<ARTICLE>                                                         5
<LEGEND>
     THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM
SPECTRUM INFORMATION TECHNOLOGIES,  INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATED
FINANCIAL  STATEMENTS  AND IS  QUALIFIED  IN ITS  ENTIRETY BY  REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                                                  1,000
       
                                                             
<PERIOD-TYPE>                                                 9-MOS
<FISCAL-YEAR-END>                                       MAR-31-1999
<PERIOD-END>                                            DEC-31-1998
<CASH>                                                        1,060
<SECURITIES>                                                      0
<RECEIVABLES>                                                    24
<ALLOWANCES>                                                      0
<INVENTORY>                                                       0
<CURRENT-ASSETS>                                              1,092
<PP&E>                                                          301
<DEPRECIATION>                                                  301
<TOTAL-ASSETS>                                                1,092
<CURRENT-LIABILITIES>                                           119
<BONDS>                                                           0
<PREFERRED-MANDATORY>                                             0
<PREFERRED>                                                       1
<COMMON>                                                          7
<OTHER-SE>                                                      845
<TOTAL-LIABILITY-AND-EQUITY>                                  1,092
<SALES>                                                           8
<TOTAL-REVENUES>                                              2,324
<CGS>                                                             0
<TOTAL-COSTS>                                                 1,668
<OTHER-EXPENSES>                                                  0
<LOSS-PROVISION>                                                  0
<INTEREST-EXPENSE>                                                0
<INCOME-PRETAX>                                             (1,259)
<INCOME-TAX>                                                      0
<INCOME-CONTINUING>                                         (1,259)
<DISCONTINUED>                                                    0
<EXTRAORDINARY>                                                   0
<CHANGES>                                                         0
<NET-INCOME>                                                (1,259)
<EPS-PRIMARY>                                                 (.65)
<EPS-DILUTED>                                                 (.65)