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,
1999 1998
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Weighted average common shares calculation - basic
Weighted average number of common shares and common
stock units outstanding 4,145 3,418
Common stock equivlents from outstanding stock options 0 0
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Average common and common stock equivalents outstanding 4,145 3,418
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Weighted average common and common equivalent share
calculation - diluted:
Weighted average number of common shares and common
stocks units outstanding 4,145 3,418
Dilutive effect of outstanding common stock options 388 0
Assuming conversion of Preferred Stock 451 0
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Weighted average common and common equivalent shares -
diluted 4,984 3,418
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Net Income $ 10 $ (444)
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Net Earnings per share - Basic $ .00 $ (.13)
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Net Earnings per share - Diluted $ .00 $ (.13) (1)
(1) Fully diluted earnings per share have not been presented because the effects
are not material.
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