<ARTICLE>                     5
<LEGEND>
This schedule contains consolidated summary financial information extracted from
its Annual Report on Form 10-K for the year ended December 31, 1999 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>


                                              
<PERIOD-TYPE>                                    12-MOS
<FISCAL-YEAR-END>                                DEC-31-1999
<PERIOD-START>                                   JAN-01-1999
<PERIOD-END>                                     DEC-31-1999
<CASH>                                            58,486,000
<SECURITIES>                                      94,583,000
<RECEIVABLES>                                              0
<ALLOWANCES>                                               0
<INVENTORY>                                                0
<CURRENT-ASSETS>                                 156,114,000
<PP&E>                                             8,210,000
<DEPRECIATION>                                    (2,509,000)
<TOTAL-ASSETS>                                   166,497,000
<CURRENT-LIABILITIES>                             32,465,000
<BONDS>                                                9,000
<PREFERRED-MANDATORY>                                      0
<PREFERRED>                                                0
<COMMON>                                              38,000
<OTHER-SE>                                       115,235,000
<TOTAL-LIABILITY-AND-EQUITY>                     166,497,000
<SALES>                                                    0
<TOTAL-REVENUES>                                           0
<CGS>                                                      0
<TOTAL-COSTS>                                              0
<OTHER-EXPENSES>                                 111,186,000
<LOSS-PROVISION>                                           0
<INTEREST-EXPENSE>                                         0
<INCOME-PRETAX>                                 (104,621,000)
<INCOME-TAX>                                               0
<INCOME-CONTINUING>                             (104,621,000)
<DISCONTINUED>                                             0
<EXTRAORDINARY>                                            0
<CHANGES>                                                  0
<NET-INCOME>                                    (104,621,000)
<EPS-BASIC>                                            (3.18)
<EPS-DILUTED>                                          (3.18)