Exhibit 11.1
ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES
COMPUTATION OF EARNINGS (LOSSES) PER SHARE
<TABLE>
<CAPTION>
2000 1999 1998
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<S> <C> <C> <C>
BASIC
Weighted average number of shares
outstanding 14,327,869 13,019,657 11,116,619
Net loss $(16,656,128) $(13,777,589) $(16,664,999)
BASIC NET LOSS PER SHARE $ (1.16) $ (1.06) $ (1.50)
============= ============= =============
DILUTED
Weighted average number of shares
outstanding 14,327,869 13,019,657 11,116,619
Weighted average shares for dilutive
securities - - -
Average number of shares
outstanding and potential
dilutive shares 14,327,869 13,019,657 11,116,619
Net loss $(16,656,128) $(13,777,589) $(16,664,999)
DILUTED NET LOSS PER SHARE $ (1.16) $ (1.06) $ (1.50)
============= ============= =============
</TABLE>