<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 15,767 <SECURITIES> 8,439 <RECEIVABLES> 15,028 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 46,254 <PP&E> 8,352 <DEPRECIATION> 2,157 <TOTAL-ASSETS> 79,625 <CURRENT-LIABILITIES> 25,543 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 75 <OTHER-SE> 50,274 <TOTAL-LIABILITY-AND-EQUITY> 79,625 <SALES> 44,233 <TOTAL-REVENUES> 44,233 <CGS> 25,818 <TOTAL-COSTS> 39,004 <OTHER-EXPENSES> (310) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 425 <INCOME-PRETAX> 5,114 <INCOME-TAX> 1,451 <INCOME-CONTINUING> 3,663 <DISCONTINUED> 0 <EXTRAORDINARY> (1,140) <CHANGES> 0 <NET-INCOME> 2,523 <EPS-PRIMARY> 0.38 <EPS-DILUTED> 0.33 <FN> Earnings per share basic (EPS-PRIMARY) and diluted reflects the adjustment for income taxes as if the company were a C Corporation for the entire period. </FN>