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Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
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Period from inception
(August 20, 1998)
through Fiscal Year Ended Nine Months Ended
December 31, December 31, September 30,
1998 1999 2000
--------------------- ----------------- -----------------
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Fixed charges:
Interest expense, including
amortization of debt expense $ 10 $ 2,145 $ 4,956
Assumed interest element
included in rent expense 7 120 1,120
------ -------- ----------
Total fixed charges: 17 2,265 6,076
Earnings (loss)
Pre-tax net loss (890) (54,169) (582,576)
Fixed charged per above 17 2,265 6,076
------ -------- ---------
Total earnings (loss)
before fixed charges (873) (51,904) (576,500)
Ratio of earning to fixed charges -- -- --
====== ======== =========
Deficiency of earnings available
to cover fixed charges $ (890) $(54,169) $(582,576)
====== ======== =========
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