<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> APR-01-2000 <PERIOD-END> JUN-30-2000 <CASH> 94 <SECURITIES> 74,013 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 79,038 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 79,038 <CURRENT-LIABILITIES> 4,782 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 34 <OTHER-SE> 74,222 <TOTAL-LIABILITY-AND-EQUITY> 79,038 <SALES> 0 <TOTAL-REVENUES> 861 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 15,441 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (14,755) <INCOME-TAX> 344 <INCOME-CONTINUING> (15,099) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (15,099) <EPS-BASIC> (4.61) <EPS-DILUTED> (4.61)