<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL STATEMENTS OF SUMMIT MEDICAL SYSTEMS, INC. DATED MARCH
31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<RESTATED> 
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                       8,580,164
<SECURITIES>                                31,762,314
<RECEIVABLES>                                1,455,206
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            41,816,645
<PP&E>                                       2,589,305
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              46,019,533
<CURRENT-LIABILITIES>                        4,419,882
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       103,477
<OTHER-SE>                                  41,496,174
<TOTAL-LIABILITY-AND-EQUITY>                46,019,533
<SALES>                                      1,423,887
<TOTAL-REVENUES>                             1,423,887
<CGS>                                          892,516
<TOTAL-COSTS>                                  713,499
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                397,218
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            397,218
<DISCONTINUED>                             (4,895,265)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (4,498,047)
<EPS-PRIMARY>                                   (0.43)
<EPS-DILUTED>                                   (0.43)