##### 



Exhibit 11

|                                                 |                                                                       |                                       |   |                                       |   |                    |   |                  |  |        |   |           |   |      |   |         |   |           |   |        |  |        |   |           |   |  |   |        |   |  |   |        |  |  |   |       |   |  |   |        |   |  |   |        |  |  |   |       |  
|------------------------------------------------ | --------------------------------------------------------------------- | ------------------------------------- | - | ------------------------------------- | - | ------------------ | - | ---------------- |  | ------ | - | --------- | - | ---- | - | ------- | - | --------- | - | ------ |  | ------ | - | --------- | - |  | - | ------ | - |  | - | ------ |  |  | - | ----- | - |  | - | ------ | - |  | - | ------ |  |  | - | ----- | -
|                                                 |                                                                       |                                       |   |                                      
|                                                 |                                                                       | 2002                                  |   | 2003                                 
|                                                 |                                                                       |                                       |   |                                      
|                                                 |                                                                       |                                       |   |                                       |   |                    |   |                 
|                                                 |                                                                       | Three Months Ended                    |   | Six Months Ended                      |   | Three Months Ended |   | Six Months Ended
|                                                 |                                                                       | June 30,                              |   | June 30,                              |   | June 30,           |   | June 30,        
|                                                 |                                                                       |                                       |   |                                       |   |                    |   |                 
|                                                 |                                                                       | Net                                   |   |                                       |   | Per Share          |   | Net              |  |        |   | Per Share |   | Net  |   |         |   | Per Share |   | Net    |  |        |   | Per Share
|                                                 |                                                                       | Loss                                  |   | Shares                                |   | Amount             |   | Loss             |  | Shares |   | Amount    |   | Loss |   | Shares  |   | Amount    |   | Loss   |  | Shares |   | Amount   
|                                                 |                                                                       |                                       |   |                                       |   |                    |   |                  |  |        |   |           |   |      |   |         |   |           |   |        |  |        |   |          
|                                                 |                                                                       |                                       |   |                                      
|                                                 |                                                                       | (In thousands, except per share data) |   | (In thousands, except per share data)
|Basic EPS                                        |                                                                       |                                       |   |                                       |   |                    |   |                  |  |        |   |           |   |      |   |         |   |           |   |        |  |        |   |           |   |  |   |        |   |  |   |        |  |  |   |       |   |  |   |        |   |  |   |        |  |  |   |      
|                                                 | Net loss available to common shareholders                             |                                       | $ | (11,244                               | ) |                    |   | 20,731           |  |        | $ | (0.54     | ) |      | $ | (16,305 | ) |           |   | 20,728 |  |        | $ | (0.79     | ) |  | $ | (3,975 | ) |  |   | 20,969 |  |  | $ | (0.19 | ) |  | $ | (6,137 | ) |  |   | 20,964 |  |  | $ | (0.29 | )
|                                                 |                                                                       |                                       |   |                                       |   |                    |   |                  |  |        |   |           |   |      |   |         |   |           |   |        |  |        |   |           |   |  |   |        |   |  |   |        |  |  |   |       |   |  |   |        |   |  |   |        |  |  |   |      
|Effect of Dilutive Securities Stock option plans |                                                                       |                                       |   |                                       |   |                    |  |                  |  |        |   |           |   |      |   |         |   |           |  |        |  |        |   |           |   |  |   |        |   |  |  |        |  |  |   |       |   |  |   |        |   |  |  |        |  |  |   |      
|                                                 |                                                                       |                                       |   |                                       |   |                    |   |                  |  |        |   |           |   |      |   |         |   |           |   |        |  |        |   |           |   |  |   |        |   |  |   |        |  |  |   |       |   |  |   |        |   |  |   |        |  |  |   |      
|Dilutive EPS                                     |                                                                       |                                       |   |                                       |   |                    |   |                  |  |        |   |           |   |      |   |         |   |           |   |        |  |        |   |           |   |  |   |        |   |  |   |        |  |  |   |       |   |  |   |        |   |  |   |        |  |  |   |      
|                                                 | Net loss available to common shareholders and
    assumed conversions |                                       | $ | (11,244                               | ) |                    |   | 20,731           |  |        | $ | (0.54     | ) |      | $ | (16,305 | ) |           |   | 20,728 |  |        | $ | (0.79     | ) |  | $ | (3,975 | ) |  |   | 20,969 |  |  | $ | (0.19 | ) |  | $ | (6,137 | ) |  |   | 20,964 |  |  | $ | (0.29 | )
|                                                 |                                                                       |                                       |   |                                       |   |                    |   |                  |  |        |   |           |   |      |   |         |   |           |   |        |  |        |   |           |   |  |   |        |   |  |   |        |  |  |   |       |   |  |   |        |   |  |   |        |  |  |   |      



|      |                                                                                                                                                                                                                                                                                                               
|----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|NOTE: | Options to purchase 5.0 million and
    5.1 million shares of Class A Common Stock were
    outstanding during the six months ended June 30, 2002 and
    2003, respectively, but were not included in the computation of
    diluted earnings per share because the effect would have been
    anti-dilutive.

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