Exhibit 11.1
PREMIERE TECHNOLOGIES, INC. AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF NET INCOME (LOSS) PER SHARE
FOR THE YEAR ENDED DECEMBER 31, 1998, 1997 AND 1996
(IN THOUSANDS)
For the Years Ended December 31
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1998 1997 1996
---------------------------- ---------------------------- -------------------------
Weighted Weighted Net Weighted Net
Average Net Loss Average Income Net Average Income
Net Loss Shares Per Share Net Loss Shares Per Share Income Shares Per Share
-------- -------- --------- -------- -------- --------- ------ -------- ---------
(in thousands, except per share data)
Net income (loss)....... $(74,206) -- $ -- $(25,375) -- $ -- $3,458 -- $ --
Less: Preferred stock
dividends.............. -- -- -- -- -- -- 29 -- --
-------- ------ ------ -------- ------ ------ ------ ------ -----
Basic net income
(loss)................. $(74,206) 44,325 $(1.67) $(25,375) 32,443 $(0.78) $3,429 27,670 $0.12
Dilutive Securities
Stock options.......... -- -- -- -- -- -- -- 3,618 0.01
Series A convertible
redeemable 8%
cumulative preferred
stock.................. -- -- -- -- -- -- -- -- --
-------- ------ ------ -------- ------ ------ ------ ------ -----
Diluted net income
(loss)................. $(74,206) 44,325 $(1.67) $(25,375) 32,443 $(0.78) $3,429 31,288 $0.11
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