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Exhibit 11:
TranSwitch Corporation
Computation of Earnings per Share (1)(2)
(Unaudited)
(in thousands, except per share data)
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<CAPTION>
Three Months Ended Nine Months Ended
September 30, September 30,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Basic earnings per share:
Net income $ 9,135 $ 9,957 $23,561 $17,759
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Weighted average number of common shares
outstanding during the period 82,151 78,119 81,134 75,749
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Basic earnings per share $ 0.11 $ 0.13 $ 0.29 $ 0.23
======= ======= ======= =======
Diluted earnings per share:
Net income $ 9,135 $ 9,957 $23,561 $17,759
Interest on convertible debt, net of tax 621 -- 621 --
------- ------- ------- -------
Adjusted net income $ 9,756 $ 9,957 $24,182 $17,759
======= ======= ======= =======
Weighted average number of common shares
outstanding during the period 82,151 78,119 81,134 75,749
Common stock issuable with respect to:
Conversion of notes 2,476 -- 825 --
Stock options 6,666 6,286 6,230 6,727
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Adjusted weighted average number of shares 91,293 84,405 88,189 82,476
outstanding during the period ======= ======= ======= =======
Diluted earnings per share $ 0.11 $ 0.12 $ 0.27 $ 0.22
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(1) This exhibit should be read in connection with "Consolidated Statement of
Stockholders' Equity" in Note 6 of Notes to Unaudited Consolidated
Financial Statements.
(2) Share and per share data reflect the three-for-two stock split effective
June 8, 1999, the three-for-two stock split effective January 10, 2000, and
the two-for-one stock split effective August 10, 2000. All share and per
share amounts have been retroactively restated for these stock splits.
