<ARTICLE> 5 <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> APR-01-1998 <PERIOD-END> JUN-30-1998 <EXCHANGE-RATE> 1 <CASH> 34,078 <SECURITIES> 40,472 <RECEIVABLES> 10,226 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 87,915 <PP&E> 50,427 <DEPRECIATION> (17,474) <TOTAL-ASSETS> 139,667 <CURRENT-LIABILITIES> 20,862 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 30 <OTHER-SE> 87,857 <TOTAL-LIABILITY-AND-EQUITY> 139,667 <SALES> 0 <TOTAL-REVENUES> 28,236 <CGS> 0 <TOTAL-COSTS> 34,639 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 479 <INCOME-PRETAX> (2,201) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,201) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,201) <EPS-PRIMARY> (.07) <EPS-DILUTED> 0