EXHIBIT 11.1 COMPUTATION OF EARNINGS PER SHARE (in thousands, except per share amounts) 1999 1998 1997 ---- ---- ---- Basic: Average shares outstanding .................. 103,267 N/A N/A Net income (loss) after conversion .......... ($10,905,261) N/A N/A Per share amount ............................ ($105.60) N/A N/A Diluted: Average shares outstanding .................. 103,267 N/A N/A Net effect of dilutive stock options based on the treasury stock method using the average market price .............. -- N/A N/A Total ............................................ 103,267 N/A N/A Net income (loss) after conversion ............... ($10,905,261) N/A N/A Per share amount ................................. ($105.60) N/A N/A