<ARTICLE> 5 <PERIOD-TYPE> 3-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996 <PERIOD-START> JAN-01-1996 JAN-01-1996 <PERIOD-END> MAR-31-1996 JUN-30-1996 <CASH> 0 34,118,404 <SECURITIES> 0 6,014,594 <RECEIVABLES> 0 3,982,786 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 0 44,585,712 <PP&E> 0 4,962,704 <DEPRECIATION> 0 1,321,503 <TOTAL-ASSETS> 0 49,103,272 <CURRENT-LIABILITIES> 0 18,576,948 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 0 141,065 <OTHER-SE> 0 29,257,083 <TOTAL-LIABILITY-AND-EQUITY> 0 49,103,272 <SALES> 5,647,727 10,677,018 <TOTAL-REVENUES> 5,647,727 10,677,018 <CGS> 2,637,334 4,894,840 <TOTAL-COSTS> 41,542,773 46,328,169 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 37,008 775,215 <INCOME-PRETAX> 38,338,143 40,848,367 <INCOME-TAX> 0 0 <INCOME-CONTINUING> 0 0 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 38,338,143 40,848,367 <EPS-PRIMARY> (3.09) (3.67) <EPS-DILUTED> (3.09) (3.67)