8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
- ---------------------------------
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): February 20, 2003

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

New Hampshire
- ----------------------------------------------
(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
- -----------------------------------------------------
(Registrant's Telephone Number, Including Area Code)

Not Applicable
- -------------------------------------------------------------
(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"), and certain of its subsidiaries 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.  Pursuant to the procedure prescribed in Staff Legal Bulletin No. 2, the Company has requested a no-action position from the Staff of the Commission that would permit the Company to file, under cover of a Current Report on Form 8-K, its periodic financial reports filed with the Bankruptcy Court, in lieu of its annual and quarterly reports under the Securities Exchange Act of 1934.  In conformity with its request and the provisions of Staff Legal Bulletin No. 2, the Company files herewith its financial reports for the period ended January 26, 2003 filed with the Bankruptcy Court on February 20, 2003 (the "Reports").

THE REPORTS CONTAIN FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION THAT HAVE NOT BEEN AUDITED OR REVIEWED BY INDEPENDENT ACCOUNTANTS, ARE NOT PRESENTED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, AND MAY BE SUBJECT TO FUTURE RECONCILIATION AND ADJUSTMENTS.

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.
February 21, 2003	By:/s/Kevin F. Kelly                                                     Kevin F. Kelly       Vice President and Chief Financial Officer

EXHIBIT LISTING AND INDEX

Exhibit No.	Description
99.1	Nexiq Technologies, Inc. Statement of Debtor In Possession Under Bankr. R. Pro. 9011 for the Month of December 30, 2003 to January 26, 2003 (*without bank statements)
99.2	WPI Micro Processor Systems, Inc. Statement of Debtor In Possession Under Bankr. R. Pro. 9011 for the Month of December 30, 2002 to January 26, 2003 (*without bank statements)
99.3	Diversified Software Industries, Inc. Statement of Debtor In Possession Under Bankr. R. Pro. 9011 for the Month of December 30, 2002 to January 26, 2003 (*without bank statements)

EX-99

EXHIBIT 99.1

UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF MICHIGAN

In the matter of:

Case Number: 02-63996-WS
Chapter 11

Nexiq Technologies, Inc.
(Debtors)   Hon. Walter Shapero

STATEMENT OF DEBTOR IN POSSESSION
UNDER BANKR. R. PRO. 9011
For the month of December 30, 2002 to January 26, 2003

The Debtor in Possession states:

Attached is a complete and accurate (check appropriate lines).

X	Balance Sheet
X	Profit and Loss Statement
X	Cash Receipts and Disbursements Report
X	Accounts Payable Aging Schedule
X	Taxes Payable/Insurance Schedule
X	Reconciled Bank Statement(s)

              The statements contained within have been completed on a                                CASH                  X         ACCRUAL BASIS.  I understand that any false statement may subject me to sanctions as provided for in Bankr. R. Pro. 9011.

	/s/ Kevin F. Kelly Debtor in Possession
02/18/2003     Date

A.  Mail the original to:	Mail one copy of this report to:
UNITED STATES BANKRUPTCY COURT 21ST FLOOR - COMERICA BUILDING 211 W. FORT STREET DETROIT, MICHIGAN 48226	OFFICE OF THE U. S. TRUSTEE 211 WEST FORT STREET SUITE 700 DETROIT, MICHIGAN 48226 Attn: John R. Kuhn

B.  Mail a copy of this report to each member of the Creditors' Committee (if any) and the attorney for the Creditors' Committee (if any).

UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF MICHIGAN

In the matter of:

Case Number: 02-63996-WS
Chapter 11

Nexiq Technologies, Inc.
(Debtors)   Hon. Walter Shapero

AFFIRMATIONS
UNDER BANKR. R. PRO. 9011

As Debtor in Possession, I affirm:

1.	That the insurance, as described in section 5 of the Notice of Operating Instructions and Reporting Requirements, is in effect, and
2.	That all post petition taxes, as described in section 9 of the Notice of Operating Instructions and Report Requirements are current.
3.	No professional fees (accountant, attorneys, etc.) have been paid without specific court authorization. Explain below if not true.

                 I understand that any false statements may subject me to sanctions as provide for in Bankr. R. Pro. 9011.

	/s/ Kevin F. Kelly Debtor in Possession
02/18/2003     Date

Explanations:

NEXIQ TECHNOLOGIES, INC. BALANCE SHEET AS OF JANUARY 26, 2003
ASSETS
Current Assets
Checking/Savings
Cash
1125 - Cash - Fleet DIP	1,592,355.22
Total Cash	1,592,355.22
Total Checking/Savings	1,592,355.22
Other Current Assets
Prepaid Expenses
1305 - Prepaid Insurance	20,350.00
Total Prepaid Expenses	20,350.00
Total Other Current Assets	20,350.00
Total Current Assets	1,612,705.22
Fixed Assets
Fixed Assets - Basis
1605 - Furniture	51,587.90
Total Fixed Assets - Basis	51,587.90
Accumulated Depreciation
1655 - Accum Depr - Furniture	(44,218.20	)
Total Accumulated Depreciation	(44,218.20	)
Total Fixed Assets	7,369.70
Other Assets
Investments in Subsidiaries
1701 - Investment - Magnetec	1,236,886.74
1702 - Investment - Instruments	7,473,299.31
1703 - Investment - Termiflex	5,535,428.71
1704 - Investment - Micro Palm	2,145,187.33
1705 - Investment - MPSI	3,145,000.00
1706 - Investment - Oyster	1,844,643.00
1707 - Investment - Husky	446,964.00
1708 - Investment - DSI	559,215.00
Total Investment in Subsidiaries	22,426,624.09
Goodwill
1721 - Goodwill - MPSI	2,552,214.74
1723 - Goodwill - DSI	4,030,000.00
1725 - Accum Amort - MPSI Goodwill	(1,234,643.42	)
1727 - Accum Amort - DSI Goodwill	(1,318,905.00	)
Total Goodwill	4,028,666.32
Debt Issuance
1740 - Debt Issuance Costs	0.00
1745 - Accum Amort - Debt Issuance	0.00
Total Debt Issuance	0.00
Total Other Assets	26,455,290.41
TOTAL ASSETS	28,075,365.33

NEXIQ TECHNOLOGIES, INC. BALANCE SHEET AS OF JANUARY 26, 2003
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accts Payable
2105 - Accounts Payable Pre Petition	1,528,156.29
2105 - Accounts Payable Post Petition	120,100.78
Total Accts Payable	1,648,257.07
Total Accounts Payable	1,648,257.07
Other Current Liabilities
Employee Accruals
2305 - Accrued Restructuring	681,779.88
Total Employee Accruals	681,779.88
Accrued Expenses
2450 - Accrued Transition	24,752.97
2490 - Accrued Other	958,563.84
Total Accrued Expenses	983,316.81
Interest
2505 - Accrued Bank Interest	829,434.54
2510 - Accrued Convertible Note Int	2,298,395.77
2515 - Accrued Other Interest	142,547.94
Total Interest	3,270,378.25
Due To/From Subsidiaries
2705 - Due To/From MPSI	9,004,337.05
2710 - Due To/From Instruments/Mag	48,815.00
2715 - Due To/From DSI	(2,210,253.41	)
2720 - Due To/From Discon't Operations	10,426,017.00
Total Due To/From Subsidiaires	17,268,915.64
Total Other Current Liabilities	22,204,390.58
Total Current Liabilities	23,852,647.65
Long Term Liabilities
Notes Payable - Long Term
2917 - Bridge Note - Sunrise	3,000,000.00
2905 - Fleet Bank - Term A	4,656,766.38
2910 - Fleet Bank - Term B	273,100.84
2920 - Convertible Notes - Sunrise	33,935,000.00
2925 - Convertible Notes - ANG	4,181,875.00
2930 - Convertible Notes - PIK	6,476,583.19
2940 - Convertible Notes - Discount	0.00
Total Notes Payable - Long Term	52,523,325.41
Total Long Term Liabilities	52,523,325.41
Total Liabilities	76,375,973.06
Equity
3050 - Common Stock	140,479.62
3100 - Additional Paid in Capital	41,181,837.55
3900 - *Retained Earnings	(76,664,039.47	)
Net Income	(12,958,885.43	)
Total Equity	(48,300,607.73	)
TOTAL LIABILITIES & EQUITY	28,075,365.33

NEXIQ TECHNOLOGIES, INC. PROFIT AND LOSS STATEMENT FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
	12/29/02 to 01/26/03
Ordinary Income/Expense
Expense
8300 - Rent	2,328.57
8350 - Supplies	111.95
Consultants
8505 - Consultants - General	550.00
8520 - Consultants - Bankruptcy	55,440.00
Total Consultants	55,990.00
8575 - Telephone	355.46
8680 - Bank Charges - Monthly Fees	521.74
Legal
8705 - Legal - General	0.00
8716 - Legal - Bankruptcy	28,546.28
Total Legal	28,546.28
8740 - General Insurance	18,175.00
8995 - Miscellaneous	(66.67	)
Total Expense	105,962.33
Net Ordinary Income	(105,962.33	)
Other Income/Expense
Other Income
9100 - Gain/(Loss) on Sale of Assets	0.00
Total Other Income	0.00
Other Expense
Interest Expense
9710 - Convertible Notes	6,535,981.00
9715 - Debt Issuance Costs	521,766.00
Total Interest Expense	7,057,747.00
Taxes
9910 - State Income Taxes	0.00
Total Taxes	0.00
Total Other Expense	7,057,747.00
Net Other Income	(7,057,747.00	)
Net Income	(7,163,709.33	)

NEXIQ TECHNOLOGIES, INC. SUMMARY OF POST PETITION ACCOUNTS PAYABLE AGING SCHEDULE AS OF JANUARY 26, 2003
NAME OF CREDITOR		0 - 30 DAYS		31-60 DAYS		61 - 90 DAYS		> 90 DAYS		BALANCE
Argus	$	—	$	—	$	10,208.25	$	—	$	10,208.25
Fleet Bank		24,717.92								24,717.92
Kevin Kelly		4,750.00								4,750.00
McLane, Graf, Raulerson & Middleton		50,657.73		1,778.92		511.65				52,948.30
Jennifer Montgomery		1,200.00								1,200.00
Pepper Hamilton		5,372.37		5,842.35		7,026.82				18,241.54
Price Waterhouse		7,500.00								7,500.00
Linda Racette		250.00								250.00
Verizon Wireless		284.77								284.77
TOTALS	$	94,732.79	$	7,621.27	$	17,746.72	$	—	$	120,100.78

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTER DISTRICT OF MICHIGAN
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
TAXES PAYABLE SCHEDULE POST PETITION
		Beginning Balance		Additions		Payments/ Deposits		Ending Balance
Income Tax Withheld:
Federal	$	—	$	—	$	—	$	—
State		0.00						0.00
FICA Tax Withheld		0.00						0.00
Employer's FICA Tax		0.00						0.00
Unemployment Tax:
Federal		0.00						0.00
State		0.00						0.00
Sales Use & Excise Tax		0.00						0.00
Property Taxes		0.00						0.00
Accrued Income Tax:
Federal		0.00						0.00
State		0.00						0.00
Other:		0.00						0.00
TOTALS	$	—	$	—	$	—	$	—
TAXES PAYABLE SCHEDULE
		Policy Expiration Date				Premium Paid Through Date
Workers' Compensation		12/31/02				12/31/02
General Liability		01/08/03				11/30/02 (awaiting for closeout billing)
Property		01/08/03				11/30/02 (awaiting for closeout billing)
Vehicle		01/08/03				11/30/02 (awaiting for closeout billing)
Other (list):
Directors and Officers Liability		09/30/03				03/31/03
Technology Errors & Omissions		06/30/03				12/31/02
Crime		01/31/03				01/31/03

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:      Nexiq Technologies, Inc.
Case Number:   02-63996-WS
CASH RECEIPTS AND DISBURSEMENTS REPORT
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
	GENERAL ACCOUNT
	Fleet		Fleet - DIP		SFB		TOTAL		PAYROLL ACCOUNT	TAX ACCOUNT
CASH ON HAND BEGINNING OF PERIOD	24,904.48		1,972,841.91		0.00		1,997,746.39		0.00	0.00
RECEIPTS DURING THE CURRENT PERIOD (see attached schedule)	0.00		41,597.33		397,003.90		438,601.23		0.00	0.00
Balance Available	24,904.48		2,014,439.24		397,003.90		2,436,347.62		0.00	0.00
DISBURSEMENTS DURING THE CURRENT PERIOD (see attached schedule)	(24,904.48	)	(422,084.02	)	(397,003.90	)	(843,992.40	)	0.00	0.00
CASH ON HAND END OF PERIOD	0.00		1,592,355.22		0.00		1,592,355.22		0.00	0.00
	*** IMPORTANT ***
Please enter the TOTAL DISBURSEMENTS from all your accounts, including cash and excluding transfers, onto the line below. This is the number that will determine your quarterly fee payment.
		$	419,087.92

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:          Nexiq Technologies, Inc.
Case Number:       02-63996-WS
RECEIPTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:	Fleet Bank
Location:	111 Westminster Street, Providence, RI 02903
Account Name:	Nexiq Technologies Concentration Account
Account Number:	9358942298
DATE RECEIVED	DESCRIPTION		AMOUNT
			0.00
	TOTAL	$	—
Receipts may be identified by major categories.  It is not necessary to list each transaction separately by name and customer or invoice number. You must, however, create a separate list for each bank account to which receipts were deposited during the month.

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:          Nexiq Technologies, Inc.
Case Number:       02-63996-WS
RECEIPTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:	Fleet Bank
Location:	111 Westminster Street, Providence, RI 02903
Account Name:	Nexiq Technologies Debtor in Possession Concentration Account
Account Number:	9429256472
DATE RECEIVED	DESCRIPTION		AMOUNT
Transfer	Deposits from Diversified Software Industries		10,471.61
Transfer	Closed Fleet Concentration Account		24,904.48
Transfer	Closed Diversified Software Industries Payroll account		334.57
12/31/02 & 1/17/03	Deposits received for sold accounts receivables		5,820.00
01/17/03	Deposits - NCO collection		66.67
	TOTAL	$	41,597.33
Receipts may be identified by major categories.  It is not necessary to list each transaction separately by name and customer or invoice number. You must, however, create a separate list for each bank account to which receipts were deposited during the month.

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:          Nexiq Technologies, Inc.
Case Number:       02-63996-WS
RECEIPTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:	Standard Federal Bank
Location:	40950 Van Dyke Avenue, Sterling Heights, MI 48313
Account Name:	Nexiq Technologies Debtor in Possession
Account Number:	3664000599
DATE RECEIVED	DESCRIPTION		AMOUNT
Transfer	Transfer from WPI Micro Processor Systems to cover checks written		397,003.90
	TOTAL	$	397,003.90
Receipts may be identified by major categories.  It is not necessary to list each transaction separately by name and customer or invoice number. You must, however, create a separate list for each bank account to which receipts were deposited during the month.

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:       Nexiq Technologies, Inc.
Case Number:    02-63996-WS
DISBURSEMENTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:		Fleet Bank
Location:		111 Westminster Street, Providence, RI 02903
Account Name:		Nexiq Technologies Concentration Account
Account Number:		9358942298
DATE DISBURSED	CHECK NUMBER	PAYEE	DESCRIPTION		AMOUNT
	Transfer	Fleet Nexiq Debtor in Possession	Closed account		24,904.48
			TOTAL	$	24,904.48
You must create a separate list for each bank account from which disbursements were made during the month.

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:       Nexiq Technologies, Inc.
Case Number:    02-63996-WS
DISBURSEMENTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:		Fleet Bank
Location:		111 Westminster Street, Providence, RI 02903
Account Name:		Nexiq Technologies Debtor in Possession Concentration Account
Account Number:		9429256472
DATE DISBURSED	CHECK NUMBER	PAYEE	DESCRIPTION		AMOUNT
01/10/03	Transfer	WPI Micro Processor Systems	Funding Checks written on Nexiq DIP account		400,000.00
01/10/03	Wire	Fleet Bank	Legal Fees		1,682.50
01/17/03	Wire	Fleet Bank	Legal Fees		16,051.42
01/23/03	Wire	Fleet Bank	Legal Fees		3,828.36
	Wire	Fleet Bank	Bank fees		521.74
			TOTAL	$	422,084.02
You must create a separate list for each bank account from which disbursements were made during the month.

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:       Nexiq Technologies, Inc.
Case Number:    02-63996-WS
DISBURSEMENTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:		Standard Federal Bank
Location:		40950 Van Dyke Avenue, Sterling Heights, MI 48313
Account Name:		Nexiq Technologies Debtor in Possession
Account Number:		3664000599
DATE DISBURSED	CHECK NUMBER	PAYEE	DESCRIPTION		AMOUNT
01/08/03	1447	BERINGEA, LLC	TRANSACTION FEES & EXPENSES		262,075.48
01/08/03	1454	HONEY HOLBROOK	CONTRACTOR - HR		780.00
01/08/03	1456	JENNIFER MONTGOMERY	CONTRACTOR - FINANCE		1,600.00
01/08/03	1457	KEVIN KELLY	CONTRACTOR - FINANCE		3,500.00
01/08/03	1459	LINDA RACETTE	8-K FILING		250.00
01/08/03	1460	MCLANE, GRAF	NOVEMBER FEES		10,166.37
01/08/03	1463	PEPPER HAMILTON, LLP	NOVEMBER FEES		43,083.10
01/08/03	1466	SOUTHERN NH SOFTWARE	MOVE CORPORATE ASSETS		305.00
01/15/03	1473	PRICE WATERHOUSE COOPERS	FY01 FEDERAL TAX		10,000.00
01/17/03	1481	JENNIFER MONTGOMERY	CONTRACT		1,600.00
01/17/03	1482	KEVIN KELLY	CONTRACT		4,875.00
01/17/03	1483	LINDA RACETTE	CONTRACT		50.00
01/24/03	1502	DEBRA DROLL	CONTRACT LABOR		490.00
01/24/03	1505	DIANE HALL	CONTRACT LABOR		611.95
01/24/03	1510	HONEY HOLBROOK	CONTRACT LABOR		870.00
01/24/03	1512	JENNIFER MONTGOMERY	CONTRACT LABOR		2,900.00
01/24/03	1513	KEVIN KELLY	CONTRACT LABOR		4,875.00
01/24/03	1514	NEW ENGLAND MICROGRAPHICS			363.75
01/24/03	1515	NNT, INC.	A/R RECEIPT POST SALE		20.00
01/24/03	1516	PEPPER HAMILTON	LEGAL - BANKRUPTCY		33,288.25
01/24/03	1518	VETRONIX CORPORATION	A/R RECEIPT POST SALE		5,800.00
01/24/03	1521	U.S. BANKRUPTCY TRUSTEE	QUARTERLY FEE		3,750.00
01/24/03	1522	U.S. BANKRUPTCY TRUSTEE	QUARTERLY FEE		5,000.00
01/24/03	1523	U.S. BANKRUPTCY TRUSTEE	QUARTERLY FEE		750.00
			TOTAL	$	397,003.90
You must create a separate list for each bank account from which disbursements were made during the month.

EXHIBIT 99.2

UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF MICHIGAN

In the matter of:

Case Number: 02-63994-WS
Chapter 11

WPI Micro Processor Systems, Inc.
(Debtors)   Hon. Walter Shapero

STATEMENT OF DEBTOR IN POSSESSION
UNDER BANKR. R. PRO. 9011
For the month of  to December 30, 2002 to January 26, 2003

The Debtor in Possession states:

Attached is a complete and accurate (check appropriate lines).

X	Balance Sheet
X	Profit and Loss Statement
X	Cash Receipts and Disbursements Report
X	Accounts Payable Aging Schedule
X	Taxes Payable/Insurance Schedule
X	Reconciled Bank Statement(s)

              The statements contained within have been completed on a                                CASH                  X         ACCRUAL BASIS.  I understand that any false statement may subject me to sanctions as provided for in Bankr. R. Pro. 9011.

	/s/ Kevin F. Kelly Debtor in Possession
02/18/2003     Date

A.  Mail the original to:	Mail one copy of this report to:
UNITED STATES BANKRUPTCY COURT 21ST FLOOR - COMERICA BUILDING 211 W. FORT STREET DETROIT, MICHIGAN 48226	OFFICE OF THE U. S. TRUSTEE 211 WEST FORT STREET SUITE 700 DETROIT, MICHIGAN 48226 Attn: John R. Kuhn

B.  Mail a copy of this report to each member of the Creditors' Committee (if any) and the attorney for the Creditors' Committee (if any).

UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF MICHIGAN

In the matter of:

Case Number: 02-63994-WS
Chapter 11

WPI Micro Processor Systems, Inc.
(Debtors)   Hon. Walter Shapero

AFFIRMATIONS
UNDER BANKR. R. PRO. 9011

As Debtor in Possession, I affirm:

1.	That the insurance, as described in section 5 of the Notice of Operating Instructions and Reporting Requirements, is in effect, and
2.	That all post petition taxes, as described in section 9 of the Notice of Operating Instructions and Report Requirements are current.
3.	No professional fees (accountant, attorneys, etc.) have been paid without specific court authorization. Explain below if not true.

                 I understand that any false statements may subject me to sanctions as provide for in Bankr. R. Pro. 9011.

	/s/ Kevin F. Kelly Debtor in Possession
02/18/2003     Date

Explanations:

WPI MICRO PROCESSOR SYSTEMS, INC. BALANCE SHEET AS OF JANUARY 26, 2003
ASSETS
Current Assets
Checking-Standard DIP	(79,892.59	)	(79,892.59	)
Prepaid Contracts	14,008.00		14,008.00
Total Current Assets	(65,884.59	)	(65,884.59	)
Fixed Assets
Cost	—		—
Accumulated Depreciation	—		—
Total Fixed Assets	—		—
Other Assets
Security Deposit	21,895.00		21,895.00
Total Other Assets	21,895.00		21,895.00
TOTAL ASSETS	(43,989.59	)	(43,989.59	)

LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable-Pre Petition	1,373,024.69
Accounts Payable-Post Petition	23,511.41		1,396,536.10
Due To/From NEXIQ Corporate	(9,004,337.05	)
Due To/From NEXIQ DSI	2,137,038.39		(6,867,298.66	)
Accrued Sales & Use Tax	—		—
Total Current Liabilities	(5,470,762.56	)	(5,470,762.56	)
Total Liabilities	(5,470,762.56	)	(5,470,762.56	)
Equity
Common Stock	3,145,000.00		3,145,000.00
Retained Earnings-Prior	(851,402.28	)	(851,402.28	)
Net Income	3,133,175.25		3,133,175.25
Total Equity	5,426,772.97		5,426,772.97
TOTAL LIABILITIES & EQUITY	(43,989.59	)	(43,989.59	)

WPI MICRO PROCESSOR SYSTEMS, INC. PROFIT AND LOSS STATEMENT FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
	12/30/02 to 01/26/03
Income
4920-03 - Sales Adjustments	39.29
Total Income - Net	(39.29	)
Cost of Sales
Total Cost of Sales	0.00
Gross Profit	(39.29	)
Operating Expenses
6210 - Supplies	314.43
6215 - Telephone	(1,630.77	)
6220 - Electricity	145.60
6230 - Water	18.72
6246 - Meals & Entertainment	57.09
6300 - Medical Ins	7,284.90
6400 - Equipment Maintenance	623.56
6405 - Equipment Lease	2,551.77
6410 - Bank Fees	165.51
6415 - Legal	4,507.96
6422 - Payroll Processing	824.00
6430 - Building Maintenance	(125.00	)
6500 - Telephone "1-800"	(167.09	)
6565 - Postage	503.02
6606 - Product Development/Pilots	573.57
Total Operating Expenses	15,647.27
Net Profit (Loss)	(15,686.56	)

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTER DISTRICT OF MICHIGAN
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
TAXES PAYABLE SCHEDULE POST PETITION
		Beginning Balance		Additions		Payments/ Deposits			Ending Balance
Income Tax Withheld:
Federal	$	—	$	—	$	—		$	—
State		0.00		0.00		0.00			0.00
FICA Tax Withheld		0.00		0.00		0.00			0.00
Employer's FICA Tax		0.00		0.00		0.00			0.00
Unemployment Tax:
Federal		0.00							0.00
State		0.00		0.00		0.00			0.00
Sales Use & Excise Tax		13.77		0.00		(13.77	)		0.00
Property Taxes		3,665.06		0.00		(3,665.06	)		0.00
Accrued Income Tax:
Federal		0.00							0.00
State		0.00							0.00
Other: Local Tax		0.00		0.00		0.00			0.00
TOTALS	$	3,678.83	$	—	$	(3,678.83	)	$	—
TAXES PAYABLE SCHEDULE
		Policy Expiration Date				Premium Paid Through Date
Workers' Compensation		12/31/02				12/31/02
General Liability		01/08/03				11/30/02 (awaiting for closeout billing)
Property		01/08/03				11/30/02 (awaiting for closeout billing)
Vehicle		01/08/03				11/30/02 (awaiting for closeout billing)
Other (list):
Directors and Officers Liability		09/30/03				03/31/03
Technology Errors & Omissions		06/30/03				12/31/02
Crime		01/31/03				01/31/03

WPI MICRO PROCESSOR SYSTEMS, INC. SUMMARY OF POST PETITION ACCOUNTS PAYABLE AGING SCHEDULE AS OF JANUARY 26, 2003
NAME OF CREDITOR		BALANCE		0 - 30 DAYS		31-60 DAYS		61-90 DAYS		> 90 DAYS
ADP, INC.	$	824.00	$	824.00	$	—	$	—	$	—
AETHER SYSTEMS, INC.		455.40		455.40
ALBIN BUSINESS COPIERS		292.01		292.01
AT&T		459.31		459.31
CELLNET COMMUNICATIONS		1,623.51		1,623.51
CINGULAR INTERACTIVE-DEV		1,171.51		1,171.51
CINTAS		569.62		569.62
CITY OF STERLING HEIGHTS		7,200.00		7,200.00
CITY OF STERLING HEIGHTS		74.84		74.84
CONSUMERS ENERGY		1,961.37		1,961.37
CUSTOM COFFEE SERVICE INC.		177.90		177.90
ERVIN LEASING		212.50		212.50
EXPANETS, INC.		1,620.26		1,620.26
FEDERAL EXPRESS CORP		436.60		436.60
IMAGE-TEK EXHIBITS		150.00		150.00
MR. PITA		57.09		57.09
RADER FISHMAN		4,507.96		4,507.96
T MOBILE		61.53				61.53
VERIO, INC. -22		1,006.50		1,006.50
WASTE MANAGEMENT		75.93		75.93
WIRELESS CAR		573.57		573.57
TOTALS	$	23,511.41	$	23,449.88	$	61.53	$	—	$	—

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:      WPI Micro Processor Systems, Inc.
Case Number:   02-63994-WS
CASH RECEIPTS AND DISBURSEMENTS REPORT
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
	GENERAL ACCOUNT
	Fleet - DIP		SFB		TOTAL		PAYROLL ACCOUNT		TAX ACCOUNT
CASH ON HAND BEGINNING OF PERIOD	0.00		27,372.02		27,372.02		456.65		0.00
RECEIPTS DURING THE CURRENT PERIOD (see attached schedule)	0.00		400,390.64		400,390.64		0.00		0.00
Balance Available	0.00		427,762.66		427,762.66		456.65		0.00
DISBURSEMENTS DURING THE CURRENT PERIOD (see attached schedule)	0.00		(507,655.25	)	(507,655.25	)	(456.65	)	0.00
CASH ON HAND END OF PERIOD	0.00		(79,892.59	)	(79,892.59	)	0.00		0.00
	*** IMPORTANT ***
Please enter the TOTAL DISBURSEMENTS from all your accounts, including cash and excluding transfers, onto the line below. This is the number that will determine your quarterly fee payment.
		$	95,542.68

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:          WPI Micro Processor Systems, Inc.
Case Number:       02-63994-WS
RECEIPTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:	Fleet Bank
Location:	111 Westminster Street, Providence, RI 02903
Account Name:	Nexiq Technologies Debtor in Possession Concentration Account
Account Number:	9429256472
DATE RECEIVED	DESCRIPTION		AMOUNT
	None		0.00
	TOTAL	$	—
Receipts may be identified by major categories.  It is not necessary to list each transaction separately by name and customer or invoice number. You must, however, create a separate list for each bank account to which receipts were deposited during the month.

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:          WPI Micro Processor Systems, Inc.
Case Number:       02-63994-WS
RECEIPTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:	Standard Federal Bank
Location:	40950 Van Dyke Avenue, Sterling Heights, MI 48313
Account Name:	Nexiq Technologies Debtor in Possession
Account Number:	3664000599
DATE RECEIVED	DESCRIPTION		AMOUNT
Transfer	Transfer from Nexiq Technologies to cover checks written		400,000.00
Transfer	Transfer from closed Standard Federal Payroll account		390.64
	TOTAL	$	400,390.64
Receipts may be identified by major categories.  It is not necessary to list each transaction separately by name and customer or invoice number. You must, however, create a separate list for each bank account to which receipts were deposited during the month.

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:          WPI Micro Processor Systems, Inc.
Case Number:       02-63994-WS
RECEIPTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:	Standard Federal Bank
Location:	40950 Van Dyke Avenue, Sterling Heights, MI 48313
Account Name:	Nexiq Technologies Debtor in Possession
Account Number:	5607110490
DATE RECEIVED	DESCRIPTION		AMOUNT
	None		0.00
	TOTAL	$	—
Receipts may be identified by major categories.  It is not necessary to list each transaction separately by name and customer or invoice number. You must, however, create a separate list for each bank account to which receipts were deposited during the month.

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:       WPI Micro Processor Systems, Inc.
Case Number:    02-63994-WS
DISBURSEMENTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:		Fleet Bank
Location:		111 Westminster Street, Providence, RI 02903
Account Name:		Nexiq Technologies Debtor in Possession Concentration Account
Account Number:		9429256472
DATE DISBURSED	CHECK NUMBER	PAYEE	DESCRIPTION		AMOUNT
		None			0.00
			TOTAL	$	—
You must create a separate list for each bank account from which disbursements were made during the month.

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:       WPI Micro Processor Systems, Inc.
Case Number:    02-63994-WS
DISBURSEMENTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:		Standard Federal Bank
Location:		40950 Van Dyke Avenue, Sterling Heights, MI 48313
Account Name:		Nexiq Technologies Debtor in Possession
Account Number:		3664000599
DATE DISBURSED	CHECK NUMBER	PAYEE	DESCRIPTION		AMOUNT
	Transfer	Diversified Software Industries	Checks written		15,174.68
	Transfer	Nexiq Technologies	Checks written		397,003.90
01/08/03	1440	AMERITECH	LOCAL PHONE SERVICES		729.16
01/08/03	1441	AT&T	E-TECH DSL		219.95
01/08/03	1442	AT&T	19 MILE LONG DISTANCE		3,149.26
01/08/03	1443	AT&T	T-1 LINE MI TO IA		3,252.82
01/08/03	1444	ADP, INC.	PAYROLL PROCESSING		644.37
01/08/03	1445	BALBOA CAPITAL CORPORATION	ACCOUNTING PRINTER		250.31
01/08/03	1446	BALBOA CAPITAL CORP-BULK	CD BURNER/PRINTER		352.99
01/08/03	1448	CINTAS	UNIFORMS AND FLOOR MAT CLEAN		34.16
01/08/03	1449	CITY OF STERLING HEIGHTS	WATER & SEWER		85.47
01/08/03	1450	EUREKA TECHNOCRATS, INC.	E-TECH CONTRACT LABOR		4,400.00
01/08/03	1451	EXPANETS, INC.	PHONE SYSTEMS MAINTENANCE		681.86
01/08/03	1452	FEDERAL EXPRESS	SHIPPING CHARGES		396.02
01/08/03	1453	G & P CLEANING COMPANY	BUILDING CLEANING SERVICES - JAN		1,125.00
01/08/03	1455	IMAGE TEK EXHIBITS	TRADE SHOW BOOTH STORAGE		150.00
01/08/03	1458	LEDDS DEVELOPMENT	RENT PROPERTY TAXES		24,370.06
01/08/03	1461	DEBBIE LOVALVO	PETTY CASH		307.60
01/08/03	1462	MR PITA	CATERING LUNCH		69.31
01/08/03	1464	RADER, FISHMAN	E-TECH LEGAL		782.96
01/08/03	1465	RAYMOND DRYER	FSA		100.00
01/08/03	1467	UNITED PARCEL SERVICE	SHIPPING CHARGES		1,687.19
01/08/03	1469	VERIO, INC.	INTERNET T1		1,006.50
01/08/03	1470	WASTE MANAGEMENT	WASTE DISPOSAL		350.19
01/08/03	1471	WIRELESSCAR NORTH AMERICA	E-TECH NOC FEE & AIRTIME		11,812.25
01/17/03	1475	ALBIN BUSINESS COPIERS	METER CHARGES		237.93
01/17/03	1476	CELLNET COMMUNICATIONS	CELL PHONES		151.25
01/17/03	1477	CINGULAR INTERACTIVE	E-TECH		1,203.31
01/17/03	1478	DE CLARKS LANDSCAPING	LANDSCAPING - SALT CHARGES		500.00
01/17/03	1479	FEDERAL EXPRESS	SHIPPING SERVICES		1,204.70
01/17/03	1490	STATE OF MICHIGAN	SALES AND USE TAX		13.77
01/24/03	1492	AMERITECH	MPSI LOCAL VOICE		658.98
01/24/03	1493	AMERITECH	MSPI LOCAL CALLS		741.25
01/24/03	1494	AT&T	MPSI LONG DISTANCE		2,850.96
01/24/03	1495	AT&T TELECONFERENCE	MPSI TELECONFERENCE		133.82
01/24/03	1497	CATERPILLAR	ROYALTY		21,412.48
01/24/03	1500	CONSUMERS ENERGY	GAS		1,220.75
01/24/03	1503	DETROIT EDISON	ELECTRIC		2,001.36
01/24/03	1504	DETROIT DIESEL CORP	ROYALTY		2,970.00
01/24/03	1506	EATON CORPORATION	ROYALTY		504.00
01/24/03	1507	ERVIN LEASING COMPANY	EQUIPMENT LEASE		349.32
01/24/03	1508	EXPANETS FINANCIAL	TELEPHONE LEASE		3,184.00
01/24/03	1509	FEDERAL EXPRESS	SHIPPING		53.96
01/24/03	1520	CUSTOM COFFEE SERVICES	COFFEE SUPPLIES		28.00
01/15/03	Wire	Standard Federal Bank	Bank Fee		99.50
			TOTAL	$	507,655.25
You must create a separate list for each bank account from which disbursements were made during the month.

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:       WPI Micro Processor Systems, Inc.
Case Number:    02-63994-WS
DISBURSEMENTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:		Standard Federal Bank
Location:		40950 Van Dyke Avenue, Sterling Heights, MI 48313
Account Name:		Nexiq Technologies Debtor in Possession
Account Number:		5607110490
DATE DISBURSED	CHECK NUMBER	PAYEE	DESCRIPTION		AMOUNT
	Transfer	Standard Federal Bank	Closed account		390.64
01/15/03	Wire	Standard Federal Bank	Monthly Bank Fee		66.01
			TOTAL	$	456.65
You must create a separate list for each bank account from which disbursements were made during the month.

EXHIBIT 99.3

UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF MICHIGAN

In the matter of:

Case Number: 02-63998-WS
Chapter 11

Diversified Software Industries, Inc.
(Debtors)   Hon. Walter Shapero

STATEMENT OF DEBTOR IN POSSESSION
UNDER BANKR. R. PRO. 9011
For the month of December 30, 2002 to January 26, 2003

The Debtor in Possession states:

Attached is a complete and accurate (check appropriate lines).

X	Balance Sheet
X	Profit and Loss Statement
X	Cash Receipts and Disbursements Report
X	Accounts Payable Aging Schedule
X	Taxes Payable/Insurance Schedule
X	Reconciled Bank Statement(s)

              The statements contained within have been completed on a                                CASH                  X         ACCRUAL BASIS.  I understand that any false statement may subject me to sanctions as provided for in Bankr. R. Pro. 9011.

	/s/ Kevin F. Kelly Debtor in Possession
02/18/2003     Date

A.  Mail the original to:	Mail one copy of this report to:
UNITED STATES BANKRUPTCY COURT 21ST FLOOR - COMERICA BUILDING 211 W. FORT STREET DETROIT, MICHIGAN 48226	OFFICE OF THE U. S. TRUSTEE 211 WEST FORT STREET SUITE 700 DETROIT, MICHIGAN 48226 Attn: John R. Kuhn

B.  Mail a copy of this report to each member of the Creditors' Committee (if any) and the attorney for the Creditors' Committee (if any).

UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF MICHIGAN

In the matter of:

Case Number: 02-63998-WS
Chapter 11

Diversified Software Industries, Inc.
(Debtors)   Hon. Walter Shapero

AFFIRMATIONS
UNDER BANKR. R. PRO. 9011

As Debtor in Possession, I affirm:

1.	That the insurance, as described in section 5 of the Notice of Operating Instructions and Reporting Requirements, is in effect, and
2.	That all post petition taxes, as described in section 9 of the Notice of Operating Instructions and Report Requirements are current.
3.	No professional fees (accountant, attorneys, etc.) have been paid without specific court authorization. Explain below if not true.

                 I understand that any false statements may subject me to sanctions as provide for in Bankr. R. Pro. 9011.

	/s/ Kevin F. Kelly Debtor in Possession
02/18/2003     Date

Explanations:

DIVERSIFIED SOFTWARE INDUSTRIES, INC. BALANCE SHEET AS OF JANUARY 26, 2003
ASSETS
Other Assets
Security Deposit	2,630.38
Deposits - Utilities	1,992.00	4,622.38
Total Other Assets	4,622.38	4,622.38
TOTAL ASSETS	4,622.38	4,622.38

LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable-Pre Petition	101,817.72
Accounts Payable-Post Petition	3,547.35		105,365.07
Due To/From NEXIQ Corporate	2,210,253.41
Due To/From NEXIQ Detroit	(2,137,038.39)		73,215.02
Accrued Salaries	11,022.35
Accrued Payroll Other	49,311.21		60,333.56
Total Current Liabilities	238,913.65		238,913.65
Long Term Liabilities
TIF Grant	74,000.00
CEBA Grant	104,372.98		178,372.98
Total Long Term Liabilities	178,372.98		178,372.98
Total Liabilities	417,286.63		417,286.63
Equity
Owner's Equity - Opening	26,455.95
Owner's Equity - Other	2,862,799.32		2,889,255.27
Retained Earnings - DIS	(4,116,277.62	)	(4,116,277.62	)
Net Income	814,358.10		814,358.10
	(412,664.25	)	(412,664.25	)
TOTAL LIABILITIES & EQUITY	4,622.38		4,622.38

DIVERSIFIED SOFTWARE INDUSTRIES, INC. PROFIT AND LOSS STATEMENT FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
	12/30/02 to 01/26/03
Income
Total Income	0.00
Operating Expenses
6000 - Salaries	10,160.16
6100 - FICA	777.25
6105 - FUTA	81.28
6110 - SUI	3.66
6215 - Telephone	(334.66	)
6230 - Water	32.45
6235 - Gas	60.30
6245 - Travel Expense	(368.00	)
6310 - Disability/Life	(17.45	)
6410 - Bank Fees	6.30
6415 - Professional Fees	(88.00	)
6422 - Payroll Processing	36.00
6430 - Building Maintenance	75.60
6565 - Postage	107.64
7000 - Gain/Loss on Sale of Assets	(230,266.03	)
Total Expenses	(219,733.50	)
Net Profit (Loss)	219,733.50

DIVERSIFIED SOFTWARE INDUSTRIES, INC. SUMMARY OF POST PETITION ACCOUNTS PAYABLE AGING SCHEDULE AS OF JANUARY 26, 2003
NAME OF CREDITOR		0 - 30 DAYS		31-60 DAYS		61 - 90 DAYS		> 90 DAYS		BALANCE
ADP	$	36.00	$	—	$	—	$	—	$	36.00
City of Coralville		50.29								50.29
Linn County REC		987.24								987.24
MidAmerican Energy		899.73								899.73
Sprint		405.92								405.92
Sprint Conferencing Services		624.07								624.07
Verizon Wireless		544.10								544.10
TOTALS	$	3,547.35	$	—	$	—	$	—	$	3,547.35

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTER DISTRICT OF MICHIGAN
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
TAXES PAYABLE SCHEDULE POST PETITION
		Beginning Balance		Additions		Payments/ Deposits		Ending Balance
Income Tax Withheld:
Federal	$	—	$	—	$	—	$	—
State		0.00		0.00		0.00		0.00
FICA Tax Withheld		0.00		0.00		0.00		0.00
Employer's FICA Tax		0.00		0.00		0.00		0.00
Unemployment Tax:
Federal		0.00						0.00
State		0.00		0.00		0.00		0.00
Sales Use & Excise Tax		0.00		0.00		0.00		0.00
Property Taxes		0.00		0.00		0.00		0.00
Accrued Income Tax:
Federal		0.00						0.00
State		0.00		0.00		0.00		0.00
Other:		0.00						0.00
TOTALS	$	—	$	—	$	—	$	—
TAXES PAYABLE SCHEDULE
		Policy Expiration Date				Premium Paid Through Date
Workers' Compensation		12/31/02				12/31/02
General Liability		01/08/03				11/30/02 (awaiting for closeout billing)
Property		01/08/03				11/30/02 (awaiting for closeout billing)
Vehicle		01/08/03				11/30/02 (awaiting for closeout billing)
Other (list):
Directors and Officers Liability		09/30/03				03/31/03
Technology Errors & Omissions		06/30/03				12/31/02
Crime		01/31/03				01/31/03

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:      Diversified Software Industries, Inc.
Case Number:   02-63998-WS
CASH RECEIPTS AND DISBURSEMENTS REPORT
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
	GENERAL ACCOUNT
	Fleet - DIP		SFB		TOTAL		PAYROLL ACCOUNT		TAX ACCOUNT
CASH ON HAND BEGINNING OF PERIOD	0.00		0.00		0.00		224.31		0.00
RECEIPTS DURING THE CURRENT PERIOD (see attached schedule)	10,471.61		15,174.68		25,646.29		116.56		0.00
Balance Available	10,471.61		15,174.68		25,646.29		340.87		0.00
DISBURSEMENTS DURING THE CURRENT PERIOD (see attached schedule)	(10,471.61	)	(15,174.68	)	(25,646.29	)	(340.87	)	0.00
CASH ON HAND END OF PERIOD	0.00		0.00		0.00		0.00		0.00
	*** IMPORTANT ***
Please enter the TOTAL DISBURSEMENTS from all your accounts, including cash and excluding transfers, onto the line below. This is the number that will determine your quarterly fee payment.
		$	15,180.98

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:          Diversified Software Industries, Inc.
Case Number:       02-63998-WS
RECEIPTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:	Fleet Bank
Location:	111 Westminster Street, Providence, RI 02903
Account Name:	Nexiq Technologies Debtor in Possession Concentration Account
Account Number:	9429256472
DATE RECEIVED	DESCRIPTION		AMOUNT
01/17/03	Sale of fixed asset - Chrysler Concord		10,000.00
01/17/03	Provident Life final settlement		15.61
01/17/03	Reimbursement of unused cash advance		368.00
01/17/03	Legal refund of overpayment		88.00
	TOTAL	$	10,471.61
Receipts may be identified by major categories.  It is not necessary to list each transaction separately by name and customer or invoice number. You must, however, create a separate list for each bank account to which receipts were deposited during the month.

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:          Diversified Software Industries, Inc.
Case Number:       02-63998-WS
RECEIPTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:	Standard Federal Bank
Location:	40950 Van Dyke Avenue, Sterling Heights, MI 48313
Account Name:	Nexiq Technologies Debtor in Possession
Account Number:	3664000599
DATE RECEIVED	DESCRIPTION		AMOUNT
Transfer	Transfer from WPI Micro Processor Systems to cover checks written		15,174.68
	TOTAL	$	15,174.68
Receipts may be identified by major categories.  It is not necessary to list each transaction separately by name and customer or invoice number. You must, however, create a separate list for each bank account to which receipts were deposited during the month.

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:          Diversified Software Industries, Inc.
Case Number:       02-63998-WS
RECEIPTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:	Hawkeye State Bank
Location:	299 S. Dubuque Street, Iowa City, IA 52240
Account Name:	Diversified Software Industries Payroll Account
Account Number:	044644
DATE RECEIVED	DESCRIPTION		AMOUNT
	Closed Account related to Flexible Spending Plan Account		116.56
	TOTAL	$	116.56
Receipts may be identified by major categories.  It is not necessary to list each transaction separately by name and customer or invoice number. You must, however, create a separate list for each bank account to which receipts were deposited during the month.

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:       Diversified Software Industries, Inc.
Case Number:    02-63998-WS
DISBURSEMENTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:		Fleet Bank
Location:		111 Westminster Street, Providence, RI 02903
Account Name:		Nexiq Technologies Debtor in Possession Concentration Account
Account Number:		9429256472
DATE DISBURSED	CHECK NUMBER	PAYEE	DESCRIPTION		AMOUNT
	Transfer	Nexiq Technologies	Transfer - deposit comingled with other funds		10,471.61
			TOTAL	$	10,471.61
You must create a separate list for each bank account from which disbursements were made during the month.

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:       Diversified Software Industries, Inc.
Case Number:    02-63998-WS
DISBURSEMENTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:		Standard Federal Bank
Location:		40950 Van Dyke Avenue, Sterling Heights, MI 48313
Account Name:		Nexiq Technologies Debtor in Possession
Account Number:		3664000599
DATE DISBURSED	CHECK NUMBER	PAYEE	DESCRIPTION		AMOUNT
01/08/03	1468	VENTURE ONE	DSI RENT		9,152.92
01/17/03	1474	ADP, INC.	PAYROLL SERVICES		452.25
01/17/03	1480	FREEMAN LOCK	ALARM SERVICES		75.60
01/17/03	1484	LINN COUNTY REC	DSI ELECTRICAL		1,057.47
01/17/03	1485	MIDAMERICAN ENERGY COMPANY	DSI GAS		577.33
01/17/03	1486	SOUTH SLOPE	LOCAL SERVICE AND T1 CHARGES		721.05
01/17/03	1487	SPRINT	LONG DISTANCE CHARGES		460.47
01/17/03	1488	SPRINT PCS	CELL PHONES		414.19
01/17/03	1489	SPRINT CONFERENCING SERVICES	TELECONFERENCING		1,116.48
01/17/03	1491	WASTE MANAGEMENT	DISPOSAL CHARGE		73.35
01/24/03	1496	B2B FINANCIAL ADVANTAGE	CLEANING SERVICES		401.10
01/24/03	1498	CINGULAR INTERACTIVE	WIRELESS SERVICES		324.30
01/24/03	1511	JAMES GRIFFIN	EXPENSE REIMBURSEMENT		34.35
01/24/03	1517	QWEST	T1 CONNECTION		234.73
01/24/03	1519	CITY OF CORALVILLE	WATER		79.09
			TOTAL	$	15,174.68
You must create a separate list for each bank account from which disbursements were made during the month.

U. S. DEPARTMENT OF JUSTICE UNITED STATES TRUSTEE EASTERN DISTRICT OF MICHIGAN
Case Name:       Diversified Software Industries, Inc.
Case Number:    02-63998-WS
DISBURSEMENTS LISTING
FOR THE PERIOD OF DECEMBER 30, 2002 TO JANUARY 26, 2003
Bank:		Hawkeye State Bank
Location:		299 S. Dubuque Street, Iowa City, IA 52240
Account Name:		Diversified Software Industries Payroll Account
Account Number:		044644
DATE DISBURSED	CHECK NUMBER	PAYEE	DESCRIPTION		AMOUNT
	Transfer	Fleet Nexiq Debtor in Possession	Closed account		334.57
	Wires	Hawkeye State Bank	Bank Fee		6.30
			TOTAL	$	340.87
You must create a separate list for each bank account from which disbursements were made during the month.