World Wireless Communications, Inc.
Computation of Weighted Average Common and Common Equivalent Shares Outstanding
For the Nine Months Ended September 30, 1997
Date No. Days Weighted
Issued Issued to Shares Outstanding Average
--------------------------------------------------------------------------------------------
Common stock Equivalents
--------------------------------------
Date C/S
Granted Days Equivalents
--------------------------------------
Balance 12-31-96 5,663,000 273 5,663,000
01/15/97 Cash private placement 557,857 258 527,206 01/15/97 0 0
01/15/97 Conversion of debt 5,630 258 5,321 12/31/96 15 309
02/12/97 Cash private placement 500,000 230 421,245 02/12/97 0 0
02/12/97 Digital Radio acquisition 1,798,100 230 1,514,883 02/12/97 0 0
03/06/97 Exercise of Warrants 500,000 208 380,952 02/12/97 22 40,293
04/23/97 Cash private placement 500,000 160 293,040 04/23/97 0 0
08/08197 Cash private placement 500,000 53 97,070 08/08/97 0 0
08/08/97 Exercise of DRCC stock options 10,513 53 2,041 02/12/97 177 6,816
08/26/97 Exercise of DRCC stock options 139 35 18 02/12/97 195 99
---------- --- ----------
Common shares 10,035,239 8,904,776
==========
09/30/97 Stock options 258,000 12/01/96 273 258,000
09/30/97 Stock options 150,000 01/15/97 258 141,758
09/30/97 Stock options - Remaining DRCC 191,248 02/12/97 230 161,125
-------
Common equivalent shares 608,401 608,401
=======
Weighted Average Common and Common
Equivalent Shares Outstanding 9,513,177
Net Loss (9,493,135)
----------
Net Loss Per Common and Common Equivalent Share (1 .00)
----------
World Wireless Communications, Inc.
Computation of Weighted Average Common and Common Equivalent Shares Outstanding
For the Nine Months Ended September 30, 1996
Date No. Days Weighted
Issued Issued to Shares Outstanding Average
--------------------------------------------------------------------------------------------
Common stock Equivalents
--------------------------------------
Date C/S
Granted Days Equivalents
--------------------------------------
Balance 12-31-95 1,132,140 274 1,132,140
03/28/96 Debt conversion 1,892,860 186 1,284,934 12/29/95 88 607,926
03/15/96 Private placement 200,000 199 145,255 03/15/96 0 0
04/25/96 Private placement 12,900 158 7,439 04/25/96 0 0
05/02/96 Private placement 6,200 151 3,417 05/02/96 0 0
05/21/96 Private placement 75,000 132 36,131 05/21/96 0 0
05/21/96 Private placement 5,900 132 2,842 05/21/96 0 0
04/15/96 Services 7,000 168 4,292 12/01/95 106 2,708
06/30/96 Unit offering 22,220 92 7,461 06/30/96 0 0
09/30/96 Unit offering 234,160 0 0 09/30/96 0 0
------- ---- --------
Common shares 3,588,380 2,623,911
=========
09/30/96 Debt conversion 350,000 06/30/96 92 117,518
09/30/96 Debt conversion 730,000 09/30/96 0 0
-------
Common equivalent shares 728,152 728,152
------- =======
Weighted Average Common and Common
Equivalent Shares Outstanding 3,352,063
Net Loss (885,066)
---------
Net Loss Per Common and Common Equivalent Share (0.26)
=========
World Wireless Communications, Inc.
Computation of Weighted Average Common and Common Equivalent Shares Outstanding
For the Year Ended December 31, 1996
Date No. Days Weighted
Issued Issued to Shares Outstanding Average
--------------------------------------------------------------------------------------------
Common stock Equivalents
--------------------------------------
Date C/S
Granted Days Equivalents
--------------------------------------
Balance 12-31-95 1,132,140 366 1,132,140
03/28/96 Debt conversion 1,892,860 278 1,437,746 12/29/95 88 455,114
03/15/96 Private placement 200,000 291 159,016 03/15/96 0 0
04/25/96 Private placement 12,900 250 8,811 04/25/96 0 0
05/02/96 Private placement 6,200 243 4,116 05/02/96 0 0
05/21/96 Private placement 75,000 224 45,902 05/21/96 0 0
05/21/96 Private placement 5,900 224 3,611 05/21/96 0 0
04/15/96 Services 7,000 260 4,973 12/01/95 106 2,027
06/30/96 Unit offering 22,220 184 11,171 06/30/96 0 0
09/30/96 Unit offering 234,160 92 58,860 09/30/96 0 0
12/30/96 Unit offering 343,620 1 939 12/30/96 0 0
10/16/96 Debt conversion 350,000 76 72,678 06/30/96 108 103,279
11/08/96 Debt conversion 730,000 53 105,710 09/30/96 39 77,787
12/17/96 Debt conversion 120,000 14 4,590 12/17/96 0 0
12/17/96 For interest on debt conv. 11,000 14 421 06/30/96 170 5,109
10/28/96 ECA Acquis. Services 520,000 64 90,929 10/28/96 0 0
--------- ---------
Common shares 5,663,000 3,141,613
=========
12/31/96 Stock options 258,000 12/01/96 30 21,148
-------
Common equivalent shares 664,464 664,464
---------- =======
Weighted Average Common and Common
Equivalent Shares Outstanding 3,806,077
----------
Net Loss (3,236,657)
==========
Net Loss Per Common and Common Equivalent Share (0.85)
===========
World Wireless Communications, Inc.
Computation of Weighted Average Common and Common Equivalent Shares
Outstanding For the Period From April 10, 1995 (Date of Inception) Through
December 31, 1995
Date No. Days Weighted
Issued Issued to Shares Outstanding Average
----------------------------------------------------------------------------------------
04/10/95 Dan Maxwell 420,000 265 420,000
04/10/95 Gary Christiansen 600,000 265 600,000
06/01/95 Lawrence John 30,000 213 24,113
09/29/95 Peterson cash 30,303 93 10,635
09/29/95 Peterson services 25,795 93 9,052
10/09/95 Peterson cash 30,303 83 9,491
10/09/95 Peterson services 25,795 83 8,079
10/13/95 Peterson cash 63,636 79 18,971
10/13/95 Peterson services 54,169 79 16,148
05/05/95 Christiansen - cash (13,383) 240 (12,120)
05/17/95 Christiansen - cash (20,074) 228 (17,272)
07/11/95 Christiansen - cash (4,461) 173 (2,912)
07/18/95 Christiansen - cash (4,461) 166 (2,794)
09/29/95 Christiansen - DataGrowth (22,305) 93 (7,828)
10/09/95 Christiansen - DataGrowth (22,305) 83 (6,986)
10/13/95 Christiansen - DataGrowth (46,840) 79 (13,964)
11/15/95 Christiansen - Robsal (111,524) 46 (19,359)
11/15/95 Christiansen - Note (354,647) 46 (61,561)
11/16/95 Dixon & Salaman - cash pmt 15,152 45 2,573
11/16/95 Dixon & Salaman - fee 91,988 45 15,621
11/15/95 Jonathan Rahn - services 320,000 46 55,547
11/16/95 Dixon - fee 25,000 45 4,245
--------- ----------
1,132,140
=========
Weighted Average Shares Outstanding 1,049,679
Net Loss (270,736)
----------
Net Loss Per Common Share (0.26)
==========