QUANTUM CORPORATION
EXHIBIT 11
STATEMENT OF COMPUTATION OF EARNINGS PER SHARE
(In thousands except per share data) Year ended March 31,
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1996 1995 1994
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PRIMARY
Weighted average number of common
shares outstanding 51,841 45,401 43,341
Incremental common shares attributable
to outstanding options -* 1,918 1,626
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Total shares 51,841 47,319 44,967
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Net income (loss) $(90,456) $ 81,591 $ 2,674
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Net income (loss) per share $ (1.74) $ 1.72 $ .06
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FULLY DILUTED
Weighted average number of common
shares outstanding 51,841 45,401 43,341
Incremental common shares attributable to:
Outstanding options 3,011 1,929 1,759
6 3/8% convertible subordinated
debentures 8,129 11,708 11,708
5% convertible subordinated notes 1,302 - -
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Total shares 64,283 59,038 56,808
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Net income (loss):
Net income (loss) $(90,456) $ 81,591 $ 2,674
Add interest on convertible debt,
net of tax 6,957 8,128 8,128
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Adjusted net income (loss) $(83,499) $ 89,719 $ 10,802
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Net income (loss) per share $ (1.30)* $ 1.52 $ .19 *
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* The primary net income (loss) per share is shown in the statements of
operations for both primary and fully diluted, as the effect of the assumed
conversion of the subordinated debentures is anti-dilutive. For fiscal 1996,
the effect of common stock equivalents is also anti-dilutive for the primary
loss per share.