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EXHIBIT 12.1
Statement Regarding Computation of Ratios
(in thousands, except ratio)
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<CAPTION>
Six Month Ended
Fiscal Year Ended December 31, June 30,
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1995 1996 1997 1998 1999 1999 2000
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(unaudited)
<S> <C> <C> <C> <C> <C> <C> <C>
Fixed charges:
Interest expense,
including
amortization of debt
expense.............. $ -- $ -- $ -- $ -- $ -- $ -- $ --
Assumed interest
element in rent...... 271 338 533 667 933 388 619
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Total fixed
charges............ $ 271 $ 338 $ 533 $ 667 $ 933 $ 388 $ 619
Earnings (loss):
Net income (loss)..... $(4,281) $5,392 $8,659 $24,976 $42,013 $14,900 $27,773
Fixed charges per
above................ 271 338 533 667 933 388 619
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Total earnings
(loss)............. $(4,010) $5,730 $9,192 $25,643 $42,946 $15,288 $28,392
Ratio of earnings to
fixed charges.......... -- 17.0x 17.3x 38.5x 46.0x 39.4x 45.9x
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Deficiency of earnings
available to cover
fixed charges.......... $(4,281) -- -- -- -- -- --
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