$/nofolio
EXHIBIT 11.2
NEWBRIDGE NETWORKS CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(Accounting principles generally accepted in the United States)
(Canadian dollars, amounts in thousands except per share data)
(Unaudited)
Fiscal quarters ended Three fiscal quarters ended
--------------------- ---------------------------
Jan 30, Jan 31, Jan 30, Jan 31,
2000 1999 2000 1999
--------- -------- --------- --------
Net earnings (loss) - U.S. GAAP
Net earnings (loss), as reported, Cdn GAAP $(274,646) $120,119 $ 74,349 $208,953
Write off of purchased research and
development in process (81,238) -- (135,667) --
Amortization of purchased research and
development in process, Cdn GAAP 40,475 -- 56,617 --
--------- -------- --------- --------
Net earnings (loss), U.S. GAAP $(315,409) $120,119 $ (4,701) $208,953
========= ======== ========= ========
Earnings (loss) per share (U.S. GAAP - Basic)
Net earnings (loss) $(315,409) $120,119 $ (4,701) $208,953
========= ======== ========= ========
Weighted average number of Common
Shares outstanding during the period 181,406 177,596 180,889 176,814
========= ======== ========= ========
Earnings (loss) per share (U.S. GAAP) $(1.74) $0.68 $(0.03) $1.18
========= ======== ========= ========
Earnings (loss) per share (U.S. GAAP- Diluted)
Net earnings (loss) $(315,409) $120,119 $ (4,701) $208,953
========= ======== ========= ========
Weighted average number of Common Shares
outstanding during the period 181,406 177,596 180,889 176,814
Net effect of dilutive stock options
based on the treasury stock method -- 4,434 -- --
--------- -------- --------- --------
Weighted average number of Common
Shares and equivalents outstanding
during the period 181,406 182,030 180,889 176,814
========= ======== ========= ========
Earnings (loss) per share (U.S. GAAP) $ (1.74) $ 0.66 $ (0.03) $ 1.18
========= ======== ========= =======