<ARTICLE> 5
<MULTIPLIER> 1

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          MAR-31-2001
<PERIOD-END>                               JUN-30-2000
<CASH>                                     129,635,620
<SECURITIES>                                66,516,351
<RECEIVABLES>                                8,618,779
<ALLOWANCES>                                   842,000
<INVENTORY>                                          0
<CURRENT-ASSETS>                           169,880,498
<PP&E>                                       4,421,442
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                             225,139,524
<CURRENT-LIABILITIES>                       32,203,451
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       325,960
<OTHER-SE>                                 183,957,913
<TOTAL-LIABILITY-AND-EQUITY>               225,239,524
<SALES>                                     15,556,581
<TOTAL-REVENUES>                            15,556,581
<CGS>                                        6,196,150
<TOTAL-COSTS>                               25,093,486
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              6,555,228
<INCOME-TAX>                                    57,753
<INCOME-CONTINUING>                          6,612,981
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 6,612,981
<EPS-BASIC>                                      (.20)
<EPS-DILUTED>                                    (.20)