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EXHIBIT 12.1
RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
Six Months Ended June 30, Year Ended December 31,
----------------------------- ------------------------------------------------------
2000 1999 1999 1998 1997 1996 1995
----------------------------- ---------- ---------- ------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
Fixed charges:
Interest expense on
indebtedness (including
amortization of debt
expense and discount) $ 75,626 $ 3,402 $ 14,146 $ 192 $ 446 $ 422 $ 565
Interest expense on
portion of rent expense
representative of
interest 1,691 1,424 2,951 1,299 1,072 843 724
=========== ========== ========== ========= ======== ======= ========
Total Fixed Charges $ 77,317 $ 4,826 $ 17,097 $ 1,490 $ 1,518 $ 1,265 $ 1,290
----------- ---------- ---------- --------- -------- ------- --------
Earnings (Loss):
Net loss before provision
for income taxes $(77,665) $(14,276) $(41,944) $(22,957) $(21,148) $(7,559) $(32,719)
Fixed charges per above 77,317 4,826 17,097 1,490 1,518 1,265 1,290
=========== ========== ========== ========= ======== ======= ========
Total Earnings (Loss) $ (348) $ (9,450) $(24,847) $(21,467) $(19,630) $(6,294) $(31,429)
=========== ========== ========== ========= ======== ======= ========
Ratio of Earnings to Fixed
Charges (0.00) (1.96) (1.45) (14.41) (12.93) (4.98) (24.37)
Coverage deficiency $(77,665) $(14,276) $(41,944) $(22,957) $(21,148) $(7,559) $(32,719)
=========== ========== ========== ========= ======== ======= ========
</TABLE>
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