<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL  INFORMATION EXTRACTED FROM THE BALANCE
SHEET AND STATEMENT OF OPERATIONS  AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              Sep-30-1997
<PERIOD-END>                                   Mar-31-1997
<CASH>                                         93,414,000
<SECURITIES>                                   29,471,000
<RECEIVABLES>                                  1,926,000
<ALLOWANCES>                                   0
<INVENTORY>                                    6,356,000
<CURRENT-ASSETS>                               137,128,000
<PP&E>                                         5,391,000
<DEPRECIATION>                                 (2,367,000)
<TOTAL-ASSETS>                                 177,792,000
<CURRENT-LIABILITIES>                          25,142,000
<BONDS>                                        0
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    3,500,000
<COMMON>                                       41,000
<OTHER-SE>                                     128,880,000<F1>
<TOTAL-LIABILITY-AND-EQUITY>                   177,792,000
<SALES>                                        14,173,000
<TOTAL-REVENUES>                               37,466,000
<CGS>                                          12,302,000
<TOTAL-COSTS>                                  52,992,000
<OTHER-EXPENSES>                               0
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             152,000
<INCOME-PRETAX>                                (10,781,000)
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            (10,781,000)
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (10,781,000)
<EPS-PRIMARY>                                  (0.26)
<EPS-DILUTED>                                  0
<FN>
<F1>   Additional paid - in capital - $249,020,000
       Accumulated Deficit - $ (117,559,000)
       FAS 115 Securities Adjustment - $(218,000)
       Treasury Stock - $(2,363,000)
</FN>