<DOCUMENT>
<TYPE>EX-11.0
<SEQUENCE>3
<FILENAME>y60441ex11-0.txt
<DESCRIPTION>STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
<TEXT>
<PAGE>
              STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS

                                                                    Exhibit 11.0

ZAPATA CORPORATION

Statement Regarding Computation of Per Share Earnings

<TABLE>
<CAPTION>
                                                             Three Months Ended    Three Months Ended
                                                               March 31, 2002        March 31, 2001
<S>                                                          <C>                   <C>
Net income (loss) (in thousands)                                 $    1,224            $   (1,157)
Actual outstanding common shares at beginning of period               2,391                23,889
Effect of ten-for-one reverse stock split                                --               (21,500)
Other adjustments                                                        --                     1
                                                                 ----------            ----------
Weighted average common shares outstanding - basic                    2,391                 2,390
Net income (loss) per share - basic                              $     0.51            $    (0.48)

Dilutive effect of outstanding options                                    5                    --
Weighted average common shares outstanding - diluted                  2,396                 2,390
Net income (loss) per share - diluted                            $     0.51            $    (0.48)
</TABLE>


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</TEXT>
</DOCUMENT>
