<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUL-31-1996 <PERIOD-START> AUG-01-1995 <PERIOD-END> JAN-31-1996 <CASH> 18,949,437 <SECURITIES> 11,022,840 <RECEIVABLES> 170,300 <ALLOWANCES> 13,337 <INVENTORY> 1,657,206 <CURRENT-ASSETS> 32,112,849 <PP&E> 2,862,774 <DEPRECIATION> 1,477,994 <TOTAL-ASSETS> 33,947,551 <CURRENT-LIABILITIES> 1,607,593 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,789,467 <OTHER-SE> 27,307,398 <TOTAL-LIABILITY-AND-EQUITY> 33,947,551 <SALES> 423,663 <TOTAL-REVENUES> 423,663 <CGS> 2,254,969 <TOTAL-COSTS> 2,254,969 <OTHER-EXPENSES> 2,622,927 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 8,606 <INCOME-PRETAX> (3,825,180) <INCOME-TAX> 0 <INCOME-CONTINUING> (3,825,180) <DISCONTINUED> 277,771 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,547,409) <EPS-PRIMARY> (.32) <EPS-DILUTED> (.32)