<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S REPORT ON FORM 10-Q FOR THE THREE MONTHS ENDED OCTOBER 31, 1999,
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUL-31-2000
<PERIOD-START>                             AUG-01-1999
<PERIOD-END>                               OCT-31-1999
<CASH>                                      84,757,962
<SECURITIES>                                         0
<RECEIVABLES>                                1,062,376
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            98,557,547
<PP&E>                                      26,095,177
<DEPRECIATION>                             (3,710,265)
<TOTAL-ASSETS>                             125,738,602
<CURRENT-LIABILITIES>                       16,242,239
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       116,727
<OTHER-SE>                                 104,535,944
<TOTAL-LIABILITY-AND-EQUITY>               125,738,602
<SALES>                                              0
<TOTAL-REVENUES>                            13,136,918
<CGS>                                        6,834,111
<TOTAL-COSTS>                               22,588,731
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           (227,339)
<INCOME-PRETAX>                            (8,365,270)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (8,365,270)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (8,365,270)
<EPS-BASIC>                                     (0.17)
<EPS-DILUTED>                                   (0.17)