<ARTICLE> 5 <LEGEND> EPS PRIMARY REPRESENTS BASIC NET LOSS PER SHARE <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 15517 <SECURITIES> 8788 <RECEIVABLES> 261 <ALLOWANCES> 0 <INVENTORY> 520 <CURRENT-ASSETS> 25495 <PP&E> 4417 <DEPRECIATION> 0 <TOTAL-ASSETS> 30294 <CURRENT-LIABILITIES> 9496 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 54976 <OTHER-SE> (490) <TOTAL-LIABILITY-AND-EQUITY> 30294 <SALES> 0 <TOTAL-REVENUES> 3685 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 19464 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (234) <INCOME-PRETAX> (14684) <INCOME-TAX> 0 <INCOME-CONTINUING> (14684) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (14684) <EPS-PRIMARY> (1.43) <EPS-DILUTED> (1.43)