<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
NINE MONTHS ENDED SEPTEMBER 30, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.

<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               SEP-30-2000
<CASH>                                         107,516
<SECURITIES>                                   437,825
<RECEIVABLES>                                    8,608
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               563,218
<PP&E>                                          11,914
<DEPRECIATION>                                   4,329
<TOTAL-ASSETS>                                 687,406
<CURRENT-LIABILITIES>                           23,630
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       683,317
<OTHER-SE>                                    (19,947)
<TOTAL-LIABILITY-AND-EQUITY>                   687,406
<SALES>                                              0
<TOTAL-REVENUES>                                13,077
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                39,392
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 317
<INCOME-PRETAX>                                (4,298)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (4,298)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (4,298)
<EPS-BASIC>                                     (0.05)
<EPS-DILUTED>                                   (0.05)