. . . EXHIBIT 12.1 DEFICIENCY OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS <Table> <Caption> Year Ended December 31, ---------------------------------------------------------------------------- 2003 2002 2001 2000 1999 -------- ------- -------- -------- -------- (in thousands) Pre-tax loss before minority interests in consolidated subsidiaries and loss from equity investees........................... $(61,277) $(115,524) $(70,392) $(1,844,284) $(116,941) ======== ========== ======== =========== ========= Fixed Charges: Interest expense, including amortization of debt issuance costs............................... 3,336 2,748 14,714 15,948 752 Assumed interest element in rent. .. 1,741 1,584 1,782 1,914 433 -------- ----------- -------- ------------ ----------- Total fixed charges............ 5,077 4,334 16,496 17,862 1,185 -------- ----------- -------- ------------ ----------- Preferred stock dividends and accretion........................... 12,446 13,904 356 -------- ----------- -------- Pre-tax loss before minority interests in consolidated subsidiaries, loss from equity investees, fixed charges and preferred stock dividends........... $(43,754) $ (97,288) $(53,540) $(1,826,422) $(115,756) ======== ========= ======== =========== ========= Deficiency of earnings to cover combined fixed charges and preferred stock dividends....... $ 73,723 $ 129,428 $ 70,748 $ 1,844,284 $ 116,941 ======== ========= ======== =========== ========= </Table>