<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 2,271 <SECURITIES> 0 <RECEIVABLES> 132,864 <ALLOWANCES> 0 <INVENTORY> 4,969 <CURRENT-ASSETS> 0 <PP&E> 21,865 <DEPRECIATION> (3,343) <TOTAL-ASSETS> 186,210 <CURRENT-LIABILITIES> 0 <BONDS> 43,857 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,081 <OTHER-SE> (17,277) <TOTAL-LIABILITY-AND-EQUITY> 186,210 <SALES> 9,400 <TOTAL-REVENUES> 9,400 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 10,756 <LOSS-PROVISION> 601 <INTEREST-EXPENSE> 2,927 <INCOME-PRETAX> (4,884) <INCOME-TAX> 6 <INCOME-CONTINUING> (4,890) <DISCONTINUED> (21) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,911) <EPS-PRIMARY> (0.45) <EPS-DILUTED> (0.45)