<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> Jun-30-1999 <PERIOD-START> Jul-01-1998 <PERIOD-END> Dec-31-1998 <CASH> 16,293,000 <SECURITIES> 0 <RECEIVABLES> 8,705,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 28,067,000 <PP&E> 5,811,000 <DEPRECIATION> 772,000 <TOTAL-ASSETS> 171,746,000 <CURRENT-LIABILITIES> 27,581,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 112,000 <OTHER-SE> 144,053,000 <TOTAL-LIABILITY-AND-EQUITY> 171,746,000 <SALES> 16,870,000 <TOTAL-REVENUES> 16,870,000 <CGS> 23,105,000 <TOTAL-COSTS> 16,473,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (22,708,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (22,708,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (22,708,000) <EPS-BASIC> (.70) <EPS-DILUTED> (.70)