EXHIBIT 11.01

                 STATEMENT RE COMPUTATION OF EARNINGS PER SHARE

     The calculation of earnings per share are detailed in the table below:

<TABLE>
<CAPTION>
                                                             THREE MONTHS ENDED               NINE MONTHS ENDED
                                                                  MARCH 31,                        MARCH 31,
EARNINGS                                                   1999            1998             1999           1998
<S>                                                   <C>             <C>              <C>            <C>      
Net income ($ in thousands)                                 $22          $2,380             $768         $3,534
                                                      =========       =========        =========      =========
     WEIGHTED AVERAGE NUMBER OF SHARES
Outstanding common stock during the period            4,976,883       4,000,000        4,954,106      4,000,000
                                                      ---------       ---------        ---------      ---------
Effect of dilutive stock options                         43,670               -           24,206              -
                                                      ---------       ---------        ---------      ---------
DILUTED WEIGHTED AVERAGE NUMBER OF SHARES             5,020,553       4,000,000        4,978,312      4,000,000
                                                      =========       =========        =========      =========
Basic earnings per share                                  $0.00           $0.60            $0.15          $0.88
                                                      =========       =========        =========      =========
Diluted earning per share                                 $0.00           $0.60            $0.15          $0.88
                                                      =========       =========        =========      =========
</TABLE>


     No stock options were issued during the three-month  period ended March 31,
1999.  During the  nine-month  period ended March 31, 1999,  the Company  issued
options to purchase 35,000 shares of its common stock at exercise prices ranging
from  $9.1875 to $11.00.  The above  dilutive  earnings  per share  calculations
exclude  the effect of  options to  purchase  20,000  shares of common  stock at
$11.00 per share in the three-month and nine-month  period ended March 31, 1999,
due to the fact they were  anti-dilutive.  The nine-month period ended March 31,
1999,  reflects  only a  pro-rata  impact of all  options as such  options  were
anti-dilutive  in the first quarter of fiscal 1999.  Also see Note 10 related to
contingently issuable shares related to an acquisition. The effect of contingent
shares related to the guaranteed  earn-out amount not paid at the closing of the
Sunbelt  acquisition  and the effect of  satisfactory  completion of part of the
first  contingent  earn-out  has been  included in the above basic  earnings per
share calculations.  The effect of part of the first contingent earn-out dealing
with employment of some key employees has been included in diluted  earnings per
share.  However,  the remainder of the first contingent  earn-out and all of the
second  contingent  earn-out are not included,  as the conditions  necessary for
such contingent  shares to be issued have not been met as of March 31, 1999. The
weighted average number of shares used in the 1998 periods reflect a retroactive
adjustment to assume the 4,000,000 shares issued in January 1998 in exchange for
the shares of European Micro Plc that were  outstanding for the complete periods
in 1998.