<ARTICLE> 5 <MULTIPLIER> 1000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 829 <SECURITIES> 15,037 <RECEIVABLES> 416 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 16,802 <PP&E> 5,334 <DEPRECIATION> 3,966 <TOTAL-ASSETS> 18,170 <CURRENT-LIABILITIES> 1,609 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 1 <COMMON> 15 <OTHER-SE> 16,545 <TOTAL-LIABILITY-AND-EQUITY> 18,170 <SALES> 0 <TOTAL-REVENUES> 1,769 <CGS> 0 <TOTAL-COSTS> 3,882 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,875) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,875) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,875) <EPS-PRIMARY> (.12) <EPS-DILUTED> (.12)