<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE THREE MONTHS ENDED MARCH 31, 1999 AND 2000, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1999 MAR-31-1999 MAR-31-2000 <PERIOD-START> JAN-01-1999 JAN-01-1999 JAN-01-2000 <PERIOD-END> DEC-31-1999 MAR-31-1999 MAR-31-2000 <CASH> 6,221,000 0 125,588,000 <SECURITIES> 256,390,000 0 274,154,000 <RECEIVABLES> 22,262,000 0 18,512,000 <ALLOWANCES> (2,429,000) 0 (2,877,000) <INVENTORY> 0 0 0 <CURRENT-ASSETS> 284,463,000 0 417,425,000 <PP&E> 22,497,000 0 24,583,000 <DEPRECIATION> 6,985,000 0 7,786,000 <TOTAL-ASSETS> 527,536,000 0 868,304,000 <CURRENT-LIABILITIES> 10,136,000 0 12,373,000 <BONDS> 82,626,000 0 83,697,000 <PREFERRED-MANDATORY> 0 0 0 <PREFERRED> 0 0 0 <COMMON> 23,000 0 28,000 <OTHER-SE> 420,233,000 0 757,998,000 <TOTAL-LIABILITY-AND-EQUITY> 527,536,000 0 868,304,000 <SALES> 0 13,390,000 25,124,000 <TOTAL-REVENUES> 0 13,390,000 25,124,000 <CGS> 0 (1,573,000) (2,972,000) <TOTAL-COSTS> 0 (1,573,000) (2,972,000) <OTHER-EXPENSES> 0 11,817,000 19,146,000 <LOSS-PROVISION> 0 141,000 57,000 <INTEREST-EXPENSE> 0 3,737,000 3,582,000 <INCOME-PRETAX> 0 (3,684,000) 3,661,000 <INCOME-TAX> 0 251,000 1,600,000 <INCOME-CONTINUING> 0 (3,935,000) 2,061,000 <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 0 0 <CHANGES> 0 0 0 <NET-INCOME> 0 (3,935,000) 2,061,000 <EPS-BASIC> 0.00 (0.52) 0.08 <EPS-DILUTED> 0.00 (0.52) 0.08