EXHIBIT 11
ODS NETWORKS, INC.
COMPUTATIONS OF PER SHARE EARNINGS
(In thousands, except per share amounts)
Three Months Ended
March 31,
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1997 1996
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PRIMARY
Weighted average common shares
outstanding 16,360 16,194
Net effect of dilutive stock
options and warrants based
on the treasury stock
method using
average market price - 671
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Weighted average common and
common equivalent shares
outstanding 16,360 16,865
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Net income (loss) $(1,178) $ 3,494
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Net income (loss) per share $ (0.07) $ .21
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FULLY DILUTED*
Weighted average common shares
outstanding 16,360 16,194
Net effect of dilutive stock
options and warrants based
on the treasury stock method
using the year-end market
price, if higher than
average market price - 671
------- -------
Weighted average common and
common equivalent shares
outstanding 16,360 16,865
------- -------
------- -------
Net income (loss) $(1,178) $ 3,494
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Net income (loss) per share $ (0.07) $ .21
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* Fully diluted earnings per share is not presented in the Consolidated
Statements of Income as the resulting dilution is less than 3% of primary
earnings per share.
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