<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS AS FILED ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1998,
AND IS QUALIFIED IN ITS ENTIREYT BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                          24,916
<SECURITIES>                                    57,946
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                84,540
<PP&E>                                          58,458
<DEPRECIATION>                                 (8,595)
<TOTAL-ASSETS>                                 134,496
<CURRENT-LIABILITIES>                           12,756
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             2
<OTHER-SE>                                     172,847
<TOTAL-LIABILITY-AND-EQUITY>                   134,496
<SALES>                                              0
<TOTAL-REVENUES>                                21,795
<CGS>                                                0
<TOTAL-COSTS>                                   43,785
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               (270)
<INCOME-PRETAX>                               (18,356)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                           (18,356)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (18,356)
<EPS-PRIMARY>                                   (1.17)
<EPS-DILUTED>                                        0