<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE QUARTERLY REPORT ON FORM 10-Q FOR THE PERIOD ENDED JUNE 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <CURRENCY> US$ <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <EXCHANGE-RATE> 1 <CASH> 10,502 <SECURITIES> 5,018 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 16,584 <PP&E> 7,314 <DEPRECIATION> (6,753) <TOTAL-ASSETS> 17,145 <CURRENT-LIABILITIES> 5,028 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 18 <OTHER-SE> 12,099 <TOTAL-LIABILITY-AND-EQUITY> 17,145 <SALES> 0 <TOTAL-REVENUES> 551 <CGS> 0 <TOTAL-COSTS> 4,856 <OTHER-EXPENSES> 921 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (4,440) <INCOME-TAX> 0 <INCOME-CONTINUING> (4,440) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,440) <EPS-PRIMARY> (0.25) <EPS-DILUTED> (0.25)