<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION FROM THE ACCOMPANYING FINANCIAL STATEMENTS AND IS QUA ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENT </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> APR-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 16,715 <SECURITIES> 90,748 <RECEIVABLES> 3,335 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 110,798 <PP&E> 13,349 <DEPRECIATION> 0 <TOTAL-ASSETS> 173,723 <CURRENT-LIABILITIES> 7,476 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 185 <OTHER-SE> 166,062 <TOTAL-LIABILITY-AND-EQUITY> 173,723 <SALES> 8,358 <TOTAL-REVENUES> 8,358 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 9,286 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (928) <INCOME-TAX> 0 <INCOME-CONTINUING> (928) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (928) <EPS-PRIMARY> ($0.05) <EPS-DILUTED> ($0.05)