<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> APR-30-1997 <PERIOD-START> AUG-01-1996 <PERIOD-END> OCT-31-1996 <CASH> 6,835 <SECURITIES> 0 <RECEIVABLES> 19,060 <ALLOWANCES> 0 <INVENTORY> 20,268 <CURRENT-ASSETS> 53,755 <PP&E> 11,626 <DEPRECIATION> 0 <TOTAL-ASSETS> 70,904 <CURRENT-LIABILITIES> 13,834 <BONDS> 5,166 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 76 <OTHER-SE> 51,752 <TOTAL-LIABILITY-AND-EQUITY> 70,904 <SALES> 0 <TOTAL-REVENUES> 21,780 <CGS> 9,420 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 8,022 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 4,444 <INCOME-TAX> 1,526 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,933 <EPS-PRIMARY> .37 <EPS-DILUTED> .37