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Previous: GABRIEL COMMUNICATIONS INC /DE/, S-4, EX-10.14, 2000-07-10 |
Next: GABRIEL COMMUNICATIONS INC /DE/, S-4, EX-21.1, 2000-07-10 |
<PAGE> 1
Exhibit 11.1
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
A reconciliation of the number of shares used in the calculation of
basic and diluted earnings per share and the calculated amounts of
earnings per share follows:
<TABLE>
<CAPTION>
PERIOD FROM
JUNE 15,1998 THREE MONTHS
(INCEPTION) TO DECEMBER 31, YEAR ENDED DECEMBER 31, ENDING MARCH 31,
1998 1999 2000
----------------------- ----------------------- ------------
<S> <C> <C> <C>
Shares outstanding -- beginning of period ......... -- 5,200,000 5,469,200
Weighted average number of common shares
issued ............................................. 3,550,755 122,409 298,889
----------- ----------- ---------
Weighted average number of common shares outstanding
-- end of period ................................... 3,550,755 5,332,409 5,768,089
Dilutive effect of employee stock options .......... -- -- --
----------- ----------- ---------
Diluted shares outstanding.......................... 3,550,755 5,332,409 5,768,089
=========== =========== =========
Net Loss (in thousands)............................. $ (567) $ (17,296) $ (9,220)
=========== =========== =========
Basic and diluted earnings per common share ........ $ (0.16) $ (3.25) $ (1.60)
=========== =========== =========
</TABLE>
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