<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 193,192 <SECURITIES> 234,789 <RECEIVABLES> 7,471 <ALLOWANCES> 600 <INVENTORY> 0 <CURRENT-ASSETS> 442,465 <PP&E> 15,188 <DEPRECIATION> 1,339 <TOTAL-ASSETS> 471,882 <CURRENT-LIABILITIES> 54,273 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 69 <OTHER-SE> 417,481 <TOTAL-LIABILITY-AND-EQUITY> 471,882 <SALES> 21,899 <TOTAL-REVENUES> 21,899 <CGS> 9,211 <TOTAL-COSTS> 9,211 <OTHER-EXPENSES> 64,332 <LOSS-PROVISION> 678 <INTEREST-EXPENSE> 10,852 <INCOME-PRETAX> (41,470) <INCOME-TAX> (93) <INCOME-CONTINUING> (42,482) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (42,482) <EPS-BASIC> (0.78) <EPS-DILUTED> (0.78)