mysql timestamps are different to unix timestamps (as used by php) - in that mysql formats time as YYYYMMDDHHMMSS, whereas unix timestamps are the number of seconds since the beginning of the unix epoch (00:00 jan 1 1970).
to get the unix timestamp from mysql, put this in your sql statement
$sql = "SELECT UNIX_TIMESTAMP(time) AS time FROM...";
then, when you have that time field from the result, put it through [man]date[/man] to format it
date("m.d.y", $time);
adam