<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 12,016 <SECURITIES> 107,352 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 127,125 <PP&E> 31,944 <DEPRECIATION> (14,729) <TOTAL-ASSETS> 145,694 <CURRENT-LIABILITIES> 30,061 <BONDS> 2,200 <PREFERRED-MANDATORY> 0 <PREFERRED> 300 <COMMON> 30 <OTHER-SE> 111,968 <TOTAL-LIABILITY-AND-EQUITY> 145,694 <SALES> 0 <TOTAL-REVENUES> 2,143 <CGS> 0 <TOTAL-COSTS> 39,381 <OTHER-EXPENSES> (2,919) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 292 <INCOME-PRETAX> (34,611) <INCOME-TAX> 0 <INCOME-CONTINUING> (34,611) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (34,611) <EPS-BASIC> (1.51) <EPS-DILUTED> (1.51)