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                                                                    EXHIBIT 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

<TABLE>
<CAPTION>
                                                                      PERIOD      FISCAL         NINE
                                                                    JANUARY 1,       YEAR         MONTHS
                                                     YEAR ENDED         TO         ENDED         ENDED
                                                     DECEMBER 31,     APRIL 4,   MARCH 31,    DECEMBER 31,   YEAR ENDED DECEMBER 31,
                                                      ---------     ---------    ---------     ---------     ----------------------
                                                        1999           2000        2001           2001          2002         2003
                                                      ---------     ---------    ---------     ---------     ---------     ---------

<S>                                                   <C>           <C>          <C>           <C>           <C>           <C>
CALCULATION OF EARNINGS

Pre-tax income (loss) from
  continuing operations before
  adjustment for minority
  interests in consolidated
  subsidiaries or income (loss)
  from equity investees ..........................    $(765,197)    $   2,133    $ (19,447)    $(370,343)    $(157,930)    $  14,849

Distribution from joint ventures .................        4,000            --        3,600           125            --            --
                                                      ---------     ---------    ---------     ---------     ---------     ---------

Earnings before fixed charge
  adjustments ....................................     (761,197)        2,133      (15,847)     (370,218)     (157,930)       14,849
                                                      ---------     ---------    ---------     ---------     ---------     ---------

Fixed charges

      Interest expense ...........................           --            --       57,015        36,833        39,286        19,142

      Interest allocated to asset held
        for sale .................................           --            --        1,256            --            --            --

      Interest portion of rent expense ...........        4,005           850        6,510         4,831         5,855         6,068
                                                      ---------     ---------    ---------     ---------     ---------     ---------

Total fixed charges ..............................        4,005           850       64,781        41,664        45,141        25,210
                                                      ---------     ---------    ---------     ---------     ---------     ---------

Earnings before income taxes and fixed
  charges ........................................     (757,192)        2,983       48,934      (328,554)     (112,789)       40,059
                                                      =========     =========    =========     =========     =========     =========

Ratio of Earnings to Fixed Charges ...............          (a)           3.5          (a)           (a)           (a)           1.6
                                                      =========     =========    =========     =========     =========     =========

Insufficient to cover ............................     (761,197)          n/a      (15,847)     (370,218)     (157,930)          n/a
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(a)    Earnings were insufficient to cover fixed charges by the amount
       indicated.