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<PERIOD-TYPE>                   YEAR                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999             JUN-30-1998
<PERIOD-START>                             JUL-01-1998             JUL-01-1997
<PERIOD-END>                               JUN-30-1999             JUN-30-1998
<CASH>                                          79,803                  12,677
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<DEPRECIATION>                                   2,203                   1,186
<TOTAL-ASSETS>                                 138,933                  39,144
<CURRENT-LIABILITIES>                           46,146                   9,836
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<PREFERRED>                                          0                      18
<COMMON>                                            31                       6
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<CGS>                                                0                       0
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<INCOME-PRETAX>                               (18,659)                (10,623)
<INCOME-TAX>                                     2,104                       0
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<NET-INCOME>                                  (20,763)                (10,623)
<EPS-BASIC>                                     (2.98)                  (2.03)
<EPS-DILUTED>                                   (2.98)                  (2.03)