Exhibit 11.01 ALLIANCE SEMICONDUCTOR CORPORATION COMPUTATION OF NET INCOME(LOSS) PER SHARE AND COMMON EQUIVALENT SHARES Three Months Ended Six Months Ended September 30, September 30, 1997 1996 1997 1996 -------- -------- -------- -------- (in thousands, except per (in thousands, except per share data) share data) Net income (loss) .............................................. ($ 4,551) ($ 2,455) ($ 3,443) ($12,490) ======== ======== ======== ======== Weighted average number of common shares outstanding during the period .............................. 39,175 38,483 39,087 38,450 Weighted-average common stock equivalents (calculated using the "treasury stock" method) representing shares issuable upon exercise of employee stock options .................................................... -- -- -- -- -------- -------- -------- -------- Weighted-average common shares and equivalents ................. 39,175 38,483 39,087 38,450 ======== ======== ======== ======== Net income (loss) per share .................................... ($ 0.12) ($ 0.06) ($ 0.09) ($ 0.32) ======== ======== ======== ======== 20