<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S CONSOLIDATED BALANCE SHEET AS OF MARCH 31, 1999, AND THE RELATED
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED MARCH 31, 1999 AND THE
NOTES THERETO, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
CONSOLIDATED FINANCIAL STATEMENTS AND NOTES.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                          57,575
<SECURITIES>                                   218,620
<RECEIVABLES>                                   33,616
<ALLOWANCES>                                         0
<INVENTORY>                                     11,827
<CURRENT-ASSETS>                               321,638
<PP&E>                                          87,533
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 841,579
<CURRENT-LIABILITIES>                           72,344
<BONDS>                                        287,500
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            44
<OTHER-SE>                                     418,829
<TOTAL-LIABILITY-AND-EQUITY>                   841,579
<SALES>                                              0
<TOTAL-REVENUES>                                71,247
<CGS>                                           10,491
<TOTAL-COSTS>                                   59,272
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               4,064
<INCOME-PRETAX>                                 11,986
<INCOME-TAX>                                     4,220
<INCOME-CONTINUING>                              7,766
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     7,766
<EPS-PRIMARY>                                     0.18
<EPS-DILUTED>                                     0.17