<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> JUN-30-1997 <PERIOD-START> JUL-01-1996 <PERIOD-END> JUN-30-1997 <CASH> 7,900 <SECURITIES> 35,831 <RECEIVABLES> 2,131 <ALLOWANCES> 47 <INVENTORY> 1,717 <CURRENT-ASSETS> 48,550 <PP&E> 2,251 <DEPRECIATION> 688 <TOTAL-ASSETS> 51,062 <CURRENT-LIABILITIES> 1,715 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 13 <OTHER-SE> 48,974 <TOTAL-LIABILITY-AND-EQUITY> 51,062 <SALES> 4,090 <TOTAL-REVENUES> 8,986 <CGS> (2,385) <TOTAL-COSTS> (2,385) <OTHER-EXPENSES> 11,015 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,538 <INCOME-PRETAX> (1,876) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,876) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,876) <EPS-PRIMARY> (.14) <EPS-DILUTED> (.14)