<ARTICLE> 5 <RESTATED> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 39,986,609 <SECURITIES> 74,301,803 <RECEIVABLES> 4,073,642 <ALLOWANCES> 603,278 <INVENTORY> 0 <CURRENT-ASSETS> 121,703,426 <PP&E> 5,302,015 <DEPRECIATION> (1,175,703) <TOTAL-ASSETS> 121,703,426 <CURRENT-LIABILITIES> 12,950,427 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 17,896 <OTHER-SE> 119,730,071 <TOTAL-LIABILITY-AND-EQUITY> 133,669,929 <SALES> 0 <TOTAL-REVENUES> 9,631,927 <CGS> 0 <TOTAL-COSTS> 2,330,685 <OTHER-EXPENSES> 33,738,465 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 14,923 <INCOME-PRETAX> (25,968,851) <INCOME-TAX> 0 <INCOME-CONTINUING> (25,968,851) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (25,968,851) <EPS-BASIC> (.23) <EPS-DILUTED> (.23)