EXHIBIT 11.1

                       Splash Technology Holdings, Inc.

                        COMPUTATION OF LOSS PER SHARE(1)
                    (in thousands, except per share amounts)



                                                          Five months
                                                             ended
                                                         -------------   
                                                         June 30, 1996
                                                         -------------   
                                                                 
Weighted average common shares                                   
 outstanding for the period                                           0   

Common equivalent shares pursuant
 to Staff Accounting Bulletin No. 83(2)

       Common equivalent shares deemed           
        outstanding from options to      
        acquire common stock deemed      
        converted using Modified Treasury 
        Stock Method                                      830 
                          
       Common equivalent shares outstanding      
        from conversion of preferred stock              1,741

       Common stock issued                              7,009

Number of shares used in computing
                                                                -------  
 Net loss per share                                               9,580
                                                                =======
  
Net loss                                                        (11,579)
Cumulative dividends accreted on preferred stock                   (365)
                                                                -------
Adjusted net loss                                               (11,944)
                                                                =======

Net loss per share                                               $(1.25)
                                                                =======  


________________________
(1)  This exhibit presents the primary and fully diluted computations of income
     and loss per share.  There is no difference in the per-share amounts when
     applying either method.

(2)  Common shares issued by the Company during the twelve months immediately
     proceeding the initial public offering date plus the number of common
     equivalent shares which were issued during the same period pursuant to the
     grant of stock options (using the treasury stock method and proposed
     offering price) have been included in the calculation of common equivalent
     shares pursuant to Securities and Exchange Commission Staff Accounting
     Bulletin (SAB) No. 83.