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, 1999 1998 1999 1998 - - ------------------------------------------------------------------------------ Weighted average number of common shares outstanding 4,592 3,451 4,417 3,434 Common stock equivlents from outstanding stock options 0 0 0 0 - - ------------------------------------------------------------------------------ Average common and common stock equivalents outstanding 4,592 3,451 4,417 3,434 ================================================================================ Net Income $(113) $ (303) $ (103) $ (747) ================================================================================ Earnings per share (1) $(.02) $ (.09) $ (.02) $ (.22) ================================================================================ (1) Fully diluted earnings per share have not been presented because the effects are not material. - - -----------------------------------------------------------------------------