<ARTICLE>                               5
<LEGEND>
     This schedule  contains summary  financial  information  extracted from the
     Company's  unaudited  Consolidated  Statement of  Operations,  Consolidated
     Balance Sheet, and  Consolidated  Statement of Cash Flows, in each case for
     the three months ended March 31, 2000,  and is qualified in its entirety by
     reference to such financial statements.
</LEGEND>
<MULTIPLIER>                             1,000
<CURRENCY>                               U.S. Dollars

                                     
<PERIOD-TYPE>                            3-MOS
<FISCAL-YEAR-END>                        DEC-31-2000
<PERIOD-START>                           JAN-01-2000
<PERIOD-END>                             MAR-31-2000
<EXCHANGE-RATE>                                 1
<CASH>                                    448,631
<SECURITIES>                              214,569
<RECEIVABLES>                              17,073
<ALLOWANCES>                                    0
<INVENTORY>                                36,040
<CURRENT-ASSETS>                          615,554
<PP&E>                                    123,915
<DEPRECIATION>                                  0
<TOTAL-ASSETS>                          1,379,595
<CURRENT-LIABILITIES>                      98,915
<BONDS>                                   722,973
<PREFERRED-MANDATORY>                           0
<PREFERRED>                                     0
<COMMON>                                      552
<OTHER-SE>                                 47,637
<TOTAL-LIABILITY-AND-EQUITY>            1,379,595
<SALES>                                     5,018
<TOTAL-REVENUES>                           22,170
<CGS>                                       5,256
<TOTAL-COSTS>                              51,412
<OTHER-EXPENSES>                            9,094
<LOSS-PROVISION>                                0
<INTEREST-EXPENSE>                         14,981
<INCOME-PRETAX>                            (3,994)
<INCOME-TAX>                               (3,994)
<INCOME-CONTINUING>                        (3,994)
<DISCONTINUED>                                  0
<EXTRAORDINARY>                                 0
<CHANGES>                                       0
<NET-INCOME>                               (4,500)
<EPS-BASIC>                               (0.09)
<EPS-DILUTED>                               (0.09)