<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-31-1999 <PERIOD-START> Jan-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 27,352 <SECURITIES> 112,909 <RECEIVABLES> 5,436 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 47,736 <PP&E> 22,931 <DEPRECIATION> 0 <TOTAL-ASSETS> 169,711 <CURRENT-LIABILITIES> 9,179 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 186 <OTHER-SE> 160,346 <TOTAL-LIABILITY-AND-EQUITY> 169,711 <SALES> 8,835 <TOTAL-REVENUES> 8,835 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 10,725 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,890) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,890) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,890) <EPS-PRIMARY> ($0.10) <EPS-DILUTED> ($0.10)