<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED BALANCE SHEETS AND THE CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.

<CURRENCY> U.S. DOLLARS

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-2001
<PERIOD-START>                             JUL-01-2000
<PERIOD-END>                               SEP-30-2000
<EXCHANGE-RATE>                                      1
<CASH>                                      27,015,000
<SECURITIES>                                   822,000
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            32,217,000
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              71,817,000
<CURRENT-LIABILITIES>                       21,996,000
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      5,000
<COMMON>                                       480,000
<OTHER-SE>                                  21,710,000
<TOTAL-LIABILITY-AND-EQUITY>                71,817,000
<SALES>                                              0
<TOTAL-REVENUES>                                14,000
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                            16,285,000
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             718,000
<INCOME-PRETAX>                           (13,840,000)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                       (13,840,000)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                              (13,840,000)
<EPS-BASIC>                                     (0.29)
<EPS-DILUTED>                                   (0.29)