<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM (A) THE COMPANY'S QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH (B) QUARTERLY REPORT. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 49,863 <SECURITIES> 1,879 <RECEIVABLES> 2,455 <ALLOWANCES> 0 <INVENTORY> 3,830 <CURRENT-ASSETS> 60,304 <PP&E> 23,795 <DEPRECIATION> 0 <TOTAL-ASSETS> 87,641 <CURRENT-LIABILITIES> 7,274 <BONDS> 45,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 19 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 87,641 <SALES> 1,629 <TOTAL-REVENUES> 3,603 <CGS> 1,375 <TOTAL-COSTS> 7,533 <OTHER-EXPENSES> 7,318 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,012 <INCOME-PRETAX> (11,707) <INCOME-TAX> 0 <INCOME-CONTINUING> (11,707) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (11,707) <EPS-PRIMARY> (0.69) <EPS-DILUTED> (0.69)