<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 1,068,529 <SECURITIES> 496,020 <RECEIVABLES> 29,964 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,391,812 <PP&E> 26,898 <DEPRECIATION> 10,204 <TOTAL-ASSETS> 1,694,885 <CURRENT-LIABILITIES> 74,450 <BONDS> 1,150,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2 <OTHER-SE> 470,433 <TOTAL-LIABILITY-AND-EQUITY> 1,694,885 <SALES> 63,886 <TOTAL-REVENUES> 63,886 <CGS> 25,101 <TOTAL-COSTS> 25,101 <OTHER-EXPENSES> 32,900 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,895 <INCOME-PRETAX> 10,530 <INCOME-TAX> 4,450 <INCOME-CONTINUING> 8,071 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 8,071 <EPS-BASIC> 0.05 <EPS-DILUTED> 0.05