EXHIBIT 11
TEGAL CORPORATION AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION
OF NET INCOME PER SHARE
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE DATA)
THREE MONTHS ENDED NINE MONTHS ENDED
DECEMBER 31, DECEMBER 31,
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1996 1995 1996 1995
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Net Income............................................ $ 531 $1,452 $ 2,691 $3,600
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Weighted average shares outstanding during the
period.............................................. 10,113 7,486 10,095 2,938
Preferred stock on an "as if " converted.............. -- 1,485 -- 4,412
Common shares issued and stock options granted in
accordance with Staff Accounting Bulletin No. 83.... -- -- -- 1
Common stock equivalents.............................. 527 834 560 957
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Shares used in per share computation.................. 10,640 9,805 10,655 8,308
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Net income per share.................................. $ 0.05 $ 0.15 $ 0.25 $ 0.43
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