<ARTICLE>      5
<LEGEND>       THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
               FROM THE ACCOMPANYING FINANCIAL STATEMENTS AND IS QUALIFIED IN
               ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                                 
<PERIOD-TYPE>                       9-MOS
<FISCAL-YEAR-END>                   DEC-31-1999
<PERIOD-START>                      Jan-01-1999
<PERIOD-END>                        Sep-30-1999
<CASH>                                 14,341
<SECURITIES>                          120,327
<RECEIVABLES>                           3,000
<ALLOWANCES>                                0
<INVENTORY>                                 0
<CURRENT-ASSETS>                       23,879
<PP&E>                                 37,727
<DEPRECIATION>                              0
<TOTAL-ASSETS>                        175,945
<CURRENT-LIABILITIES>                   7,393
<BONDS>                                     0
<PREFERRED-MANDATORY>                       0
<PREFERRED>                                 0
<COMMON>                                  187
<OTHER-SE>                            158,558
<TOTAL-LIABILITY-AND-EQUITY>          175,945
<SALES>                                27,697
<TOTAL-REVENUES>                       27,697
<CGS>                                       0
<TOTAL-COSTS>                               0
<OTHER-EXPENSES>                       32,081
<LOSS-PROVISION>                            0
<INTEREST-EXPENSE>                          0
<INCOME-PRETAX>                        (4,384)
<INCOME-TAX>                                0
<INCOME-CONTINUING>                    (4,384)
<DISCONTINUED>                              0
<EXTRAORDINARY>                             0
<CHANGES>                                   0
<NET-INCOME>                           (4,384)
<EPS-BASIC>                          ($0.24)
<EPS-DILUTED>                          ($0.24)