EX-99.1 8 f09506exv99w1.htm EXHIBIT 99.1 exv99w1
 

         

Exhibit 99.1

Earnings to Fixed Charges

The ratio of earnings to fixed charges for the six months ended May 2, 2004 and May 1, 2005 and for each of the last five fiscal years, was as follows:

                             
                        Six Months Ended
Fiscal Year   May 2,   May 1,
2000   2001   2002   2003   2004   2004   2005
32.82x
  11.80x   4.58x   (a)     23.32     17.71x   26.08x
 
                           

(a)   Due to Applied’s loss in fiscal 2003, the ratio of coverage was less than 1:1. Applied would have needed to generate additional earnings of $209 million to achieve the coverage ratio of 1:1.