ULTICOM INC
10-Q, EX-11, 2000-06-14
TELEPHONE & TELEGRAPH APPARATUS
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                                                                      EXHIBIT 11

                          ULTICOM, INC. AND SUBSIDIARY

                 STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
                                   (UNAUDITED)
                      (IN THOUSANDS, EXCEPT PER SHARE DATA)
<TABLE>
<CAPTION>
                                                                                        THREE MONTHS ENDED
                                                                             APRIL 30, 1999            APRIL 30, 2000
<S>                                                                              <C>                   <C>
Basic earnings per share:

     Net income                                                                  $     251             $       961
                                                                                 =========             ===========

Weighted average number of outstanding common shares                                32,727                  34,100
                                                                                 =========             ===========

Basic earnings per share                                                         $    0.01             $      0.03
                                                                                 =========             ===========


Diluted earnings per share:

     Net income                                                                  $     251             $       961
                                                                                 =========             ===========


Weighted average number of outstanding common shares                                32,727                  34,100
Additional shares assuming exercise of stock options                                   807                   2,320
                                                                                 ---------             -----------


Weighted average number of outstanding common shares
     assuming full dilution                                                         33,534                  36,420
                                                                                 =========             ===========

Diluted earnings per share                                                       $    0.01             $      0.03
                                                                                 =========             ===========
</TABLE>

                            Page 15 of 15 Total Pages


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