<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR 6-MOS <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1998 <PERIOD-START> JAN-01-1997 JAN-01-1998 <PERIOD-END> DEC-31-1997 JUN-30-1998 <CASH> 17,243 3,774 <SECURITIES> 0 1,641 <RECEIVABLES> 13 82 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 17,353 5,500 <PP&E> 227 381 <DEPRECIATION> 60 42 <TOTAL-ASSETS> 17,585 6,048 <CURRENT-LIABILITIES> 6,792 4,078 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 16 16 <COMMON> 7 7 <OTHER-SE> 10,770 1,947 <TOTAL-LIABILITY-AND-EQUITY> 17,585 6,048 <SALES> 0 0 <TOTAL-REVENUES> 0 0 <CGS> 0 0 <TOTAL-COSTS> 12,562 9,050 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 190 106 <INCOME-PRETAX> (12,489) (8,874) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (12,489) (8,874) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (12,489) (8,874) <EPS-PRIMARY> (1.92) (1.32) <EPS-DILUTED> (1.92) (1.32)