while that might be sexy, I decided to take a different route..
<?php
$DateOld = "08/20/02 14:21";
$month = substr($DateOld, 0, 2);
$day = substr($DateOld, 3, 2);
$year = substr($DateOld, 6, 2);
$HH = substr($DateOld, 9, 2);
$i = substr($DateOld, 12, 2);
print "$month<br>";
print "$day<br>";
print "$year<br>";
print "$HH<br>";
print "$i<br>";
?>