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 Two fiscal quarters ended
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Oct 31, Nov 1, Oct 31, Nov 1,
1999 1998 1999 1998
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Net earnings - U.S. GAAP
Net earnings, as reported, Cdn GAAP $301,709 $ 53,314 $348,995 $ 88,834
Write off of purchased research and
development in process (54,430) -- (54,430) --
Amortization of purchased research and
development in process, Cdn GAAP 16,142 -- 16,142 --
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Net earnings, U.S. GAAP $263,421 $ 53,314 $310,707 $ 88,834
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Earnings per share (U.S. GAAP - Basic)
Net earnings $263,421 $ 53,314 $310,707 $ 88,834
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Weighted average number of Common
Shares outstanding during the period 180,863 176,766 180,631 176,430
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Earnings per share (U.S. GAAP) $1.46 $0.30 $1.72 $0.50
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Earnings per share (U.S. GAAP- Diluted)
Net earnings $263,421 $ 53,314 $310,707 $ 88,834
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Weighted average number of Common Shares
outstanding during the period 180,863 176,766 180,631 176,430
Net effect of dilutive stock options
based on the treasury stock method 2,087 -- 2,642 4,233
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Weighted average number of Common
Shares and equivalents outstanding
during the period 182,950 176,766 183,273 180,633
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Earnings per share (U.S. GAAP) $ 1.44 $ 0.30 $ 1.70 $ 0.49
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