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Exhibit 12.1

UTStarcom Inc.
Ratio of Earnings to Fixed Charges

	Year ended December 31,									Three Months Ended March 31,
	1998		1999	2000		2001		2002		2002		2003
Earnings
Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees	1,102		15,855	44,321		78,099		136,272		22,568		49,790
Income/(loss) from equity investees	(773	)	1,348	(288	)	(2,962	)	(4,053	)	(793	)	(975	)
Total Earnings	4,399		18,164	48,653		86,237		143,743		24,521		52,007
Fixed charges
Interest expense and amortization of debt issuance costs	1,924		3,057	3,311		3,909		1,251		688		639
One-third of rental expense	600		600	733		1,267		2,167		472		603
Total fixed charges	2,524		3,657	4,044		5,176		3,418		1,160		1,242
Ratio of Earnings to fixed charges	1.74		4.97	12.03		16.66		42.06		21.13		41.86

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Exhibit 12.1