<ARTICLE> 5 <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 6-MOS 9-MOS <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1997 DEC-31-1997 <PERIOD-START> JAN-01-1997 JAN-01-1997 JAN-01-1997 <PERIOD-END> MAR-31-1997 JUN-30-1997 SEP-30-1997 <CASH> 9,376 7,152 12,310 <SECURITIES> 26,829 30,370 22,258 <RECEIVABLES> 0 0 0 <ALLOWANCES> 0 0 0 <INVENTORY> 0 0 0 <CURRENT-ASSETS> 36,997 38,140 35,194 <PP&E> 8,841 9,285 10,104 <DEPRECIATION> (4,775) (5,224) (5,711) <TOTAL-ASSETS> 41,806 43,210 40,721 <CURRENT-LIABILITIES> 3,124 4,724 6,578 <BONDS> 444 270 208 <PREFERRED-MANDATORY> 0 0 0 <PREFERRED> 0 0 0 <COMMON> 10 10 10 <OTHER-SE> 38,498 38,322 34,000 <TOTAL-LIABILITY-AND-EQUITY> 41,806 43,210 40,721 <SALES> 0 0 0 <TOTAL-REVENUES> 2,152 4,300 6,190 <CGS> 0 0 0 <TOTAL-COSTS> 5,143 11,573 18,381 <OTHER-EXPENSES> 0 0 0 <LOSS-PROVISION> 0 0 0 <INTEREST-EXPENSE> 19 34 41 <INCOME-PRETAX> (2,493) (6,251) (10,658) <INCOME-TAX> 0 0 0 <INCOME-CONTINUING> (2,493) (6,251) (10,658) <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 0 0 <CHANGES> 0 0 0 <NET-INCOME> (2,493) (6,251) (10,658) <EPS-PRIMARY> (0.26) (0.65) (1.10) <EPS-DILUTED> (0.26) (0.65) (1.10)