<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> OTHER 6-MOS <FISCAL-YEAR-END> JUN-30-1999 JUN-30-2000 <PERIOD-START> JUL-29-1998 JUL-01-1999 <PERIOD-END> JUN-30-1999 JAN-01-2000 <CASH> 7,533 18,799 <SECURITIES> 6,234 2,983 <RECEIVABLES> 0 2,485 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 48 24,746 <PP&E> 1,104 4,747 <DEPRECIATION> 70 667 <TOTAL-ASSETS> 15,063 29,570 <CURRENT-LIABILITIES> 1,289 14,608 <BONDS> 0 0 <PREFERRED-MANDATORY> 17,792 27,962 <PREFERRED> 0 0 <COMMON> 519 1,150 <OTHER-SE> (4,717) (14,246) <TOTAL-LIABILITY-AND-EQUITY> 15,063 29,570 <SALES> 0 15,790 <TOTAL-REVENUES> 0 15,790 <CGS> 0 10,822 <TOTAL-COSTS> 0 10,822 <OTHER-EXPENSES> 8,835 25,946 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 0 0 <INCOME-PRETAX> (8,357) (20,487) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (8,357) (20,487) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (8,357) (20,487) <EPS-BASIC> (1.06) (1.10) <EPS-DILUTED> (1.06) (1.10)