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Exhibit 11
VALUEVISION INTERNATIONAL, INC. AND SUBSIDIARIES
Computation of Net Income Per Share
Three Months Ended July 31,
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1997 1996
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Net income $21,058,532 $ 145,444
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Weighted average number of common
shares outstanding 27,987,192 29,576,724
Shares assumed to be issued upon the
exercise of common stock options and
warrants under the treasury stock method 3,965,521 -
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Weighted average number of common
shares and common equivalent shares
outstanding 31,952,713 29,576,724
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Net income per common and dilutive
common equivalent shares $ 0.66 $ 0.00
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Six Months Ended July 31,
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1997 1996
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Net income $19,297,295 $16,598,854
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Weighted average number of common
shares outstanding 28,384,121 29,464,430
Shares assumed to be issued upon the
exercise of common stock options and
warrants under the treasury stock method 4,146,721 532,146
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Weighted average number of common
shares and common equivalent shares
outstanding 32,530,842 29,996,576
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Net income per common and dilutive
common equivalent shares $ 0.59 $ 0.55
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