v3 ( Python )

This task is best handled by two nested loops, one on lines and another on the words in each line:

for line in open(thefilepath):
for word in line.split():
dosomethingwith(word)

p72, Python Cookbook 2nd edition, O'REILLY

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#!/usr/bin/env python
import os, sys

input_file = sys.stdin
output_file = sys.stdout
input_file = open( sys.argv[ 1 ] )
output_file = open( sys.argv[ 2 ], 'w' )

original = input_file.read()

str1="""#ifdef DEVELP /* Borland C v3.1 version */ 
unsigned char VoltTable[] = { \n"""

str2="""0 };\n#endif
#ifdef EMBED /* Dunfield assembler version */
void VoltTable(void) asm { \n"""

str3=""" }
#endif\n"""

def numGet( x ):
        count = 0
        str = original 
        s = ""
        if x == 2:
                s += "     DB "
        else:
                s += "\t"

        for ch in str:
                if ch == '\r': 
                        count += 1
                        if count % 16 != 0:
                                s += ','
                        else:
                                if x == 1:
                                        s += ',\n\t'
                                elif x == 2:
                                        s += '\n     DB '
                elif ch == '\n':
                       s += ''
                else:
                       s += ch
        if x == 2:
                return s[ :-1 ]
        else:
                return s

result = ""
result = str1 + numGet( 1 ) + str2 + numGet( 2 ) + str3

output_file.write(result)

input_file.close()
output_file.close()