<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-END> MAR-30-2000 <CASH> 5,111,885 <SECURITIES> 17,345,392 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 36,380,055 <PP&E> 2,810,268 <DEPRECIATION> 590,411 <TOTAL-ASSETS> 59,532,956 <CURRENT-LIABILITIES> 5,337,867 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 17,743 <OTHER-SE> 50,046,035 <TOTAL-LIABILITY-AND-EQUITY> 59,532,956 <SALES> 856,585 <TOTAL-REVENUES> 856,585 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 11,821,548 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 31,358 <INCOME-PRETAX> (10,682,257) <INCOME-TAX> 0 <INCOME-CONTINUING> (10,682,257) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (10,682,257) <EPS-BASIC> (.68) <EPS-DILUTED> (.68)