1
EXHIBIT 11.0
SHIVA CORPORATION
COMPUTATION OF NET INCOME PER SHARE(1)
Three months ended Six months ended
--------------------------- ----------------------------
June 29, July 1, June 29, July 1,
1996 1995(2) 1996 1995(2)
----------- ----------- ----------- -----------
Weighted Average Common and
Common Equivalent Shares:
Weighted Average Common Shares
Outstanding During the Period 28,541,041 24,025,223 28,185,953 23,965,064
Weighted Average Common
Equivalent Shares 3,525,482 3,004,852 3,109,845 3,080,315
----------- ----------- ----------- -----------
32,066,523 27,030,075 31,295,798 27,045,379
=========== =========== =========== ===========
Net Income $ 4,975,000 $ 973,000 $ 9,314,000 $ 2,355,000
Primary Net Income Per Share $ 0.16 $ 0.04 $ 0.30 $ 0.09
<FN>
(1) Fully diluted net income per share has not been separately presented, as the amounts would not
be materially different from primary net income per share.
(2) Retroactively adjusted to reflect the one-for-one stock dividend on all shares of the Company's
common stock declared by the Company's Board of Directors on April 2, 1996. The stock dividend
was paid on April 22, 1996, to all stockholders of record on April 12, 1996.