<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 127,101,000 <SECURITIES> 0 <RECEIVABLES> 1,100,000 <ALLOWANCES> 80,000 <INVENTORY> 0 <CURRENT-ASSETS> 128,916,000 <PP&E> 1,722,000 <DEPRECIATION> 234,000 <TOTAL-ASSETS> 130,672,000 <CURRENT-LIABILITIES> 6,535,000 <BONDS> 0 <COMMON> 245,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 123,892,000 <TOTAL-LIABILITY-AND-EQUITY> 130,672,000 <SALES> 0 <TOTAL-REVENUES> 5,251,000 <CGS> 3,681,000 <TOTAL-COSTS> 16,602,000 <OTHER-EXPENSES> (1,121,000) <LOSS-PROVISION> 40,000 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (13,911,000) <INCOME-TAX> 95,000 <INCOME-CONTINUING> (14,005,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (14,005,000) <EPS-BASIC> (0.97) <EPS-DILUTED> (0.97)