<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR 9-MOS <FISCAL-YEAR-END> DEC-31-1998 SEP-30-1999 <PERIOD-START> JAN-01-1998 JAN-01-1999 <PERIOD-END> DEC-31-1998 SEP-30-1999 <CASH> 2,296 258,900 <SECURITIES> 0 0 <RECEIVABLES> 478 751 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 2,774 261,247 <PP&E> 12,937 45,177 <DEPRECIATION> (392) (971) <TOTAL-ASSETS> 15,450 317,320 <CURRENT-LIABILITIES> 16,480 31,507 <BONDS> 4,319 157,967 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 0 120 <OTHER-SE> (5,350) 127,726 <TOTAL-LIABILITY-AND-EQUITY> 15,450 317,320 <SALES> 0 0 <TOTAL-REVENUES> 0 0 <CGS> 0 0 <TOTAL-COSTS> 0 0 <OTHER-EXPENSES> 3,800 6,241 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 1,392 9,358 <INCOME-PRETAX> (5,192) (15,599) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (5,192) (15,599) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (5,192) (15,599) <EPS-BASIC> (1.54) (4.57) <EPS-DILUTED> (1.54) (4.57)