<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED BALANCE SHEETS AND THE STATEMENTS OF OPERATIONS AS OF AND FOR THE
THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 1999 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JUL-01-1999
<PERIOD-END>                               SEP-30-1999
<CASH>                                           4,251
<SECURITIES>                                    51,612
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                60,745
<PP&E>                                           7,812
<DEPRECIATION>                                   2,820
<TOTAL-ASSETS>                                  66,783
<CURRENT-LIABILITIES>                            5,245
<BONDS>                                            867
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       108,965
<OTHER-SE>                                      48,294
<TOTAL-LIABILITY-AND-EQUITY>                    66,783
<SALES>                                              0
<TOTAL-REVENUES>                                 3,670
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 5,609
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 102
<INCOME-PRETAX>                                (1,279)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (1,279)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (1,279)
<EPS-BASIC>                                     (0.09)
<EPS-DILUTED>                                   (0.09)