<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 2,968 <SECURITIES> 1,571 <RECEIVABLES> 15,812 <ALLOWANCES> 1,010 <INVENTORY> 1,949 <CURRENT-ASSETS> 22,250 <PP&E> 26,935 <DEPRECIATION> 11,127 <TOTAL-ASSETS> 107,931 <CURRENT-LIABILITIES> 22,067 <BONDS> 43,581 <PREFERRED-MANDATORY> 0 <PREFERRED> 3,730 <COMMON> 11,704 <OTHER-SE> 24,017 <TOTAL-LIABILITY-AND-EQUITY> 107,931 <SALES> 177 <TOTAL-REVENUES> 10,330 <CGS> 175 <TOTAL-COSTS> 5,308 <OTHER-EXPENSES> 37,895 <LOSS-PROVISION> 323 <INTEREST-EXPENSE> 504 <INCOME-PRETAX> (22,508) <INCOME-TAX> 0 <INCOME-CONTINUING> (22,508) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (22,508) <EPS-PRIMARY> 1.97 <EPS-DILUTED> 1.97