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, 1998 1997 1998 1997 - - --------------------------------------------------------------------------------------------- Weighted average number of common shares outstanding 3,451 3,384 3,435 3,379 Common stock equivlents from outstanding stock options 0 0 0 0 - - -------------------------------------------------------------------------------------------- Average common and common stock equivalents outstanding 3,451 3,384 3,435 3,379 ============================================================================================== Net Income $(303) $ (357) $ (747) $ (574) 	 ============================================================================================== Earnings per share (1) $(.09) $ (.11) $ (.22) $ (.17) ============================================================================================== (1) Fully diluted earnings per share have not been presented because the effects are not material. - - -----------------------------------------------------------------------------