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<PAGE> 1
EXHIBIT 12.1
Computation of Ratio of Earnings to Fixed Charges
<TABLE>
<CAPTION>
Years Ended October 31,
1996 1997 1998 1999 2000
------------------------------------------------------------------------
($000's in thousands)
<S> <C> <C> <C> <C> <C>
Pre-tax income (loss) from continuing operations $ 20,816 $ 188,056 $ 81,900 $ (5,991) $ 120,574
----------- ------------ ----------- ----------- ------------
Fixed Charges:
Interest expense 443 408 313 504 340
Appropriate portion (1/3) of rentals 192 829 2,013 3,135 4,506
----------- ------------ ----------- ----------- ------------
Total Fixed Charges 635 1,237 2,326 3,639 4,846
Pre-tax income (loss) from continuing operations
plus fixed charges $ 21,451 $ 189,293 $ 84,226 $ (2,352) $ 125,420
=========== ============ =========== =========== ============
Ratio of earnings to fixed charges 33.8x 153.1x 36.2x - 25.9x
=========== ============ =========== =========== ============
</TABLE>
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