Digital Equipment Corp – ‘10-K’ for 6/28/97 – EX-11

On:  Wednesday, 9/17/97, at 2:16pm ET   ·   For:  6/28/97   ·   Accession #:  950135-97-3873   ·   File #:  1-05296   ·   Correction:  This Filing was Corrected by the SEC on 9/19/97. ®

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Digital Equipment Corp.                               17     77K 
 2: EX-10.(F)   1995 Equity Plan                                      11     49K 
 3: EX-10.(G)   1995 Stock Option Plan for Non Employee Directors      6     26K 
 4: EX-10.(J)   Retirement Arrangement for Non Employee Directors      4     15K 
 5: EX-10.(M)   Employment Agreement - Bruce Clafin                    5     21K 
 6: EX-11       Computation of Net Income (Loss) Per Common Share      2±     9K 
 7: EX-13       1992 Annual Report                                    64    313K 
 8: EX-21       List of Subsidiaries                                   2     14K 
 9: EX-23       Consent of Independent Accountants                     1      8K 
10: EX-27       Financial Data Schedule                                1     10K 

EX-11   —   Computation of Net Income (Loss) Per Common Share

EX-11
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                                                                      EXHIBIT 11

 DIGITAL EQUIPMENT CORPORATION

 Computation of Net Income/(Loss) Per Common and Common Equivalent Share

                                                        [Enlarge/Download Table]

                                                                           Year Ended                                      
                                         --------------------------------------------------------------------------------  
                                         June 28,        June 29,          July 1,            July 2,              July 3, 
                                           1997           1996              1995               1994                 1993   
                                         -------         -------           ------             ------               ------  
                                                                                                                           
                                                                 (In thousands except per share data)                      

Net income/(loss) .....................  $140,875       $(111,812)       $121,818 (b)      $(2,156,063)(d)       $(251,330)
                                         ========       =========        ========          ===========           ========= 

Net income/(loss) applicable to                                                                                            
   common and common                                                                                                       
   equivalent shares ..................  $105,375(a)    $(147,312)(a)    $ 86,318(a)(b)    $(2,166,713)(c)(d)    $(251,330)
                                         ========       =========        ========          ===========           ========= 
Weighted-average number of                                                                                                 
   common shares outstanding                                                                                               
   during the year ....................   154,352         152,052         144,907              137,090             130,409 

Common stock equivalents from                                                                                              
   application of "treasury stock"                                                                                         
   method to unexercised and                                                                                               
   outstanding stock options ..........     1,106              --           1,424                   --                  -- 

Total weighted-average number of                                                                                           
   common and common equivalent                                                                                            
   shares used in the computation                                                                                          
   of net income/(loss) per common                                                                                         
   and common equivalent share ........   155,458         152,052         146,331              137,090             130,409 
                                         ========       =========        ========          ===========           ========= 

Net income/(loss) applicable per common                                                                                    
   and common equivalent share ........  $   0.68       $   (0.97)       $   0.59 (b)       $   (15.80)(d)       $   (1.93)
                                         ========       =========        ========          ===========           ========= 


(a)  Includes dividends paid and declared on Series A 8 7/8% cumulative         
preferred stock totaling $35,500.                                     
(b)  Net income and net income per common and common equivalent share include   
  the cumulative effect of a change in accounting principle of $64,503 and
$0.44, respectively.                                                  
(c)  Includes dividends paid and declared on Series A 8 7/8% cumulative         
preferred stock totaling $10,650.                                     
(d)  Net loss and net loss per common share include the cumulative effect of a  
changes in accounting principles of $51,026 and $0.37, respectively.