EX-12.1 3 a32780orexv12w1.htm EXHIBIT 12.1 Exhibit 12.1
 

EXHIBIT 12.1
Computation of Ratio of Earnings to Fixed Charges
                                                 
    Fiscal Year Ended     Six Months  
    December     December     January 2,     January 1,     December 31,     Ended July  
    29, 2002     28, 2003     2005     2006     2006     1, 2007(1)  
    (in thousands)  
Income (loss) before income taxes
   $ (40,331 )   $ (27,063 )   $ (6,225 )   $ (20,874 )   $ 42,620     $ (279,085 )
Plus: Fixed charges
     2,323       2,333       1,906       1,428       1,428       2,660  
 
                                    
Earnings available for fixed charges
     (38,008 )     (24,730 )     (4,319 )     (19,446 )     44,048       (276,425 )
 
                                    
 
                                                
Fixed charges:
                                                
Interest expense
     2,281       2,262       1,368       7       11       1,546  
Interest portion of operating lease expense(2)
     42       71       538       1,421       1,417       1,114  
 
                                    
Total fixed charges
     2,323       2,333       1,906       1,428       1,428       2,660  
 
                                    
 
                                                
Excess (deficiency) of earnings to fixed charges
   $ (40,331 )   $ (27,063 )   $ (6,225 )   $ (20,874 )   $ 42,620     $ (279,085 )
 
                                    
 
                                                
Ratio of earnings to fixed charges
     N/A       N/A       N/A       N/A       31:1       N/A  
 
                                    
 
(1)   Includes a non-cash charge of $303.4 million for acquired in-process research and development in connection with the acquisition of Solexa, Inc. in January 2007.
 
(2)   Thirty percent of rental expense is deemed to represent an approximation of the interest portion of such rental expense.