<PAGE>

                                     EXHIBIT 11

                   SEMICONDUCTOR LASER INTERNATIONAL CORPORATION
                COMPUTATION OF WEIGHTED AVERAGE SHARES OUTSTANDING

                            PERIOD ENDED JUNE 30, 1996
                               "CHEAP STOCK" METHOD

<TABLE>
<CAPTION>

                                                                                         SIX MONTHS ENDED     THREE MONTHS ENDED
                                        SHARES ISSUED OR      SHARES REDEEMED USING       JUNE 30, 1996         JUNE 30, 1996
                                       WARRANTS AND OPTIONS    PROCEEDS FROM SHARES      WEIGHTED AVERAGE      WEIGHTED AVERAGE
                                         DEEMED EXERCISED     ISSUED DEEMED EXERCISED        SHARES                 SHARES
                                                               OF WARRANTS & OPTIONS       OUTSTANDING       
    OUTSTANDING
                                       --------------------   -----------------------    -----------------    ------------------

  <S>                                       <C>                      <C>                   <C>                    <C>
  1993 SHARES OUTSTANDING (NOTE 1)            729,003                        0               729,003                729,003
  1994 SHARES OUTSTANDING (NOTE 1)            192,344                        0               192,344                192,344
  1995 SHARES OUTSTANDING (NOTE 1)            472,306                        0               472,306                472,306
  1996 "CHEAP" STOCK                          150,000                  (59,000)               91,000                150,000
  1996 WEIGHTED SHARES ISSUED IN
    IPO (NOTE 2)                              943,407                        0               943,407              1,700,000
  1993 OPTIONS                                  1,971                      (75)                1,896
  1995 OPTIONS                                 11,000                  (11,000)                    0
  1995 OPTIONS                                 88,659                     (887)               87,772
  WARRANTS ISSUED IN 1994 &
    1995 (NOTE 1)                              54,576                       (0)               54,576
  1995 WARRANTS                                17,732                  (10,440)                7,292
  1996 SHARES                                  57,957                  (32,875)               25,082                 50,197

  ADD BACK ANTI-DILUTIVE OPTIONS
    & WARRANTS                                                                               (56,471)
                                                                                           ----------             ---------

  WEIGHTED AVERAGE SHARES OUTSTANDING                                                      2,548,207              3,293,850
                                                                                           ==========             =========

</TABLE>

  NOTE 1: SHARES AND WARRANTS ISSUED MORE THAN ONE YEAR PRIOR
          TO INITIAL PUBLIC OFFERING ("IPO")
  NOTE 2: COMPUTED USING THE WEIGHTED AVERAGE METHOD


                            PERIOD ENDED JUNE 30,1997

<TABLE>
<CAPTION>
                                                        SIX MONTHS ENDED      THREE MONTHS ENDED
                                                          JUNE 30,1997          JUNE 30, 1997     
                                     SHARES ISSUED      WEIGHTED AVERAGE       WEIGHTED AVERAGE
                                    AND OUTSTANDING    SHARES OUTSTANDING     SHARES OUTSTANDING
                                     -------------     ------------------     ------------------

<S>                                    <C>                  <C>                  <C>
COMMON SHARES ISSUED AND                                    
   OUTSTANDING JANUARY 1, 1997           3,374,144            3,374,144            3,374,144
COMMON SHARES ISSUED JANUARY 10,
   1997                                    120,000              114,033              120,000
COMMON SHARES ISSUED FEBRUARY 9,
   1997                                      1,231                  966                1,231
COMMON SHARES ISSUED MAY 19,
   1997                                      9,851                2,340                4,655
                                         ---------            ---------            ---------
WEIGHTED AVERAGE SHARES OUTSTANDING      3,505,226            3,491,483            3,500,030
                                         =========            =========            =========

</TABLE>