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EXHIBIT 12.1
WEBLINK WIRELESS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS)
(UNAUDITED)
<TABLE>
<CAPTION>
YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
DECEMBER 31, DECEMBER 31, DECEMBER 31, DECEMBER 31,
1995 1996 1997 1998 (1)
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
Earnings:
Net loss ........................ $ (53,113) $ (48,598) $ (43,887) $ (59,316)
Add: Amount of
previously capitalized
interest amortized ........... -- -- -- 252
Add: Fixed charges .............. 30,720 35,041 38,499 43,798
------------ ------------ ------------ ------------
Adjusted earnings ............... (22,393) (13,557) (5,388) (15,266)
Fixed charges:
Interest in
indebtedness ................. 28,383 32,368 36,672 52,645
Amortization of debt
issuance costs ............... 1,052 2,143 844 1,172
Interest portion
of rental and
lease expense ................ 1,285 530 983 1,428
------------ ------------ ------------ ------------
Fixed charges ................... 30,720 35,041 38,499 55,245
Deficiency of
earnings available to
cover fixed charges ............. $ (53,113) $ (48,598) $ (43,887) $ (70,511)
============ ============ ============ ============
Earnings to fixed charges ratio ... -- -- -- --
<CAPTION>
THREE MONTHS
YEAR ENDED ENDED YEAR ENDED
DECEMBER 31, JUNE 30, JUNE 30,
1999 2000 2000
------------ ------------ ------------
<S> <C> <C> <C>
Earnings:
Net loss ........................ $ (99,867) $ (25,309) $ (45,205)
Add: Amount of
previously capitalized
interest amortized ........... 2,288 572 1,144
Add: Fixed charges .............. 65,310 15,709 32,893
------------ ------------ ------------
Adjusted earnings ............... (32,269) (9,028) (11,168)
Fixed charges:
Interest in
indebtedness ................. 63,452 15,136 31,726
Amortization of debt
issuance costs ............... 1,291 485 1,017
Interest portion
of rental and
lease expense ................ 567 88 150
------------ ------------ ------------
Fixed charges ................... 65,310 15,709 32,893
Deficiency of
earnings available to
cover fixed charges ............. $ (97,579) $ (24,737) $ (44,061)
============ ============ ============
Earnings to fixed charges ratio ... -- -- --
</TABLE>
(1) The fixed charge adjustment to earnings excludes $11.4 million of
capitalized interest.
