Exhibit 11 COMPUTATION OF EARNINGS (LOSS) PER SHARE FROM CONTINUING OPERATIONS YEAR ENDED JUNE 30, 1999 1998 1997 (IN THOUSANDS, EXCEPT PER SHARE DATA) NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS APPLICABLE TO COMMON STOCK $(3,438,000) $ (624,000) $ (509,000) AVERAGE COMMON SHARES OUTSTANDING 1,514,436 1,581,014 1,647,723 AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING 1,548,844 1,600,327 1,647,723 EARNING PER COMMON SHARE Basic $ (2.27) $ (0.39) $ (0.31) Diluted (1) $ (2.27) $ (0.39) $ (0.31) (1) The effect of potentially dilutive stock options has not been computed because the effect would be anti-dilutive.