EX-12.1 3 dex121.htm STATEMENT RE: COMPUTATION Statement re: computation
 
Exhibit 12.1
 
STATEMENT RE:  COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
 
    
Year Ended December 31,
     
Nine Months Ended
  
    
1997
     
1998
     
1999
     
2000
     
2001
     
2001
     
2002
  
Net loss applicable to common shareholders
   
(23,026
)
   
(24,972
)
   
(41,481
)
   
(52,437
)
   
(81,645
)
   
(49,158
)
   
(80,440
)
Add:  fixed charges
   
549
 
   
608
 
   
711
 
   
729
 
   
6,467
 
   
3,443
 
   
9,165
 
    
  
  
  
  
  
  
Earnings as defined
   
(22,477
)
   
(24,364
)
   
(40,770
)
   
(51,708
)
   
(75,178
)
   
(45,715
)
   
(71,275
)
    
  
  
  
  
  
  
Fixed charges:
                                                 
Interest expensed and capitalized
   
377
 
   
435
 
   
502
 
   
544
 
   
5,988
 
   
3,123
 
   
8,518
 
Estimated interest component of rent
   
172
 
   
173
 
   
209
 
   
185
 
   
479
 
   
320
 
   
647
 
    
  
  
  
  
  
  
Total fixed charges
   
549
 
   
608
 
   
711
 
   
729
 
   
6,467
 
   
3,443
 
   
9,165
 
    
  
  
  
  
  
  
Ratio of earnings to fixed charges
   
(1
)
   
(1
)
   
(1
)
   
(1
)
   
(1
)
   
(1
)
   
(1
)
(1)
 
Earnings (as defined) for the period were insufficient to cover fixed charges by an amount equal to the net loss applicable to common shareholders for the period.