<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONDENSED
UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS AND CONDENSED UNAUDITED
CONSOLIDATED BALANCE SHEET AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-START>                             JUL-01-1998
<PERIOD-END>                               SEP-30-1998
<EXCHANGE-RATE>                                      1
<CASH>                                       9,230,572
<SECURITIES>                                38,469,783
<RECEIVABLES>                                  744,944
<ALLOWANCES>                                    75,000
<INVENTORY>                                          0
<CURRENT-ASSETS>                            17,587,371
<PP&E>                                      19,296,551
<DEPRECIATION>                               6,653,087
<TOTAL-ASSETS>                              62,808,386
<CURRENT-LIABILITIES>                        7,780,387
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        93,557
<OTHER-SE>                                  54,934,442
<TOTAL-LIABILITY-AND-EQUITY>                62,808,386
<SALES>                                        913,470
<TOTAL-REVENUES>                             5,559,986
<CGS>                                          602,872
<TOTAL-COSTS>                                8,975,777
<OTHER-EXPENSES>                                19,441
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               2,371
<INCOME-PRETAX>                            (2,702,502)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (2,702,502)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (2,702,502)
<EPS-PRIMARY>                                    (.29)
<EPS-DILUTED>                                    (.29)