TEGAL CORPORATION AND SUBSIDIARIES EXHIBIT 11
STATEMENT REGARDING COMPUTATION
OF NET INCOME PER SHARE
(Unaudited)
(In thousands, except per share data)
Three Months Ended Six Months Ended
September 30, September 30,
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1996 1995 1996 1995
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Net Income $ 415 $ 1,138 $ 2,160 $ 2,148
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Weighted average shares outstanding
during the period 10,104 675 10,087 664
Preferred stock on an "as if" converted -- 5,876 -- 5,876
Common shares issued and stock options
granted in accordance with Staff
Accounting Bulletin No. 83 -- 1 -- 1
Common stock equivalents 543 1,037 582 1,018
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Shares used in per share computation 10,647 7,589 10,669 7,559
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Net income per share $ 0.04 $ 0.15 $ 0.20 $ 0.28
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: November 12, 1996
TEGAL CORPORATION
(Registrant)
/s/ David Curtis
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David Curtis
Chief Financial Officer, Treasurer and
Secretary (Principal Financial Officer)
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