<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACED FROM THE BALANCE SHEET, THE STATEMENT OF OPERATIONS, AND THE STATEMENT OF CASH FLOWS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUL-31-2001 <PERIOD-START> AUG-01-2000 <PERIOD-END> OCT-31-2000 <CASH> 47,693 <SECURITIES> 118,906 <RECEIVABLES> 3,902 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 171,350 <PP&E> 15,818 <DEPRECIATION> (5,411) <TOTAL-ASSETS> 208,007 <CURRENT-LIABILITIES> 6,274 <BONDS> 123,920 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2 <OTHER-SE> 77,813 <TOTAL-LIABILITY-AND-EQUITY> 208,007 <SALES> 0 <TOTAL-REVENUES> 3,252 <CGS> 0 <TOTAL-COSTS> 33,650 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 810 <INCOME-PRETAX> (29,588) <INCOME-TAX> 0 <INCOME-CONTINUING> (29,588) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (29,588) <EPS-BASIC> (1.93) <EPS-DILUTED> (1.93)