<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-2000 <PERIOD-END> JUN-30-1999 <CASH> 16,664,000 <SECURITIES> 242,000 <RECEIVABLES> 10,857,000 <ALLOWANCES> 0 <INVENTORY> 760,000 <CURRENT-ASSETS> 29,680,000 <PP&E> 1,744,000 <DEPRECIATION> 0 <TOTAL-ASSETS> 41,038,000 <CURRENT-LIABILITIES> 10,628,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 62,000 <OTHER-SE> 30,348,000 <TOTAL-LIABILITY-AND-EQUITY> 41,038,000 <SALES> 5,116,000 <TOTAL-REVENUES> 9,102,000 <CGS> 0 <TOTAL-COSTS> 4,058,000 <OTHER-EXPENSES> 3,932,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 1,278,000 <INCOME-TAX> 536,000 <INCOME-CONTINUING> 742,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 742,000 <EPS-BASIC> 0.12 <EPS-DILUTED> 0.12