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Exhibit 11.1
USWEB CORPORATION
CALCULATION OF NET
LOSS PER SHARE
(In thousands, except per share
amounts)
(Unaudited)
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Three months ended
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Six months ended
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1999 |
1998 |
1999 |
1998 |
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Net loss | $ (22,573) |
$ (61,112) |
$ (74,248) |
$ (76,367) |
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Weighted average common shares outstanding | 74,436 |
56,025 |
70,764 |
55,079 |
Shares deemed outstanding under stock bonus
arrangements for employees of acquired companies |
2,368 |
623 |
1,884 |
663 |
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Total weighted average common shares outstanding | 76,804 |
56,648 |
72,648 |
55,742 |
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Basic and diluted net loss per share | $ (0.29) |
$ (1.08) |
$ (1.02) |
$ (1.37) |
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Net loss per share is computed in accordance with SFAS No. 128, "Earnings Per Share," and SEC Staff Accounting Bulletin No. 98 for all periods presented. The computation excludes: (i) acquisition-related shares held in escrow, and (ii) Common Stock subject to repurchase rights. The computation of net loss and diluted supplemental net loss per share excludes Common Stock issuable upon exercise of certain employee stock options and upon exercise of certain outstanding warrants, as their effect is antidilutive.
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