EXHIBIT  11.1





                                      SBE, INC.
               STATEMENTS OF COMPUTATION OF NET INCOME (LOSS) PER SHARE
                      (In thousands, except per share amounts)
                                    (Unaudited)

                                          Three months ended
                                              January 31,
                                         --------------------
                                          2001          2000
                                         ------        ------
BASIC
                                                 
Weighted average number of
 common shares outstanding               3,331         3,080
                                       --------       -------

Number of shares for computation of
 net income (loss) per share             3,331         3,080
                                       ========       =======

Net income (loss)                      $(1,313)       $  961
                                       ========       =======

Net income (loss) per share            $ (0.39)       $ 0.31
                                       ========       =======


DILUTED

Weighted average number of
 common shares outstanding               3,331         3,080

Shares issuable pursuant to options granted
 under stock option plans, less assumed
 repurchase at the average fair market value
 for the period                             (a)          119
                                       ---------      -------

Number of shares for computation of
 net income (loss) per share             3,331         3,199
                                       =========      =======

Net income (loss)                      $(1,313)       $  961
                                       =========      =======

Net income (loss) per share            $ (0.39)       $ 0.30
                                       =========      =======



(a)     In loss periods, common share equivalents would have an antidilutive
        effect on loss per share and therefore have been excluded.