<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JUL-01-1999 <PERIOD-END> SEP-30-1999 <CASH> 202,149,000 <SECURITIES> 0 <RECEIVABLES> 48,003,000 <ALLOWANCES> 2,213,000 <INVENTORY> 0 <CURRENT-ASSETS> 256,285,000 <PP&E> 68,179,000 <DEPRECIATION> 9,628,000 <TOTAL-ASSETS> 821,530,000 <CURRENT-LIABILITIES> 15,332,000 <BONDS> 285,232,000 <PREFERRED-MANDATORY> 147,986,000 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 366,276,000 <TOTAL-LIABILITY-AND-EQUITY> 821,530,000 <SALES> 51,293,000 <TOTAL-REVENUES> 51,293,000 <CGS> 4,000,000 <TOTAL-COSTS> 4,000,000 <OTHER-EXPENSES> 42,740,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 6,870,000 <INCOME-PRETAX> 277,000 <INCOME-TAX> 93,000 <INCOME-CONTINUING> 184,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,764,000) <EPS-BASIC> (0.17) <EPS-DILUTED> (0.17)