UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                           Washington, DC 20549

                                 FORM 12b-25

                        NOTIFICATION OF LATE FILING

                                                    SEC FILE NUMBER O-6933
                                                    CUSIP NUMBER 132008

                                      FORM 10-K


For Period Ended:                     December 31, 2001


PART 1 - REGISTRANT INFORMATION

Full Name of Registrant:               CAMBEX CORPORATION
Address of Principal Executive Office
 (Street and Number):                   360 SECOND AVENUE

City, State and Zip Code:              WALTHAM, MA  02451

PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or
expense and the Registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed.  (Check box if appropriate)

[ ]  (a)  The reasons described in reasonable detail in Part III of this form
          could not be eliminated without unreasonable effort or expense;

[X]  (b)  The subject annual report, semi-annual report, transition report on
          Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be
          filed on or before the fifteenth calendar day following the
          prescribed due date; or the subject quarterly report of transition
          report on Form 10-Q, or portion thereof will be filed on or before
          the fifth calendar day following the prescribed due date; and

[]  (c)  The accountant's statement or other exhibit required by Rule
         12b-25 has been attached if applicable.


PART III - NARRATIVE

State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.


The Form 10-K for the period ended December 31, 2001 cannot be filed
within the prescribed time period because additional time is required
for professional review of the document for completeness and
compliance with Securities and Exchange Commission Rules and
Regulations.  It is anticipated that filing will be completed prior to
the fifteenth calendar day following the prescribed due date.



PART IV - OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to this
     notification.

     Joseph F. Kruy            781-890-6000

(2)  Have all other periodic reports required under Section
     13 or 15(d) of the Securities Exchange Act of 1934 or
     Section 30 of the Investment Company Act of 1940
     during the preceding 12 months or for such shorter
     period that the Registrant was required to file such
     reports been filed?  If answer is no, identify report(s).  [X]Yes  []No

(3)  Is it anticipated that any significant change in results
     of operations from the corresponding period for the last
     fiscal year will be reflected by the earnings statements
     to be included in the subject report or portion thereof?   [ ]Yes  [X]No


                            CAMBEX CORPORATION
                   (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

Date: March 29, 2002                By: /s/ Joseph F. Kruy
                                        Joseph F. Kruy
                                        President