**EXHIBIT11.1**

 

 

 

 

 

**META Group, Inc.**

 

**EXHIBIT TO QUARTERLY REPORT ON FORM 10-Q**

 

**Computation of Net Income Per Common Share**

 

** **
|                                                                                             |   | **T****hree  months ended** |       | **Nine months ended** |   |
|--------------------------------------------------------------------------------------------------|--------|-----------------------------|------------|-----------------------|--------|
|                                                                                             |   | **September 30,**           |       | **September 30,**     |   |
|                                                                                             |   | **2001**                    |       | **2000**              |   | **2001** |   | **2000** |   |
|                                                                                             |   |                        |       |                  |   |   |   |   |   |
| Income (loss) before cumulative  effect of change in accounting principle                        |   | $                           | (3,662,000 | )                     | $      | (2,468,000 | ) | $ | (4,584,000 | ) | $ | 1,930,000 |   |
|                                                                                             |   |                        |       |                  |   |   |   |   |   |
| Cumulative effect of change in accounting  principle                                             |   |                        |       |                  |   |   |   | $ | (2,438,000 | ) |
| Net loss                                                                                         |   | $                           | (3,662,000 | )                     | $      | (2,468,000 | ) | $ | (4,584,000 | ) | $ | (508,000 | ) |
|                                                                                             |   |                        |       |                  |   |   |   |   |   |
| Average number of common shares outstanding  during the period                                   |   | 12,829,922                  |       | 10,822,178            |   | 11,662,463 |   | 10,718,412 |   |
| Add common share equivalents — options to  purchase common shares and contingent shares (1) |   |                        |       |                  |   |   |   | 1,083,609 |   |
| Total                                                                                            |   | 12,829,922                  |       | 10,822,178            |   | 11,662,463 |   | 11,802,021 |   |
|                                                                                             |   |                        |       |                  |   |   |   |   |   |
| Amounts per basic common share:                                                                  |   |                        |       |                  |   |   |   |   |   |
| Income (loss) before cumulative effect of  change in accounting principle                        |   | $                           | (.29       | )                     | $      | (.23 | ) | $ | (.39 | ) | $ | .18 |   |
| Cumulative effect of change in accounting  principle                                             |   |                        |       |                  |   |   |   | $ | (.23 | ) |
| Net loss                                                                                         |   | $                           | (.29       | )                     | $      | (.23 | ) | $ | (.39 | ) | $ | (.05 | ) |
|                                                                                             |   |                        |       |                  |   |   |   |   |   |
| Amounts per diluted common share:                                                                |   |                        |       |                  |   |   |   |   |   |
| Income (loss) before cumulative effect of  change in accounting principle                        |   | $                           | (.29       | )                     | $      | (.23 | ) | $ | (.39 | ) | $ | .16 |   |
| Cumulative effect of change in accounting  principle                                             |   |                        |       |                  |   |   |   | $ | (.20 | ) |
| Net loss                                                                                         |   | $                           | (.29       | )                     | $      | (.23 | ) | $ | (.39 | ) | $ | (.04 | ) |

 

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(1) Excluded from thecalculation for the three and nine months ended September 30, 2001 areapproximately 62,000 and 119,000 unexercised options, respectively, as they areanti-dilutive.