Exhibit 11.1 STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE (In Thousands Except Per Share Amounts) Basic Diluted(1) ----- ---------- Year ended December 31, 1997 Weighted average shares outstanding.................... 11,834 Effect of dilutive common stock equivalents(1)......... -- N/A ------ Weighted average shares outstanding for EPS purposes... 11,834 Net loss...............................................$(36,959) ------ Net loss per share (2).................................$ (3.12) ====== (1) As of December 31, 1997, options to purchase 1,875,377 shares of common stock were outstanding. As the Company had a net loss for the year ended December 31, 1997, the diluted earnings per share is not applicable.