EXHIBIT 12.1

                   Statement Regarding Computation of Ratios
                          (in thousands, except ratio)



                                                                    Nine Month Ended
                            Fiscal Year Ended December 31,            September 30,
                         -----------------------------------------  ------------------
                          1995     1996    1997    1998     1999      1999      2000
                         -------  ------  ------  -------  -------  --------  --------
                                                                       (unaudited)
                                                         
Fixed charges:
  Interest expense,
   including
   amortization of debt
   expense.............. $    --  $   --  $   --  $    --  $    --  $     --  $  6,455
  Assumed interest
   element in rent......     271     338     533      667      933       632       946
                         -------  ------  ------  -------  -------  --------  --------
    Total fixed
     charges............ $   271  $  338  $  533  $   667  $   933  $    632  $  7,401
Earnings (loss):
  Net income (loss)..... $(4,281) $5,392  $8,659  $24,976  $42,013  $ 25,343  $ 48,618
  Fixed charges per
   above................     271     338     533      667      933       632     7,401
                         -------  ------  ------  -------  -------  --------  --------
    Total earnings
     (loss)............. $(4,010) $5,730  $9,192  $25,643  $42,946  $ 25,975  $ 56,019
Ratio of earnings to
 fixed charges..........      --    17.0x   17.3x    38.5x    46.0x     41.1x      7.6x
                         =======  ======  ======  =======  =======  ========  ========
Deficiency of earnings
 available to cover
 fixed charges.......... $(4,281)     --      --       --       --        --        --
                         =======  ======  ======  =======  =======  ========  ========