EXHIBIT 11.1
LYCOS, INC.
COMPUTATION OF SHARES USED IN COMPUTING BASIC AND DILUTED NET LOSS PER SHARE (1)
YEAR ENDED JULY 31,
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1998 1997 1996
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(restated)
Net loss.................. $ (28,439,484) $ (6,619,190) $ (5,087,838)
BASIC AND DILUTED NET LOSS
PER SHARE (2):
Weighted average common
shares outstanding...... 30,932,982 27,589,486 23,984,830
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Shares used in computing
per share amount........ 30,932,982 27,589,486 23,984,830
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Basic and Diluted net loss
per share............... $ (0.92) $ (0.24) $ (0.21)
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(1) Diluted net loss per share has not been separately presented, as the amounts
would not be materially different from basic net loss per share.
(2) On June 10, 1998, 2,250,000 of the Company's shares were sold under a
registration statement filed with the Securities Exchange Commission, filed
on May 15, 1998. Of the 2,250,000 shares sold, 2,000,000 shares were sold by
the Company and 250,000 were sold by CMG Information Services, Inc.
("CMGI"). The Company did not receive any proceeds from the sale of shares
by CMGI. Proceeds to the Company were approximately $95 million, before
deduction of expenses payable by the Company, estimated at $350,000. The
Underwriters exercised an option to purchase 337,500 additional shares of
Common Stock, resulting in additional proceeds to the Company of
approximately $16 million.