<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> Jun-30-1999 <PERIOD-START> Jul-01-1998 <PERIOD-END> Mar-31-1999 <CASH> 12,231,000 <SECURITIES> 0 <RECEIVABLES> 15,072,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 32,354,000 <PP&E> 5,527,000 <DEPRECIATION> 633,000 <TOTAL-ASSETS> 164,982,000 <CURRENT-LIABILITIES> 23,915,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 119,000 <OTHER-SE> 136,613,000 <TOTAL-LIABILITY-AND-EQUITY> 164,981,000 <SALES> 27,568,000 <TOTAL-REVENUES> 27,568,000 <CGS> 40,892,000 <TOTAL-COSTS> 29,067,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (42,391,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (42,391,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (42,391,000) <EPS-BASIC> (.71) <EPS-DILUTED> (.71)