<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> MAR-31-1998 <PERIOD-END> DEC-31-1997 <CASH> 15,330,000 <SECURITIES> 982,000 <RECEIVABLES> 8,291,000 <ALLOWANCES> 0 <INVENTORY> 1,124,000 <CURRENT-ASSETS> 26,512,000 <PP&E> 1,717,000 <DEPRECIATION> 0 <TOTAL-ASSETS> 36,273,000 <CURRENT-LIABILITIES> 6,404,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 60,000 <OTHER-SE> 29,809,000 <TOTAL-LIABILITY-AND-EQUITY> 36,273,000 <SALES> 14,354,000 <TOTAL-REVENUES> 22,202,000 <CGS> 0 <TOTAL-COSTS> 10,101,000 <OTHER-EXPENSES> 15,942,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (3,068,000) <INCOME-TAX> (914,000) <INCOME-CONTINUING> (2,154,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,154,000) <EPS-PRIMARY> (0.36) <EPS-DILUTED> (0.36)