
<TABLE> <S> <C>

<PAGE>

<ARTICLE> 5



<S>                             <C>

<PERIOD-TYPE>                   YEAR

<FISCAL-YEAR-END>                          JUN-30-1999

<PERIOD-START>                             JUL-31-1999

<PERIOD-END>                               JUN-30-1999

<CASH>                                      19,002,000

<SECURITIES>                                         0

<RECEIVABLES>                                   51,000

<ALLOWANCES>                                         0

<INVENTORY>                                          0

<CURRENT-ASSETS>                            19,277,000

<PP&E>                                       1,076,000

<DEPRECIATION>                                  93,000

<TOTAL-ASSETS>                              54,221,000

<CURRENT-LIABILITIES>                        2,684,000

<BONDS>                                              0

<PREFERRED-MANDATORY>                       32,550,000

<PREFERRED>                                          0

<COMMON>                                        17,000

<OTHER-SE>                                  18,970,000

<TOTAL-LIABILITY-AND-EQUITY>                54,221,000

<SALES>                                         33,000

<TOTAL-REVENUES>                                92,000

<CGS>                                           27,000

<TOTAL-COSTS>                               15,527,000

<OTHER-EXPENSES>                                     0

<LOSS-PROVISION>                                     0

<INTEREST-EXPENSE>                            (37,000)

<INCOME-PRETAX>                           (47,677,000)

<INCOME-TAX>                                         0

<INCOME-CONTINUING>                                  0

<DISCONTINUED>                                       0

<EXTRAORDINARY>                           (47,677,000)

<CHANGES>                                            0

<NET-INCOME>                                         0

<EPS-BASIC>                                     (3.52)

<EPS-DILUTED>                                   (3.52)



</TABLE>
