EXHIBIT 11.1
<TABLE>
<CAPTION>
SBE, INC.
STATEMENTS OF COMPUTATION OF NET INCOME (LOSS) PER SHARE
FOR THE THREE AND NINE MONTHS ENDED JULY 31, 2000 AND 1999
(In thousands, except per share amounts)
(Unaudited)
Three months ended Nine months ended
July 31, July 31,
------------------ -------------------
2000 1999 2000 1999
------ ------ ------ ------
BASIC
<S> <C> <C> <C> <C>
Weighted average number of
common shares outstanding
3,238 3,100 3,141 3,054
------ ------ ------ ------
Number of shares for computation of
net income (loss) per share 3,238 3,100 3,141 3,054
====== ====== ====== ======
Net income (loss) $ 842 $ (573) $3,786 $ 389
====== ====== ====== ======
Net income (loss) per share $ 0.26 $(0.18) $ 1.21 $ 0.13
====== ====== ====== ======
DILUTED
Weighted average number of
common shares outstanding 3,238 3,100 3,141 3,054
Shares issuable pursuant to options granted
under stock option plans, less assumed
repurchase at the average fair market value
for the period 751 (a) 562 221
------ ------ ------ ------
Number of shares for computation of
net income (loss) per share 3,989 3,100 3,703 3,275
====== ====== ====== ======
Net income (loss) $ 842 $ (573) $3,786 $ 389
====== ====== ====== ======
Net income (loss) per share $ 0.21 $(0.18) $ 1.02 $ 0.12
====== ====== ====== ======
(a) In loss periods, common share equivalents would have an antidilutive
effect on loss per share and therefore have been excluded.
</TABLE>
16
