EXHIBIT 11
LYCOS, INC.
Computation of Net Loss Per Share (1)
Three Months Three Months
Ended Ended
October 31, October 31,
1996 1995
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Common stock, beginning of period 13,792,896 10,000,000
Weighted average common shares issued
during the period 91,533
Cheap stock shares relating to SAB No.
83(2) 987,957
Treasury stock buyback (2) (66,726)
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13,792,896 11,012,764
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Net loss $(2,758,992) $(279,513)
Primary net loss per share $(0.20) $(0.03)
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(1) Fully diluted net loss per share has not been separately presented, as the
amounts would not be materially different from primary net loss per share.
(2) In accordance with Securities and Exchange Commission Staff Accounting
Bulletin No. 83 ("SAB No. 83"), issuances of Common Stock equivalents
(common stock and stock options) during the twelve months immediately
preceeding the initial filing of the registration statement relating to the
Company's initial public offering have been included in the calculation of
weighted average shares, using the treasury stock method and the initial
public offering price, as if these shares were outstanding for all periods
prior to the initial public offering.