<ARTICLE> 5 <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 3-MOS 6-MOS YEAR <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996 DEC-31-1996 DEC-31-1997 <PERIOD-START> JAN-01-1996 APR-01-1996 JAN-01-1996 JAN-01-1997 <PERIOD-END> MAR-31-1996 JUN-30-1996 JUN-30-1996 DEC-31-1997 <CASH> 31,275 36,585 36,585 44,346 <SECURITIES> 95,558 81,476 81,476 160,866 <RECEIVABLES> 0 0 0 0 <ALLOWANCES> 0 0 0 0 <INVENTORY> 0 0 0 0 <CURRENT-ASSETS> 129,658 131,727 131,727 207,332 <PP&E> 26,190 27,834 27,834 37,378 <DEPRECIATION> 8,789 9,719 9,719 16,731 <TOTAL-ASSETS> 150,085 152,875 152,875 236,332 <CURRENT-LIABILITIES> 7,441 7,346 7,346 10,420 <BONDS> 3,986 3,769 3,769 2,668 <PREFERRED-MANDATORY> 0 0 0 0 <PREFERRED> 0 0 0 0 <COMMON> 186 187 187 223 <OTHER-SE> 138,108 141,185 141,185 223,031 <TOTAL-LIABILITY-AND-EQUITY> 150,085 152,875 152,875 236,232 <SALES> 0 0 0 0 <TOTAL-REVENUES> 13,934 13,060 26,984 25,605 <CGS> 0 0 0 0 <TOTAL-COSTS> 0 0 0 57,253 <OTHER-EXPENSES> 9,012 9,491 18,503 0 <LOSS-PROVISION> 0 0 0 0 <INTEREST-EXPENSE> 108 103 211 389 <INCOME-PRETAX> 4,377 2,680 7,057 (21,148) <INCOME-TAX> 90 51 141 245 <INCOME-CONTINUING> 4,287 2,629 6,916 (21,393) <DISCONTINUED> 0 0 0 0 <EXTRAORDINARY> 0 0 0 0 <CHANGES> 0 0 0 0 <NET-INCOME> 4,287 2,629 6,916 (21,393) <EPS-PRIMARY> 0.23 0.14 0.37 (0.99) <EPS-DILUTED> 0.22 0.13 0.35 (0.99)