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EXHIBIT 11
PROXIMA CORPORATION
STATEMENT RE: COMPUTATION OF EARNINGS (LOSS) PER SHARE
YEAR ENDED MARCH 31,
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1995 1996 1997
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Weighted average number of common shares outstanding..... 6,100,000 6,541,000 7,036,000
Assumed exercise of outstanding stock options(1)......... 747,000 528,000 185,000
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Weighted average common and common equivalent shares
(primary).............................................. 6,847,000 7,069,000 7,221,000
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Assumed additional exercise of outstanding stock options
for fully diluted shares............................... 59,000 -- --
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Weighted average common and common equivalent shares
(fully diluted)........................................ 6,906,000 7,069,000 7,221,000
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Net income (loss)........................................ $13,109,000 $9,690,000 $(9,540,000)
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Primary earnings (loss) per share(2)..................... $1.91 $1.37 $(1.36)
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Fully diluted earnings (loss) per share.................. $1.90 $1.37 ($1.36)
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(1) Computed utilizing the treasury stock method.
(2) Fully diluted earnings per share is not materially different from primary
earnings per share for fiscal years ended March 31, 1995 and 1996. For the
fiscal year ended March 31, 1997, for which the assumed exercise of
outstanding stock options would be antidilutive, loss per share is
calculated using the weighted average number of common shares outstanding.