<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL STATEMENTS CONTAINED IN THE COMPANY'S QUARTERLY REPORT ON
FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 1999 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               SEP-30-1999
<CASH>                                           5,786
<SECURITIES>                                    53,864
<RECEIVABLES>                                       12
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                59,765
<PP&E>                                           3,290
<DEPRECIATION>                                     133
<TOTAL-ASSETS>                                  63,529
<CURRENT-LIABILITIES>                            2,298
<BONDS>                                          1,797
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           159
<OTHER-SE>                                      59,269
<TOTAL-LIABILITY-AND-EQUITY>                    63,529
<SALES>                                            161
<TOTAL-REVENUES>                                   161
<CGS>                                                0
<TOTAL-COSTS>                                   25,988
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  27
<INCOME-PRETAX>                               (24,682)
<INCOME-TAX>                                         3
<INCOME-CONTINUING>                           (24,685)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (24,685)
<EPS-BASIC>                                     (1.97)
<EPS-DILUTED>                                   (1.97)