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EXHIBITS 11.1
METROCALL HOLDINGS, INC.
STATEMENT RECOMPUTATION OF EARNINGS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
(UNAUDITED)

|                                                      |                                                         |   |          |        |      |   |                     |         |                 |   |                   |        |                     |   |       |        |  
|----------------------------------------------------- | ------------------------------------------------------- | - | -------- | ------ | ---- | - | ------------------- | ------- | --------------- | - | ----------------- | ------ | ------------------- | - | ----- | ------ | -
|                                                      |                                                         |   |          |        |      |   | Predecessor Company |         |                 |   |                   |        | Reorganized Company
|                                                      |                                                         |   |          |        |      |   |                     |         | January 1, to   |   | October 8, to    
|                                                      |                                                         |   |          |        |      |   |                     |         | October 7, 2002 |   | December 31, 2002
|                                                      |                                                         |   |          |        |      |   |                    
|                                                      |                                                         |   | 2000     |        | 2001 |   |                     |         |                
|Net income/loss                                       |                                                         | $ | (214,554 | )      |      | $ | (612,809            | )       |                 | $ | 1,276,725         |        |                     | $ | 4,816 |       
|                                                      | Preferred dividends                                     |   |          | (9,816 | )    |   |                     | (10,391 | )               |   |                   | (4,855 | )                   |   |       | (2,679 | )
|                                                      | Gain on repurchased of Series B Preferred               |   |          |       |      |   |                     |        |                 |   |                   | (4,715 | )                   |   |       |       |  
|                                                      | Reorganization Item-Accretion of Liquidation Preference |   |          |       |      |   |                     |        |                 |   |                   |       |                     |   |       |       |  
|                                                      | Gain on Extinguishment of Preferred Stock               |   |          |       |      |   |                     |        |                 |   |                   | 80,346 |                     |   |       |       |  
|                                                      | Exchange inducment on Series C Preferred                |   |          | (6,308 | )    |   |                     |        |                 |   |                   |       |                     |   |       |       |  
|                                                      |                                                         |   |          |       
|Net income/(loss) attributable to common stockholders |                                                         | $ | (230,678 | )      |      | $ | (623,200            | )       |                 | $ | 1,347,501         |        |                     | $ | 2,137 |       
|                                                      |                                                         |   |          |       
|                                                      |                                                         |   |          |        |      |   |                     |         |                 |   |                   |        |                     |   |       |       
|Weighted-average shares outstanding:                  |                                                         |   |          |        |      |   |                     |         |                 |   |                   |        |                     |   |       |       
|                                                      | Shares outstanding, beginning of period                 |   |          | 41,901 |      |   |                     | 89,214  |                 |   |                   | 89,975 |                     |   |       | 991    |  
|                                                      | Shares issued to investors                              |   |          | 18,469 |      |   |                     |        |                 |   |                   |       |                     |   |       |       |  
|                                                      | Shares issued for exercise of stock options             |   |          | 418    |      |   |                     |        |                 |   |                   |       |                     |   |       |       |  
|                                                      | Shares issued for exercise of stock warrants            |   |          | 965    |      |   |                     |        |                 |   |                   |       |                     |   |       |       |  
|                                                      | Shares issued in exchange for Series C Preferred        |   |          | 10,453 |      |   |                     |        |                 |   |                   |       |                     |   |       |       |  
|                                                      | Shares issued for debt retirement                       |   |          | 4,464  |      |   |                     |        |                 |   |                   |       |                     |   |       |       |  
|                                                      | Shares issued in employee stock purchase plan           |   |          | 314    |      |   |                     | 761     |                 |   |                   |       |                     |   |       |       |  
|                                                      |                                                         |   |          |       
|                                                      | Weighted-average shares outstanding                     |   |          | 76,984 |      |   |                     | 89,975  |                 |   |                   | 89,975 |                     |   |       | 991    |  
|                                                      |                                                         |   |          |       
|                                                      | Loss per share attributable to common stockholders      |   | $        | (3.00  | )    |   | $                   | (6.93   | )               |   | $                 | 14.98  |                     |   | $     | 2.16   |  
|                                                      |                                                         |   |          |