<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)