<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1999 <PERIOD-START> APR-01-1999 JAN-01-1999 <PERIOD-END> JUN-30-1999 JUN-30-1999 <CASH> 27,636 27,636 <SECURITIES> 43,326 43,326 <RECEIVABLES> 491,272 491,272 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 562,234 562,234 <PP&E> 10,909 10,909 <DEPRECIATION> (4,277) (4,277) <TOTAL-ASSETS> 683,214 683,214 <CURRENT-LIABILITIES> 522,062 522,062 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 29 29 <OTHER-SE> 145,618 145,618 <TOTAL-LIABILITY-AND-EQUITY> 683,214 683,214 <SALES> 7,158 18,368 <TOTAL-REVENUES> 16,886 40,216 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 26,560 41,298 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 0 0 <INCOME-PRETAX> (8,718) (193) <INCOME-TAX> (3,487) (77) <INCOME-CONTINUING> (5,231) (116) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (5,231) (116) <EPS-BASIC> (0.18) 0.00 <EPS-DILUTED> (0.18) 0.00