chat app

i found this code on the web its a chat server, wanted to see how it works, but cant seem to get it working
can someone please tell me why?
Thanx

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import java.awt.Color;
import java.awt.BorderLayout;
import java.awt.event.*;
import javax.swing.*;

import java.io.*;
import java.net.*;

class ClientWorker implements Runnable{
private Socket client;
private JTextArea textArea;

ClientWorker(Socket client, JTextArea textArea) {
this.client = client;
this.textArea = textArea;
}

public void run(){
String line;
BufferedReader in = null;
PrintWriter out = null;
try{
in = new BufferedReader(new InputStreamReader(client.getInputStream()));
out = new PrintWriter(client.getOutputStream(), true);
} catch (IOException e) {
System.out.println("in or out failed");
System.exit(-1);
}

while(true){
try{
line = in.readLine();
//Send data back to client
out.println(line);
textArea.append(line);
} catch (IOException e) {
System.out.println("Read failed");
System.exit(-1);
}
}
}
}

class SocketThrdServer extends JFrame{

JLabel label = new JLabel("Text received over socket:");
JPanel panel;
JTextArea textArea = new JTextArea();
ServerSocket server = null;

SocketThrdServer(){ //Begin Constructor
panel = new JPanel();
panel.setLayout(new BorderLayout());
panel.setBackground(Color.white);
getContentPane().add(panel);
panel.add("North", label);
panel.add("Center", textArea);
} //End Constructor

public void listenSocket(){
try{
server = new ServerSocket(4444);
} catch (IOException e) {
System.out.println("Could not listen on port 4444");
System.exit(-1);
}
while(true){
ClientWorker w;
try{
w = new ClientWorker(server.accept(), textArea);
Thread t = new Thread(w);
t.start();
} catch (IOException e) {
System.out.println("Accept failed: 4444");
System.exit(-1);
}
}
}

protected void finalize(){
//Objects created in run method are finalized when
//program terminates and thread exits
try{
server.close();
} catch (IOException e) {
System.out.println("Could not close socket");
System.exit(-1);
}
}

public static void main(String[] args){
SocketThrdServer frame = new SocketThrdServer();
frame.setTitle("Server Program");
WindowListener l = new WindowAdapter() {
public void windowClosing(WindowEvent e) {
System.exit(0);
}
};
frame.addWindowListener(l);
frame.pack();
frame.setVisible(true);
frame.listenSocket();
}
}