<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANICAL STATEMENTS INCLUDED IN PART II, ITEM 8 OF FORM 10-Q DATED SEPTEMBER
30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               SEP-30-1999
<CASH>                                          47,109
<SECURITIES>                                    27,843
<RECEIVABLES>                                      798
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                79,025
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 119,022
<CURRENT-LIABILITIES>                           13,144
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            50
<OTHER-SE>                                     105,828
<TOTAL-LIABILITY-AND-EQUITY>                   119,022
<SALES>                                              0
<TOTAL-REVENUES>                                 7,699
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                75,762
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                               (69,056)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                           (69,056)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (69,056)
<EPS-BASIC>                                    (13.94)
<EPS-DILUTED>                                  (13.94)