<ARTICLE> 5 <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 28,981 <SECURITIES> 0 <RECEIVABLES> 996 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 30,387 <PP&E> 2,650 <DEPRECIATION> 1,291 <TOTAL-ASSETS> 31,866 <CURRENT-LIABILITIES> 4,148 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 31,866 <SALES> 0 <TOTAL-REVENUES> 1,032 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5,338 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (4,061) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,061) <EPS-PRIMARY> (0.62) <EPS-DILUTED> (0.62)