<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-1999 <PERIOD-END> JUN-30-1998 <CASH> 12,032,000 <SECURITIES> 942,000 <RECEIVABLES> 9,631,000 <ALLOWANCES> 0 <INVENTORY> 907,000 <CURRENT-ASSETS> 24,203,000 <PP&E> 1,819,000 <DEPRECIATION> 0 <TOTAL-ASSETS> 36,425,000 <CURRENT-LIABILITIES> 7,736,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 62,000 <OTHER-SE> 28,627,000 <TOTAL-LIABILITY-AND-EQUITY> 36,425,000 <SALES> 3,930,000 <TOTAL-REVENUES> 7,225,000 <CGS> 0 <TOTAL-COSTS> 4,040,000 <OTHER-EXPENSES> 4,233,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (872,000) <INCOME-TAX> (269,000) <INCOME-CONTINUING> (603,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (603,000) <EPS-PRIMARY> (0.10) <EPS-DILUTED> (0.10)