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, 1996 1997 1996 1997 - - --------------------------------------------------------------------------------------------- Weighted average number of common shares outstanding 3,363 3,384 3,361 3,379 Common stock equivlents from outstanding stock options 0 0 0 0 - - -------------------------------------------------------------------------------------------- Average common and common stock equivalents outstanding 3,363 3,384 3,361 3,379 ============================================================================================== Net Income $(649) $ (357) $ (1,300) $(574) ============================================================================================== Earnings per share (1) $(.19) $ (.11) $ (.39) $(.17) =============================================================================== (1) Fully diluted earnings per share have not been presented because the effects are not material. - - ------------------------------------------------------------------------------