<PAGE>

                                     EXHIBIT 11

                   SEMICONDUCTOR LASER INTERNATIONAL CORPORATION
                COMPUTATION OF WEIGHTED AVERAGE SHARES OUTSTANDING

                            PERIOD ENDED MARCH 31, 1996
                               "CHEAP STOCK" METHOD

<TABLE>
<CAPTION>

                                        SHARES ISSUED OR         SHARES REDEEMED USING
                                       WARRANTS AND OPTIONS       PROCEEDS FROM SHARES
                                         DEEMED EXERCISED        ISSUED DEEMED EXERCISED       WEIGHTED AVERAGE SHARES
                                                                  OF WARRANTS & OPTIONS              OUTSTANDING
                                       --------------------      -----------------------       ------------------------

<S>                                       <C>                       <C>                           <C>
1993 SHARES OUTSTANDING (NOTE 1)            729,003                           0                     729,003
1994 SHARES OUTSTANDING (NOTE 1)            192,344                           0                     192,344
1995 SHARES OUTSTANDING (NOTE 1)            472,306                           0                     472,306
1996 "CHEAP" STOCK                          150,000                     (59,000)                     91,000
1996 WEIGHTED SHARES ISSUED IN
  IPO (NOTE 2)                              186,813                           0                     186,813
1993 OPTIONS                                  1,971                         (97)                      1,874
1995 OPTIONS                                 11,000                     (11,000)                          0
1995 OPTIONS                                 88,659                        (887)                     87,772
WARRANTS ISSUED IN 1994 &
  1995 (NOTE 1)                              42,093                          (0)                     42,093
1995 WARRANTS                                17,732                     (10,440)                      7,292
1996 WARRANTS ISSUED IN CONNECTION
  WITH THE IPO (NOTE 2)                   1,995,000                  (1,895,296)                     59,704
1996 BROKER WARRANTS ISSUED IN
  CONNECTION WITH THE IPO (NOTE 2)          170,000                    (164,808)                      5,192
ADD BACK ANTI-DILUTIVE OPTIONS
  & WARRANTS                                                                                        (43,967)
                                                                                                  ----------

WEIGHTED AVERAGE SHARES OUTSTANDING                                                               1,831,426
                                                                                                  ==========

</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 MARCH 31,1997

<TABLE>
<CAPTION>

                                          SHARES ISSUED AND           WEIGHTED AVERAGE SHARES
                                             OUTSTANDING                    OUTSTANDING
                                          -----------------           ------------------------
<S>                                           <C>                            <C>
COMMON SHARES ISSUED AND
  OUTSTANDING JANUARY 1, 1997                 3,374,144                      3,374,144
COMMON SHARES ISSUED JANUARY 10,
  1997                                          120,000                        106,667
COMMON SHARES ISSUED FEBRUARY 9,
  1997                                            1,231                            684
                                                                             ---------
WEIGHTED AVERAGE SHARES OUTSTANDING                                          3,841,495
                                                                             =========

</TABLE>