<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> 1,007 <SECURITIES> 0 <RECEIVABLES> 154,785 <ALLOWANCES> 0 <INVENTORY> 8,007 <CURRENT-ASSETS> 0 <PP&E> 24,353 <DEPRECIATION> (3,707) <TOTAL-ASSETS> 208,931 <CURRENT-LIABILITIES> 0 <BONDS> 43,895 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,081 <OTHER-SE> (24,902) <TOTAL-LIABILITY-AND-EQUITY> 208,931 <SALES> 20,450 <TOTAL-REVENUES> 20,450 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 24,277 <LOSS-PROVISION> 2,156 <INTEREST-EXPENSE> 6,439 <INCOME-PRETAX> (12,422) <INCOME-TAX> 11 <INCOME-CONTINUING> (12,433) <DISCONTINUED> (103) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (12,536) <EPS-PRIMARY> (1.16) <EPS-DILUTED> (1.16)