EX-12.1 4 a2116088zex-12_1.htm EX-12.1
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Exhibit 12.1

UTStarcom, Inc.

Ratio of Earnings to Fixed Charges

	Year ended December 31,									Six Months Ended June 30,
	1998		1999	2000		2001		2002		2002		2003
Earnings
Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees	1,102		15,855	44,321		78,099		136,272		55,521		102,340
Income/(loss) from equity investees	(773	)	1,348	(288	)	(2,962	)	(4,053	)	(799	)	(2,720	)

Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries plus fixed charges	4,399		18,164	48,653		86,237		143,743		58,462		109,312
Fixed charges
Interest expense and amortization of debt issuance costs	1,924		3,057	3,311		3,909		1,251		1,135		2,849
One-third of rental expense	600		600	733		1,267		2,167		1,007		1,403

Total fixed charges	2,524		3,657	4,044		5,176		3,418		2,142		4,252
Ratio of Earnings to fixed charges	1.74		4.97	12.03		16.66		42.06		27.29		25.71