss per share under the primary and fully diluted calculations are
equivalent.