<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 164,716,000 <SECURITIES> 0 <RECEIVABLES> 2,360,000 <ALLOWANCES> 238,000 <INVENTORY> 0 <CURRENT-ASSETS> 169,241,000 <PP&E> 12,434,000 <DEPRECIATION> 1,818,000 <TOTAL-ASSETS> 192,336,000 <CURRENT-LIABILITIES> 14,985,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 57,000 <OTHER-SE> 173,579,000 <TOTAL-LIABILITY-AND-EQUITY> 192,336,000 <SALES> 5,299,000 <TOTAL-REVENUES> 5,299,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 43,879,000 <LOSS-PROVISION> 179,000 <INTEREST-EXPENSE> 269,000 <INCOME-PRETAX> (37,445,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (37,445,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (37,445,000) <EPS-BASIC> 1.97 <EPS-DILUTED> 1.97