<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 5,938,400 <SECURITIES> 41,516,400 <RECEIVABLES> 6,280,300 <ALLOWANCES> 341,900 <INVENTORY> 0 <CURRENT-ASSETS> 60,483,200 <PP&E> 11,035,500 <DEPRECIATION> 0 <TOTAL-ASSETS> 88,271,800 <CURRENT-LIABILITIES> 6,728,600 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,846,600 <OTHER-SE> 68,823,600 <TOTAL-LIABILITY-AND-EQUITY> 88,271,800 <SALES> 10,710,500 <TOTAL-REVENUES> 12,424,900 <CGS> 5,575,000 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5,076,100 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (602,100) <INCOME-PRETAX> 2,375,900 <INCOME-TAX> 807,800 <INCOME-CONTINUING> 1,568,100 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,568,100 <EPS-PRIMARY> .08 <EPS-DILUTED> .08