8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
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Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): October 11, 2002

NEXIQ TECHNOLOGIES, INC.
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(Exact Name of Registrant as Specified in its Charter)

New Hampshire
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(State or Other Jurisdiction of Incorporation)

0-19717 (Commission File Number)	02-0218767 (IRS Employer Identification Number)
6405 Nineteen Mile Road Sterling Heights, MI (Address of Principal Executive Offices)	48314 (Zip Code)

(586) 731-6410
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(Registrant's Telephone Number, Including Area Code)

Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)

ITEM 5.      OTHER EVENTS

On October 11, 2002, NEXIQ Technologies, Inc., a New Hampshire corporation (the "Company"), issued a press release announcing that the Company and certain of its subsidiaries had filed a voluntary petition for reorganization under Chapter 11 of the federal Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Michigan, Southern Division. The Company announced that the purpose of the filing is to conduct and consummate a sale of significantly all of the Company's operations on an expedited basis. The press release dated October 11, 2002 is included as Exhibit 99 to this Form 8-K and is incorporated herein by reference.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	NEXIQ TECHNOLOGIES, INC.
October 11, 2002	By:/s/Kevin F. Kelly                                                           Kevin F. Kelly             Vice President and Chief Financial Officer

EXHIBIT LISTING AND INDEX

Exhibit No.	Description
99	Press release, dated October 11, 2002, entitled "NEXIQ Technologies, Inc. Announces Chapter 11 Filing."

EX-99

EXHIBIT 99

NEXIQ Media Contact:

Kevin F. Kelly NEXIQ Technologies, Inc. T:(586) 731-6410 E: kevin.kelly@nexiq.com

NEXIQ Technologies, Inc. Announces Chapter 11 Filing

STERLING HEIGHTS, Mich. - October 11, 2002 - NEXIQ Technologies, Inc. (OTCBB: NEXQ), announced today that it and certain of its subsidiaries have filed voluntary chapter 11 bankruptcy petitions with the U.S. Bankruptcy Court for the Eastern District of Michigan. The purpose of the filing is to conduct and consummate a sale of significantly all of the company's operations on an expedited basis.

Chapter 11 filings have been made for 3 affiliated entities, NEXIQ Technologies, Inc. and its two operating subsidiaries, WPI Micro Processor Systems, Inc. (d/b/a NEXIQ Technologies) also of Sterling Heights, Michigan, and Diversified Software Industries, Inc., of Coralville, Iowa.

In conjunction with today's chapter 11 petitions, NEXIQ will ask the Bankruptcy Court to consider a variety of "first day motions" to support its employees, vendors, customers, and other constituents. These include motions seeking court permission to continue payments for employee payroll and health benefits; use available cash; and retain legal, financial and other professionals to support the company's actions in conducting an orderly sale of the business.  The company has obtained the lenders' consent for use of cash.

To conserve capital, NEXIQ will implement a comprehensive cost-saving program that would include additional workforce reductions, the timing and extent of which have not yet been determined.

About NEXIQ Technologies, Inc.

NEXIQ Technologies, Inc. www.nexiq.com) provides advanced diagnostics and telematics products, solutions and services for the automotive and commercial vehicle markets. The company is headquartered in Sterling Heights, Mich., and has operations in Coralville, Iowa.

Forward-Looking Statements

This press release contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any such forward-looking statements are not guarantees of future performance and actual results could differ materially as a result of known and unknown risks and uncertainties including the outcome of the chapter 11 process and the first-day motions, general economic conditions, and other risks, uncertainties and factors. Please review the reports that the company files with the Securities and Exchange Commission for additional information concerning factors that could affect the company's business.