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EXHIBIT 11.1
APPLIEDTHEORY CORPORATION AND SUBSIDIARIES
CALCULATION OF LOSS PER SHARE (UNAUDITED) (1)
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<CAPTION>
THREE MONTHS ENDED
SEPT. 30, 2000
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<S> <C>
Weighted average shares outstanding:
Common stock:
Shares outstanding at beginning of period 24,424,628
Weighted average shares issued during three months
ended September 30, 2000 (410,566 shares) 397,425
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24,822,053
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Net loss $ (14,224,369)
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Loss per share attributable to common stockholders $ (0.57)
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(1) For a discussion of loss per share, see Note D of the Notes to the
Financial Statements provided in Part I, Item 1 of our Form 10-Q for the
period ended September 30, 2000.