USWEB CORP
10-Q, 1999-08-13
COMPUTER INTEGRATED SYSTEMS DESIGN
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Exhibit 11.1

USWEB CORPORATION

CALCULATION OF NET LOSS PER SHARE
(In thousands, except per share amounts)
(Unaudited)

Three months ended
June 30.

Six months ended
June 30,

 

1999

1998

1999

1998

Net loss

$ (22,573)

$ (61,112)

$ (74,248)

$ (76,367)

 



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 

 



Total weighted average common shares outstanding

76,804

56,648

72,648

55,742

 



Basic and diluted net loss per share

$ (0.29)

$ (1.08)

$ (1.02)

$ (1.37)

 



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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