<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAR-31-2000 <PERIOD-START> JUL-01-1999 <PERIOD-END> SEP-30-1999 <CASH> 1,297,000 <SECURITIES> 0 <RECEIVABLES> 482,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,824,000 <PP&E> 530,000 <DEPRECIATION> (96,000) <TOTAL-ASSETS> 21,217,000 <CURRENT-LIABILITIES> 2,003,000 <BONDS> 0 <PREFERRED-MANDATORY> 38,204,000 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (23,687,000) <TOTAL-LIABILITY-AND-EQUITY> 21,217,000 <SALES> 1,861,000 <TOTAL-REVENUES> 1,861,000 <CGS> 920,000 <TOTAL-COSTS> 920,000 <OTHER-EXPENSES> 10,860,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7,000 <INCOME-PRETAX> (9,926,000) <INCOME-TAX> (1,285,000) <INCOME-CONTINUING> (8,641,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (8,641,000) <EPS-BASIC> (.45) <EPS-DILUTED> 0