<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from SEC Form 10-K for the twelve months ended December 31, 1998 and is qualified in its entirety by reference to such financial statements. (in thousands except earnings per share) </LEGEND> <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 32,801 <SECURITIES> 39,720 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 6,166 <CURRENT-ASSETS> 77,973 <PP&E> 41,503 <DEPRECIATION> 17,781 <TOTAL-ASSETS> 156,020 <CURRENT-LIABILITIES> 26,895 <BONDS> 140,487 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 46 <OTHER-SE> (10,915) <TOTAL-LIABILITY-AND-EQUITY> 156,020 <SALES> 406 <TOTAL-REVENUES> 17,673 <CGS> 316 <TOTAL-COSTS> 14,701 <OTHER-EXPENSES> 56,038 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 8,322 <INCOME-PRETAX> (117,886) <INCOME-TAX> 0 <INCOME-CONTINUING> (117,886) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (117,886) <EPS-PRIMARY> (2.92) <EPS-DILUTED> (2.92)