**EXHIBIT 11**

 

# **COMPUTATION OF EARNINGS PER SHARE**

(inthousands, except per share data)

 

 

(a) Computation of the weighted averagenumber of shares of common stock outstanding for the fiscal years ended October31, 1993, 1994, 1995, 1996, 1997, 1998, 1999 and the two-month period endedDecember 31, 1999, and the years ended December 31, 2000, and 2001.

 
|                                                                                          |   | **Shares  of  Common Stock** |   | **Weighted  Shares  Outstanding** |   |
|-----------------------------------------------------------------------------------------------|--------|------------------------------|--------|-----------------------------------|--------|
| **1994**                                                                                      |   |                         |   |                              |   |
| November 1, 1993 to October 31, 1994                                                          |   | 9,233                   |   | 9,233                             |   |
| Shares issued in connection with the February  28, 1994 Stock Exchange                        |   | 392                          |   | 263                               |   |
| Shares purchased by a member of senior management in connection with  the Digilog acquisition |   | 10                           |   | 3                                 |   |
| Total                                                                                         |   | 9,635                        |   | 9,499                             |   |
| **1995**                                                                                      |   |                         |   |                              |   |
| November 1, 1994 to October 31, 1995                                                          |   | 9,635                        |   | 9,635                             |   |
| Shares issued in connection with public offering                                              |   | 1,875                        |   | 961                               |   |
| Shares issued in connection with the underwriters exercise of an over  allotment option       |   | 88                      |   | 37                                |   |
| Total                                                                                         |   | 11,598                       |   | 10,633                            |   |
| **1996**                                                                                      |   |                         |   |                              |   |
| November 1, 1995 to October 31, 1996                                                          |   | 11,598                       |   | 11,598                            |   |
| Shares acquired and held in treasury                                                          |   | (310                         | )      | (66                               | )      |
| Total                                                                                         |   | 11,288                       |   | 11,532                            |   |
| **1997**                                                                                      |   |                         |   |                              |   |
| November 11, 1996 to October 31, 1997                                                         |   | 11,288                       |   | 11,288                            |   |
| Shares acquired and held in treasury                                                          |   | (375                         | )      | (211                              | )      |
| Total                                                                                         |   | 10,913                       |   | 11,077                            |   |
| **1998**                                                                                      |   |                         |   |                              |   |
| November 1, 1997 to October 31, 1998                                                          |   | 10,913                       |   | 10,913                            |   |
| Shares acquired and held in treasury                                                          |   | (338                    | )      | (95                               | )      |
| Total                                                                                         |   | 10,575                       |   | 10,818                            |   |
| **1999**                                                                                      |   |                         |   |                              |   |
| November 1, 1998 to October 31, 1999                                                          |   | 10,575                       |   | 10,818                            |   |
| Shares acquired and held in treasury                                                          |   | (232                    | )      | (440                              | )      |
| Total                                                                                         |   | 10,343                       |   | 10,378                            |   |
| **December 31, 1999**                                                                         |   |                         |   |                              |   |
| November 1, 1999 to December 31, 1999                                                         |   | 10,343                       |   | 10,378                            |   |
| Shares acquired and held in treasury                                                          |   | —                       |   | (35                               | )      |
| Total                                                                                         |   | 10,343                       |   | 10,343                            |   |
| **2000**                                                                                      |   |                         |   |                              |   |
| January 1, 2000 to December 31, 2000                                                          |   | 10,343                       |   | 10,343                            |   |
| Shares issued  on exercise of  stock options and warrants                                |   | 548                          |   | 399                               |   |
| Shares acquired and held in treasury                                                          |   | (500                         | )      | (230                              | )      |
| Total                                                                                         |   | 10,391                       |   | 10,512                            |   |
| **2001**                                                                                      |   |                         |   |                              |   |
| January 1, 2001 to December 31, 2001                                                          |   | 10,391                       |   | 10,391                            |   |
| Shares issued  on exercise of  stock options                                             |   | 105                          |   | 43                                |   |
| Shares issued  under Directors  Stock Plan                                               |   | 1                            |   | 1                                 |   |
| Shares issued in connection with the July 6, 2001 Broadband Networks,  Inc. Stock Exchange    |   | 23                           |   | 11                                |   |
| Total                                                                                         |   | 10,520                       |   | 10,446                            |   |

 

E-1

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# **COMPUTATION OF EARNINGS PER SHARE**

(inthousands, except per share data)

# ** **

 

# **(b) Computation of Earnings perShare**

 

Computation ofearnings per share is net (loss) income divided by the weighted average numberof shares of common stock outstanding for the fiscal years ended October 31,1993, 1994, 1995, 1996, 1997, 1998, 1999, the two-month period ended December31, 1999, and the years ended December 31, 2000, and 2001.

 
|                                                          |   | **1994** |   | **1995** |   | **1996** |   | **1997** |   | **1998** |   | **1999** |   | **December  31,1999** |    | **2000** |   | **2001** |   |
|---------------------------------------------------------------|--------|----------|--------|----------|--------|----------|--------|----------|--------|----------|--------|----------|--------|-----------------------|---------|----------|--------|----------|--------|
| Net earnings (loss)                                           |   | $        | 8,975  |     | $      | 8,164    |   | $        | (5,590 | )        | $      | 3,596    |   | $                     | (11,203 | )        | $      | (1,617   | )      | $ | 9,911 |   | $ | (4,200 | ) | $ | (3,382 | ) |
| Weighted average number of shares of common stock outstanding |   | 9,499    |   | 10,633   |   | 11,532   |   | 11,077   |   | 10,818   |   | 10,378   |   | 10,343                |    | 10,512   |   | 10,446   |   |
| Basic earnings (loss) per   share                        |   | $        | 0.95   |     | $      | 0.76     |   | $        | (0.48  | )        | $      | (0.32    | )      | $                     | (1.04   | )        | $      | (0.16    | )      | $ | 0.96 |   | $ | (0.40 | ) | $ | (0.32 | ) |
| Diluted earnings (loss) per share                             |   | n/a      |   | n/a      |   | n/a      |   | n/a      |   | $        | (1.04  | )        | $      | (0.16                 | )       | $        | 0.85   |     | $      | (0.40 | ) | $ | (0.32 | ) |
|                                                               |        |          |        |          |        |          |        |          |        |          |        |          |        |                       |         |          |        |          |        |  |  |  |  |  |  |  |  |  |  |

 

Note:  The Company adopted FAS 128 for the yearended October 31, 1998.  No restatementof prior year’s earnings per share was required.

 

E-2

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