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EXHIBIT 11
VALUEVISION INTERNATIONAL, INC. AND SUBSIDIARIES
Computation of Net Income (Loss) Per Common Share
Three Months Ended April 30,
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1998 1997
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Net income (loss) $ 11,280,230 $ (1,761,237)
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Weighted average number of common
shares outstanding 26,780,778 32,949,056
Shares assumed to be issued upon the
exercise of common stock options and
warrants under the treasury stock method 96,609 -
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Weighted average number of common
and dilutive shares outstanding 26,877,387 32,949,056
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Net income (loss) per common share $ 0.42 $ (0.05)
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Net income (loss) per common share-
assuming dilution $ 0.42 $ (0.05)
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