EXHIBIT 11.1
<TABLE>
<CAPTION>
SBE, INC.
STATEMENTS OF COMPUTATION OF NET INCOME (LOSS) PER SHARE
FOR THE THREE AND SIX MONTHS ENDED APRIL 30, 2000 AND 1999
(In thousands, except per share amounts)
(Unaudited)
Three months ended Six months ended
April 30, April 30,
------------------- ------------------
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
BASIC
Weighted average number of
common shares outstanding 2,863 2,870 2,840 2,846
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Number of shares for computation of
net income (loss) per share 2,863 2,870 2,840 2,846
======= ======= ======= =======
Net income (loss) $1,666 $ (172) $2,743 $1,058
======= ======= ======= =======
Net income (loss) per share $ 0.58 $ 0.06) $ 0.97 $ 0.37
======= ======= ======= =======
DILUTED
Weighted average number of
common shares outstanding 2,863 2,870 2,840 2,846
Shares issuable pursuant to options granted
under stock option plans, less assumed
repurchase at the average fair market value
for the period 497 (a) 258 161
------- ------- ------- -------
Number of shares for computation of
net income (loss) per share 3,360 2,870 3,098 3,007
======= ======= ======= =======
Net income (loss) $1,666 $ (172) $2,743 $1,058
======= ======= ======= =======
Net income (loss) per share $ 0.50 $(0.06) $ 0.89 $ 0.35
======= ======= ======= =======
<FN>
(a) In loss periods, common share equivalents would have an antidilutive
effect on loss per share and therefore have been excluded.
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