ALLIANCE SEMICONDUCTOR CORPORATION COMPUTATION OF NET INCOME (LOSS) PER SHARE AND COMMON EQUIVALENT SHARES (in thousands, except per share data) (unaudited) Three Months Ended Six Months Ended September 30, September 30, 1996 1995 1996 1995 ------------- ------------- ------------- ------------- Net income (loss) $ (2,455) $ 20,045 ($12,490) $ 34,963 ======== ======== ======== ======== Weighted average number of common shares outstanding during the period 38,483 37,752 38,450 37,658 Weighted-average common stock equivalents (calculated using the "treasury stock" method) representing shares issuable upon exercise of employee stock options -- 3,774 -- 3,848 -------- -------- -------- -------- Weighted-average common shares and equivalents 38,483 41,526 38,450 41,506 ======== ======== ======== ======== Net income (loss) per share ($ 0.06) $ 0.48 ($ 0.32) $ 0.84 ======== ======== ======== ========