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Computation of Ratio of Earnings to Fixed Charges
And The Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
Exhibit 12
Nine Months
Year Ended October 31, Ended July 31,
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Statement of operations data: 1995 1996 1997 1998 1999 1999 2000
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(in thousands) (unaudited)
<S> <C> <C> <C> <C> <C> <C> <C>
Net income (loss)........................... $(36) $(670) $(878) $(463) $(1,289) $(699) $(1,608)
Interest expense............................ 0 9 9 9 33 0 0
Net income (loss)........................... $(36) $(661) $(868) $(454) $(1,256) $(683) $(1,608)
==== ===== ===== ===== ======= ===== =======
Fixed Charges & Preferred Dividends........
Interest expense........................... 0 9 9 9 33 0 0
Total Fixed Charges........................ 0 9 9 9 33 0 0
Preferred Dividends........................ 0 0 0 0 16 16 425
Preferred Accretion........................ 0 0 0 0 0 0 1,742
Combined Fixed Charges and preferred......
Stock dividends........................ 0 9 9 9 49 0 2,167
= = = = == = =====
Total Fixed Charges (deficiency)........... (36) (670) (878) (463) (1,305) (699) (3,775)
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