Exhibit 11.1 SPECTRIAN CORPORATION AND SUBSIDIARIES COMPUTATION OF NET INCOME (LOSS) PER SHARE (In thousands, except per share data) Years ended March 31, 1997 1996 1995 ------- ------- ------- Net income (loss) $(3,991) $ 5,480 $ 5,473 ======= ======= ======= Weighted average number of shares outstanding used in computation: Common stock 8,152 7,702 4,679 Preferred stock -- -- 1,469 Common stock equivalents as a result of stock options outstanding (1) -- 491 1,147 Staff Accounting Bulletin No. 83 - stock options -- -- 58 Staff Accounting Bulletin No. 83 - preferred shares -- -- 82 ------- ------- ------- Shares use in computing per share amounts 8,152 8,193 7,435 ======= ======= ======= Net income (loss) per share $ (0.49) $ 0.67 $ 0.74 <FN> (1) The modified treasury stock method was used when shares obtainable exceeded 20% of the aggregate of Common and Preferred Stock outstanding at the end of the period. The assumed reduced interest expense resulting from the application of this method is immaterial. </FN>