<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 26,420 <SECURITIES> 38,911<F1> <RECEIVABLES> 1,157 <ALLOWANCES> 400 <INVENTORY> 775 <CURRENT-ASSETS> 68,131 <PP&E> 18,445 <DEPRECIATION> 12,126 <TOTAL-ASSETS> 82,352 <CURRENT-LIABILITIES> 14,231 <BONDS> 77,170 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 136,686 <OTHER-SE> (151,897) <TOTAL-LIABILITY-AND-EQUITY> 82,352 <SALES> 587 <TOTAL-REVENUES> 6,342 <CGS> 414 <TOTAL-COSTS> 1,960 <OTHER-EXPENSES> 19,522 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,569 <INCOME-PRETAX> (15,191) <INCOME-TAX> 6 <INCOME-CONTINUING> (15,197) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (15,197) <EPS-PRIMARY> (0.76) <EPS-DILUTED> (0.76) <FN> <F1>THIS AMOUNT REPRESENTS SHORT-TERM INVESTMENTS HELD BY THE COMPANY AT JUNE 30, 1998. </FN>