EXHIBIT 11(a)
ULTICOM, INC. AND SUBSIDIARY
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE DATA)
<TABLE>
<CAPTION>
THREE MONTHS ENDED
JULY 31, 1999 JULY 31, 2000
<S> <C> <C>
Basic earnings per share:
Net income $ 361 $ 1,716
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Weighted average number of outstanding common shares 32,727 37,614
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Basic earnings per share $ .01 $ .05
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Diluted earnings per share:
Net income $ 361 $ 1,716
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Weighted average number of outstanding common shares 32,727 37,614
Additional shares assuming exercise of stock options 888 3,107
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Weighted average number of outstanding common shares
assuming full dilution 33,615 40,721
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Diluted earnings per share $ .01 $ .04
========= ==========
</TABLE>
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