<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> SEP-30-1999 <CASH> 133,501,000 <SECURITIES> 0 <RECEIVABLES> 3,635,000 <ALLOWANCES> 254,000 <INVENTORY> 0 <CURRENT-ASSETS> 140,742,000 <PP&E> 18,882,000 <DEPRECIATION> 2,797,000 <TOTAL-ASSETS> 179,856,000 <CURRENT-LIABILITIES> 16,698,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 58,000 <OTHER-SE> 159,796,000 <TOTAL-LIABILITY-AND-EQUITY> 179,856,000 <SALES> 11,092,000 <TOTAL-REVENUES> 11,092,000 <CGS> 0 <TOTAL-COSTS> 76,551,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 507,000 <INCOME-PRETAX> (62,777,000) <INCOME-TAX> 116,000 <INCOME-CONTINUING> (62,893,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (62,893,000) <EPS-BASIC> (1.97) <EPS-DILUTED> (1.97)