<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BALANCE SHEET AND INCOME STATEMENTS DATED 09/30/00 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS </LEGEND> <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JUL-01-2000 <PERIOD-END> SEP-30-2000 <EXCHANGE-RATE> 1 <CASH> 9,145,000 <SECURITIES> 56,760,000 <RECEIVABLES> 595,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 49,939,000 <PP&E> 2,013,000 <DEPRECIATION> 510,000 <TOTAL-ASSETS> 69,057,000 <CURRENT-LIABILITIES> 921,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 88,359,000 <OTHER-SE> (20,233,000) <TOTAL-LIABILITY-AND-EQUITY> 69,057,000 <SALES> 0 <TOTAL-REVENUES> 823,000 <CGS> 0 <TOTAL-COSTS> 3,928,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,287,000 <INCOME-PRETAX> (1,818,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,818,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,818,000) <EPS-BASIC> (0.08) <EPS-DILUTED> (0.08)