EX-12.1 6 dex121.htm CALCULATION OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Calculation of computation of ratio of earnings to fixed charges

Exhibit 12.1

 

RATIO OF EARNINGS TO FIXED CHARGES

 

The following table shows the ratio of earnings to fixed charges for the six months ended April 30, 2003 and each of the five most recent fiscal years (in thousands).

 

    

Six months
ended

April 30,


   Fiscal year ended October 31,

     2003

   2002

   2001

   2000

   1999

   1998

Net earnings (loss) before income tax provision (benefit), minority interest (benefit) and cumulative effect of change in accounting principle

   $ (59,170)    $ (163,632)    $ (155,587)    $ 241,277    $ 4,456    $ (45,097)

Fixed charges:

                                         

Interest expense

     437      112      577      5,287      6,114      6,706

Portion of rent expense deemed to represent interest

     0      0      0      0      0      0

Total fixed charges

     437      112      577      5,287      6,114      6,706

Net earnings (loss) before fixed charges

   $ (58,733)    $ (163,520)    $ (155,010)    $ 246,564    $ 10,570    $ (38,391)

Ratio of net earnings (loss) before fixed charges to fixed charges

     (134.45):1      (1,463.74):1      (268.71):1      46.63:1      1.73:1      (5.73):1

Deficiency of net earnings to cover fixed charges

   $ 59,170    $ 163,632    $ 155,587      NA      NA    $ 45,097