<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED BALANCE SHEETS AND THE STATEMENTS OF OPERATIONS AS OF AND FOR THE
THREE MONTHS ENDED JUNE 30, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.

<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               JUN-30-2000
<CASH>                                         124,546
<SECURITIES>                                   430,991
<RECEIVABLES>                                      600
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               570,770
<PP&E>                                          10,148
<DEPRECIATION>                                   3,894
<TOTAL-ASSETS>                                 654,666
<CURRENT-LIABILITIES>                           19,145
<BONDS>                                             33
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       681,715
<OTHER-SE>                                    (46,434)
<TOTAL-LIABILITY-AND-EQUITY>                   654,666
<SALES>                                              0
<TOTAL-REVENUES>                                 3,478
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                14,494
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 185
<INCOME-PRETAX>                                (2,420)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (2,420)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (2,420)
<EPS-BASIC>                                      (.03)
<EPS-DILUTED>                                    (.03)