1 EXHIBIT 11. MUSTANG SOFTWARE, INC. COMPUTATION OF EARNINGS PER SHARE (In thousands, except earnings per share) (Unaudited) - - ----------------------------------------------------------------------------- Three Months Ended Six Months Ended June 30, June 30, 1995 1996 1995 1996 - - --------------------------------------------------------------------------------------------- Weighted average number of common shares outstanding 3,356 3,363 2,731 3,361 Common stock equivlents from outstanding stock options 0 0 0 0 - - -------------------------------------------------------------------------------------------- Average common and common stock equivalents outstanding 3,356 3,363 2,731 3,361 ============================================================================================== Net Income $(117) $ (649) $ (106) $(1,300) 	 ============================================================================================== Earnings per share (1) $(.03) $ (.19) $ (.04) $ (.39) ============================================================================================== (1) Fully diluted earnings per share have not been presented because the effects are not material. - - -----------------------------------------------------------------------------