<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> DEC-31-1999 <CASH> 25,689 <SECURITIES> 64,063 <RECEIVABLES> 4,410 <ALLOWANCES> (142) <INVENTORY> 0 <CURRENT-ASSETS> 96,994 <PP&E> 10,375 <DEPRECIATION> (3,018) <TOTAL-ASSETS> 118,291 <CURRENT-LIABILITIES> 5632 <BONDS> 1,465 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 35 <OTHER-SE> 111,150 <TOTAL-LIABILITY-AND-EQUITY> 118,291 <SALES> 21,841 <TOTAL-REVENUES> 21,841 <CGS> 0 <TOTAL-COSTS> 60,233 <OTHER-EXPENSES> 165 <LOSS-PROVISION> 302 <INTEREST-EXPENSE> 45 <INCOME-PRETAX> (36,201) <INCOME-TAX> 0 <INCOME-CONTINUING> (36,201) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (36,201) <EPS-BASIC> (1.52) <EPS-DILUTED> (1.52)