**Exhibit 12.1**

 

**Computation of Ratio of Earnings to Fixed Charges/Deficiency**

**In the Coverage of Fixed Charges by Earnings Before FixedCharges**

 
| ** **                                                                                               | ** ** | **Year ended**              | ** ** |
|----------------------------------------------------------------------------------------------------------|------------|-----------------------------|------------|
| ** **                                                                                               | ** ** | **December 31,**            | ** ** |
| ** **                                                                                               | ** ** | **2001**                    | ** ** | **2002** | ** ** | **2003** | ** ** | **2004** | ** ** | **2005** | ** ** |
| ** **                                                                                               | ** ** | **(unaudited)**             | ** ** |
| ** **                                                                                               | ** ** | **(dollars  in thousands)** | ** ** |
| Earnings before fixed charges:                                                                           |       |                        |       |   |   |   |   |   |   |   |   |
|                                                                                                     |       |                        |       |   |   |   |   |   |   |   |   |
| Income (loss) from continuing operations before  income taxes and cumulative effect of accounting change |       | $                           | (121,254   | ) | $ | (75,121 | ) | $ | (81,032 | ) | $ | (58,450 | ) | $ | (63,071 | ) |
| Portion of rents representative of interest  factor                                                      |       | 2,411                       |       | 2,334 |   | 2,420 |   | 3,021 |   | 2,348 |   |
| Interest on indebtedness                                                                                 |       | 70,700                      |       | 68,479 |   | 77,162 |   | 92,225 |   | 88,060 |   |
| Earnings (loss) before fixed charges                                                                     |       | (48,143                     | )          | (4,308 | ) | (1,450 | ) | 36,796 |   | 27,337 |   |
|                                                                                                     |       |                        |       |   |   |   |   |   |   |   |   |
| Fixed charges:                                                                                           |       |                        |       |   |   |   |   |   |   |   |   |
|                                                                                                     |       |                        |       |   |   |   |   |   |   |   |   |
| Portion of rents representative of interest  factor                                                      |       | 2,411                       |       | 2,334 |   | 2,420 |   | 3,021 |   | 2,348 |   |
| Interest on indebtedness                                                                                 |       | 70,700                      |       | 68,479 |   | 77,162 |   | 92,225 |   | 88,060 |   |
| Total fixed charges                                                                                      |       | 73,111                      |       | 70,813 |   | 79,582 |   | 95,246 |   | 90,408 |   |
|                                                                                                     |       |                        |       |   |   |   |   |   |   |   |   |
| Ratio of earnings to fixed charges                                                                       |       | —                      |       | — |   | — |   | — |   | — |   |
|                                                                                                     |       |                        |       |   |   |   |   |   |   |   |   |
| Deficiency in the coverage of fixed charges  by earnings before fixed charges                            |       | $                           | (121,254   | ) | $ | (75,121 | ) | $ | (81,032 | ) | $ | (58,450 | ) | $ | (63,071 | ) |

 

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