<ARTICLE> 5 <MULTIPLIER> 1000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 28,247 <SECURITIES> 4,002 <RECEIVABLES> 258 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 32,662 <PP&E> 1,434 <DEPRECIATION> 484 <TOTAL-ASSETS> 33,762 <CURRENT-LIABILITIES> 4,175 <BONDS> 0 <COMMON> 174 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 29,413 <TOTAL-LIABILITY-AND-EQUITY> 33,762 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 3,321 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (2,876) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,876) <EPS-BASIC> (.17) <EPS-DILUTED> (.17)