1 EXHIBIT 11.
MUSTANG SOFTWARE, INC.
COMPUTATION OF EARNINGS PER SHARE
(In thousands, except earnings per share) (Unaudited)
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Three Months Ended
March 31,
2000 1999
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Weighted average common shares calculation - basic
Weighted average number of common shares and common
stock units outstanding 6,315 4,145
Common stock equivlents from outstanding stock options 0 0
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Average common and common stock equivalents outstanding 6,315 4,145
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Weighted average common and common equivalent share
calculation - diluted:
Weighted average number of common shares and common
stocks units outstanding 6,315 4,145
Dilutive effect of outstanding common stock options 388
Assuming conversion of Preferred Stock 451
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Weighted average common and common equivalent shares -
diluted 6,315 4,984
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Net Income (Loss) $(245) $ 10
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Net Earnings per share - Basic $(.04) $ .00
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Net Earnings per share - Diluted $(.04) $ .00 (1)
(1) Fully diluted earnings per share have not been presented because the effects
are not material.
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