<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> APR-30-1997 <PERIOD-START> MAY-01-1996 <PERIOD-END> JUL-31-1996 <CASH> 16,436 <SECURITIES> 0 <RECEIVABLES> 13,877 <ALLOWANCES> 0 <INVENTORY> 16,340 <CURRENT-ASSETS> 53,427 <PP&E> 7,476 <DEPRECIATION> 0 <TOTAL-ASSETS> 67,256 <CURRENT-LIABILITIES> 13,000 <BONDS> 5,346 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 76 <OTHER-SE> 48,707 <TOTAL-LIABILITY-AND-EQUITY> 67,256 <SALES> 0 <TOTAL-REVENUES> 19,194 <CGS> 8,362 <TOTAL-COSTS> 7,348 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 3,663 <INCOME-TAX> 1,209 <INCOME-CONTINUING> 2,454 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,454 <EPS-PRIMARY> 0.31 <EPS-DILUTED> 0.31