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Exhibit 11(a)
Blue Wave Systems Inc.
Computation of Per Share Net Income (Loss)
(in thousands, except per share amounts)
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Three Months Ended
September 30,
2000 1999
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Basic Net Income (Loss) Per Share:
Net income (loss) applicable to common stock $ (495) $ 272
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Weighted average shares outstanding 15,707 13,639
Basic net income (loss) per share $ (0.03) $ 0.02
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Diluted Net Income (Loss) Per Share:
Weighted average shares outstanding 15,707 13,639
Effect of common stock equivalents:
Options granted and warrants issued N/A 1,148
Weighted average exercised options outstanding for portion of period,
net of equivalent shares purchased at average fair market value N/A 1
Effect of using option and warrant proceeds to repurchase common
stock at average fair market value N/A (735)
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Other dilutive securities - 414
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Weighted average diluted shares outstanding 15,707 14,053
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Diluted net income (loss) per share $ (0.03) $ 0.02
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