<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1998 <PERIOD-START> JAN-01-1999 JAN-01-1998 <PERIOD-END> MAR-31-1999 MAR-31-1998 <CASH> 29,025 19,360 <SECURITIES> 17,222 7,192 <RECEIVABLES> 1,396 115 <ALLOWANCES> 0 0 <INVENTORY> 0 366 <CURRENT-ASSETS> 48,261 27,509 <PP&E> 12,285 6,785 <DEPRECIATION> 0 0 <TOTAL-ASSETS> 61,856 34,599 <CURRENT-LIABILITIES> 11,569 17,662 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 98,983 54,967 <OTHER-SE> (780) (396) <TOTAL-LIABILITY-AND-EQUITY> 61,856 34,599 <SALES> 0 0 <TOTAL-REVENUES> 3,586 2,752 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 9,196 6,763 <LOSS-PROVISION> (5,610) (4,011) <INTEREST-EXPENSE> (289) (90) <INCOME-PRETAX> 0 0 <INCOME-TAX> 0 0 <INCOME-CONTINUING> 420 319 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (5,479) (3,782) <EPS-PRIMARY> (0.43) (0.36) <EPS-DILUTED> (0.43) (0.36)