<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> Dec-31-1998 <PERIOD-END> Jun-30-1998 <CASH> 25,010 <SECURITIES> 22,740 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 48,322 <PP&E> 30,786 <DEPRECIATION> 26,715 <TOTAL-ASSETS> 56,966 <CURRENT-LIABILITIES> 10,008 <BONDS> 0 <COMMON> 21 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 21,303 <TOTAL-LIABILITY-AND-EQUITY> 56,966 <SALES> 0 <TOTAL-REVENUES> 37 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 14,374 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 887 <INCOME-PRETAX> (14,163) <INCOME-TAX> 0 <INCOME-CONTINUING> (14,163) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (14,163) <EPS-PRIMARY> (0.34) <EPS-DILUTED> (0.34)