Exhibit 11.01 ALLIANCE SEMICONDUCTOR CORPORATION COMPUTATION OF NET INCOME (LOSS) PER SHARE AND COMMON EQUIVALENT SHARES Quarter Ended June 30, 1997 1996 -------------------- --------------------- (in thousands, except per share data) Net income (loss).................................. $1,108 $(10,035) ====== ========= Weighted average number of common shares outstanding during the quarter................. 38,999 38,416 Weighted-average common stock equivalents (calculated using the "treasury stock" method) representing shares issuable upon exercise of employee stockoptions..................... 2,043 ----- ------ Weighted-average common shares and equivalents..... 41,042 38,416 ====== ======== Net income (loss) per share........................ $ 0.03 $ (0.26) ====== ======== 18