<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 10-K FOR
THE YEAR ENDED MARCH 31, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-START> APR-01-1999
<PERIOD-END> MAR-31-2000
<EXCHANGE-RATE> 1
<CASH> 6,101
<SECURITIES> 331,267
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 345,841
<PP&E> 53,424
<DEPRECIATION> (20,554)
<TOTAL-ASSETS> 413,961
<CURRENT-LIABILITIES> 22,487
<BONDS> 222,792
0
23
<COMMON> 540
<OTHER-SE> 167,404
<TOTAL-LIABILITY-AND-EQUITY> 413,961
<SALES> 0
<TOTAL-REVENUES> 22,920
<CGS> 0
<TOTAL-COSTS> 54,483
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 3,652
<INCOME-PRETAX> (68,047)
<INCOME-TAX> 0
<INCOME-CONTINUING> (68,047)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (68,047)
<EPS-BASIC> (1.52)
<EPS-DILUTED> (1.52)
</TABLE>