<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 24,006,000 <SECURITIES> 23,105,000 <RECEIVABLES> 6,823,000 <ALLOWANCES> 628,000 <INVENTORY> 0 <CURRENT-ASSETS> 56,427,000 <PP&E> 4,421,000 <DEPRECIATION> 0 <TOTAL-ASSETS> 61,694,000 <CURRENT-LIABILITIES> 17,487,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 144,000 <OTHER-SE> 43,484,000 <TOTAL-LIABILITY-AND-EQUITY> 61,694,000 <SALES> 20,479,000 <TOTAL-REVENUES> 28,998,000 <CGS> 462,000 <TOTAL-COSTS> 3,213,000 <OTHER-EXPENSES> 19,739,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 6,949,000 <INCOME-TAX> 2,432,000 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,517,000 <EPS-PRIMARY> 0.30 <EPS-DILUTED> 0.30