<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 7,835 <SECURITIES> 31,452 <RECEIVABLES> 705 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 40,429 <PP&E> 9,869 <DEPRECIATION> (6,086) <TOTAL-ASSETS> 63,701 <CURRENT-LIABILITIES> 7,948 <BONDS> 15,327 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 17 <OTHER-SE> 26,209 <TOTAL-LIABILITY-AND-EQUITY> 63,701 <SALES> 0 <TOTAL-REVENUES> 5,412 <CGS> 0 <TOTAL-COSTS> 49,548 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,503 <INCOME-PRETAX> (46,376) <INCOME-TAX> 0 <INCOME-CONTINUING> (46,376) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (46,449) <EPS-BASIC> (3.00) <EPS-DILUTED> (3.00)