<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S CONDENSED CONSOLIDATED FINANCIAL STATEMENTS CONTAINED IN THE COMPANY'S FORM 10-Q FOR THE PERIOD(S) ENDED OCTOBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> JAN-31-1997 <PERIOD-START> FEB-01-1996 <PERIOD-END> OCT-31-1996 <CASH> 1,290,686 <SECURITIES> 27,968,903 <RECEIVABLES> 4,506,087 <ALLOWANCES> 185,000 <INVENTORY> 0 <CURRENT-ASSETS> 34,051,468 <PP&E> 2,352,913 <DEPRECIATION> 466,312 <TOTAL-ASSETS> 36,158,435 <CURRENT-LIABILITIES> 3,747,600 <BONDS> 0 <COMMON> 88,965 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 32,321,870 <TOTAL-LIABILITY-AND-EQUITY> 36,158,435 <SALES> 8,518,926 <TOTAL-REVENUES> 8,518,926 <CGS> 6,122,383 <TOTAL-COSTS> 11,464,086 <OTHER-EXPENSES> 79,684 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (2,098,222) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,098,222) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,098,222) <EPS-PRIMARY> (0.26) <EPS-DILUTED> 0