<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMAY FINANCIAL INFORMATION EXTRACTED FROM THE 
BALANCE SHEET AND THE STATEMENT OF OPERATIONS AND IS QUALIFIED IN ITS 
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
            
                                  
<PERIOD-TYPE>                         9-MOS
<FISCAL-YEAR-END>                            JUN-30-1996
<PERIOD-END>                                 MAR-31-1996
<CASH>                                            14,547
<SECURITIES>                                      90,109
<RECEIVABLES>                                        350
<ALLOWANCES>                                           0
<INVENTORY>                                            0
<CURRENT-ASSETS>                                 107,248
<PP&E>                                            18,978
<DEPRECIATION>                                    13,035
<TOTAL-ASSETS>                                   113,191
<CURRENT-LIABILITIES>                             35,132
<BONDS>                                                0
<COMMON>                                         157,379
<PREFERRED-MANDATORY>                                  0
<PREFERRED>                                            0
<OTHER-SE>                                       (81,183)
<TOTAL-LIABILITY-AND-EQUITY>                     113,191
<SALES>                                                0
<TOTAL-REVENUES>                                  30,985
<CGS>                                                  0
<TOTAL-COSTS>                                     30,452
<OTHER-EXPENSES>                                  18,007
<LOSS-PROVISION>                                       0
<INTEREST-EXPENSE>                                   187
<INCOME-PRETAX>                                  (17,661)
<INCOME-TAX>                                           0
<INCOME-CONTINUING>                              (17,661)
<DISCONTINUED>                                         0
<EXTRAORDINARY>                                        0
<CHANGES>                                              0
<NET-INCOME>                                     (17,661)
<EPS-PRIMARY>                                      (1.84)
<EPS-DILUTED>                                      (1.84)