content: SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C.  20549
  
  
                            FORM 8-K
  
  
  
                        CURRENT REPORT
             Pursuant to section 13 of 15(d) of the Securities
                      Exchange Act of 1934
  
  
            Date of Report (Date of earliest event reported):
                         October 29, 1999
  
  
  
                     Network Six, Inc.
     (Exact name of registrant as specified in its charter)
  
                 Commission File No. 0-21038
  
      Rhode Island                         05-036-6090
  (State or other jurisdiction of       (I.R.S. Employer
                                        Identification No.)
    incorporation or organization)
  
  
           475 Kilvert Street, Warwick, Rhode Island  02886
    (Address of principal executive offices, including zip code)
  
                        (401) 732-9000
        (Registrant's telephone number, including area code)
  
  Item 5. Other Events
  
           The October 29, 1999 Press Release of the Registrant attached hereto
  as EXHIBIT 99 is incorporated herein by reference.
  
  Item 7 (c)    Exhibits
  
  99   Press Release, dated October 29,1999, of Network Six, Inc.
  
  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.
  
                                 Network Six, Inc.
                              -----------------------
                                 (Registrant)
  
  Date:  October 29, 1999         By: /s/ Dorothy M. Cipolla
                                       Dorothy M. Cipolla
                                        Chief Financial Officer
  Network Six, Inc.
  Current Report on Form 8-K
  Dated October 29, 1999
  
  Exhibit Index
  
  Exhibit
     No.                                        Exhibits
  
  99 Press Release dated October 29, 1999
                                               EXHIBIT 99
  NETWORK SIX REPORTS THIRD QUARTER
        FINANCIAL RESULTS
  
  Contact (401) 732-9000
  Kenneth C. Kirsch, President and CEO
  Or
  Dorothy M. Cipolla, CFO and Treasurer
  October 29, 1999
  
  
  
  Warwick, RI: Network Six, Inc. (NASDAQ:NWSS) reported contract revenue earned
  for the quarter ending September 30, 1999 of $2,575,192, down 3%, or $87,411,
  from $2,662,603 the same period a year ago.  Net income for the period was
  $149,727, or $0.09 per share, down $148,409 from the same period a year ago
  when the Company reported net income of $298,136, or $.28 per share.
  
  Contract revenue earned for the nine months ending September 30, 1999 was
  $7,813,958 down $323,958, or 4%, from $8,137,916 the same period a year ago.
  Net loss for the period was $1,305,315, or $1.98 per share, down $2,053,714
  from the same period a year ago when the Company reported net income of
  $748,399, or $.66 per share.  These figures include a one-time pre-tax charge
  of approximately $3.2 million ($1.9 million after-tax) related to the Company
  settling its long-standing litigation with the State of Hawaii. Without the
  Hawaii settlement charge, net income for the first nine months would have been
  $568,917 or $.42 per share.
  
  Kenneth C. Kirsch, President and CEO commented, "Earlier in the year, we made a
  conscious decision to beef up our sales and marketing staff and to pursue
  selective markets.  This investment continued during the third quarter and we
  expect it to continue prospectively as well. With our improved financial
  health, we are able to focus our efforts on growing the Company for the
  long-term by making investments in product development and selling and
  marketing activities that we expect to generate favorable returns for the
  Company in the years to come.  Although third quarter revenues fell below our
  expectations, primarily due to a slowdown in new systems development
  activities related to Y2K, we believe that new systems development initiatives
  and related spending will re-commence shortly after the beginning of the year."
  
  Dorothy Cipolla, CFO and Treasurer, added, "The Company continues to grow
  stronger every day; our cash position has never been higher, our balance sheet
  is solid and our credit facility remains untapped.  We are well positioned for
  growth."
  
  **************************************************************************
  Network Six is a full service systems integrator, providing information
  technology solutions that enable its customers to become more effective and
  efficient.  Network Six's services include management consulting, network
  design, network and application implementation, training, outsourcing,
  maintenance and support.  Network Six's stock is traded on the NASDAQ SmallCap
  Market under the symbol NWSS.  Its website is http://www.networksix.com.
  
  This report contains forward-looking statements reflecting the Company's
  expectations or beliefs concerning future events that could materially affect
  Company performance in the future.  All forward-looking statements are subject
  to the risks and uncertainties inherent with predictions and forecasts.  Please
  refer to the Company's 10Q for June 30, 1999 or 10K for December 31, 1998 for
  more discussion and information.
  
  The following is a recap of Network Six's operating results and balance sheet:
  
  
                                     Network Six, Inc.
                                 Condensed Balance Sheets
  
                                           Sept. 30, 1999    Dec. 31, 1998
  Assets                                     (unaudited)
  Current assets:                           ------------     ------------
  [S]                                        [C]               [C]
   Cash                                   $    2,534,719    $   1,442,035
   Contract receivables, less allowance for
     doubtful accounts of $50,000 at Sept. 30,
     1999 and $69,175 at December 31, 1998     1,558,083        1,966,788
   Costs and estimated earnings in excess of
     billings on contract                        816,352        1,220,253
   Refundable income taxes relating to the
     Hawaii settlement                           686,000              -
   Other current assets                          127,820          112,433
                                            ------------     ------------
       Total current assets                    5,722,974        4,741,509
                                            ------------     ------------
  Property and equipment
    Computers and equipment                      618,021          590,527
    Furniture and fixtures                       162,606          163,532
    Leasehold improvements                        20,191           20,191
                                            ------------     ------------
                                                 800,818          774,250
  Less: accum. depreciation and amortization     587,574          602,033
                                            ------------     ------------
         Net property and equipment              213,244          172,217
  
  Deferred taxes                                 417,401           37,097
  
  Contract receivables and costs in excess
     of billings on Hawaii contract                  -          3,459,382
  Other assets                                    86,906          290,577
                                            ------------     ------------
                                          $    6,440,525    $   8,700,782
                                             ===========      ===========
  
  
  
  
  
  
  
                                          Sept. 30, 1999    Dec. 31, 1998
                                           (unaudited)
  Liabilities and Stockholders' Equity     ------------     ------------
  Current liabilities:
    Current installment of obligations
       under capital leases               $        7,227   $       89,483
    Current portion of long-term debt:
      Vendors                                    100,000          200,000
      Others                                     340,918           91,997
    Accounts payable                              80,645           58,456
    Accrued salaries and benefits                573,266          579,320
    Accrued subcontractor expense                 24,153           24,950
    Other accrued expenses                        74,726          320,982
    Billings in excess of costs and
     estimated earnings on contracts             328,478          341,572
    Income taxes payable                             -            780,066
    Deferred taxes                                42,491           42,491
    Preferred stock dividends payable          1,035,975          795,992
                                            ------------     ------------
      Total current liabilities                2,607,879        3,325,309
                                            ------------     ------------
  Obligations under capital leases,
      excluding current installments                 -             38,090
  Long-term debt, less current portion:
      Vendors                                    642,239          542,239
      Others                                     837,234          409,778
  Hawaii Payable                                     -            576,483
                                            ------------     ------------
       Total Liabilities                       4,087,352        4,891,899
                                            ------------     ------------
  Stockholders' equity:
    Series A convertible preferred stock,
      $3.50 par value. Authorized 857,142.85
      shares; issued and outstanding 714,285.71
      shares at Sept. 30, 1999 and December 31,
      1998; liquidation of $3.50 per share
      plus unpaid and accumulated dividends    2,235,674        2,235,674
    Common stock, $.10 par value. Authorized
      4,000,000 shares; issued 792,881 shares
      at September 30, 1999 and 764,663 at
      December 31, 1998                           79,288           76,466
  Additional paid-in capital                   1,886,294        1,796,284
  Treasury stock, recorded at cost, 316 shares at
      Sept.30, 1999 and 0 at December 31, 1998    (3,245)             -
  Retained earnings (accumulated deficit)     (1,844,838)       (299,541)
                                            ------------     ------------
       Total stockholders' equity              2,353,173        3,808,883
                                            ------------     ------------
       Total Liabilities &
         Stockholders' Equity             $    6,440,525   $    8,700,782
                                             ===========      ===========
  
  
  
  
  
  
                                 Network Six, Inc.
                           Condensed Statements of Income
                                   (Unaudited)
                         [C]              [C]           [C]          [C]
                          Three months   Three months   Six months     Six months
                        ended 9/30/99   ended 9/30/98  ended 9/30/99 ended 9/30/98
                        -------------   -------------  ------------- -------------
  
  Contract revenue earned     2,575,192     2,662,603      7,813,958    8,137,916
  Cost of revenue earned      1,632,648     1,535,388      4,772,396    5,140,573
                           ------------   ------------   ------------   ----------
       Gross profit             942,544     1,127,215      3,041,562    2,997,344
  
  Selling, general &
   administrative expenses      655,048       617,290      2,011,408    1,737,581
  Litigation settlement             -              -       3,176,665            -
                           ------------   ------------   ------------ ------------
    Income from operations      287,496       509,925     (2,146,511)   1,259,763
  
  Other deductions (income)
       Interest expense          60,147        14,573        119,512       54,289
       Interest earned          (26,426)      (10,336)       (58,124)     (63,377)
                           ------------   ------------   ------------  -----------
  Income before
    income taxes                253,775       505,688     (2,207,899)   1,268,851
  
  Income taxes                  104,048       207,552       (902,584)     520,452
                           ------------   ------------   ------------  -----------
  Net income                    149,727       298,136     (1,305,315)     748,399
                          =============  =============  =============  ===========
  Net income per share:
  Basic                           0.09           0.28          (1.98)        0.66
                          =============  =============  ============= ============
  Diluted                         0.09           0.28          (1.98)        0.66
                          =============  =============  =============  ===========
  Shares used in computing net income per share:
  Basic                        788,573        763,880        785,476      756,519
                         =============  =============  =============  ============
  Diluted                      788,573        763,880        785,476      756,519
                         =============  =============  =============  ============
  Preferred dividends
    declared                    81,918         85,068        239,983      252,431
                         =============  =============  ============= =============
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 13208}]
metadata_filer: {"company-data": {"conformed-name": "NETWORK SIX INC", "cik": "0000726714", "assigned-sic": "7373", "irs-number": "050366090", "state-of-incorporation": "RI", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21038", "film-number": "99738420"}, "business-address": {"street1": "475 KILVERT ST", "city": "WARWICK", "state": "RI", "zip": "02886", "phone": "4017329000"}, "mail-address": {"street1": "475 KILVERT STREET", "city": "WARWICK", "state": "RI", "zip": "02886"}}
text: SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C.  20549
  
                            FORM 8-K
  
                        CURRENT REPORT
             Pursuant to section 13 of 15(d) of the Securities
                      Exchange Act of 1934
  
            Date of Report (Date of earliest event reported):
                         October 29, 1999
  
                     Network Six, Inc.
     (Exact name of registrant as specified in its charter)
  
                 Commission File No. 0-21038
  
      Rhode Island                         05-036-6090
  (State or other jurisdiction of       (I.R.S. Employer
                                        Identification No.)
    incorporation or organization)
  
           475 Kilvert Street, Warwick, Rhode Island  02886
    (Address of principal executive offices, including zip code)
  
                        (401) 732-9000
        (Registrant's telephone number, including area code)
  
  Item 5. Other Events
  
           The October 29, 1999 Press Release of the Registrant attached hereto
  as EXHIBIT 99 is incorporated herein by reference.
  
  Item 7 (c)    Exhibits
  
  99   Press Release, dated October 29,1999, of Network Six, Inc.
  
  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.
  
                                 Network Six, Inc.
                              -----------------------
                                 (Registrant)
  
  Date:  October 29, 1999         By: /s/ Dorothy M. Cipolla
                                       Dorothy M. Cipolla
                                        Chief Financial Officer
  Network Six, Inc.
  Current Report on Form 8-K
  Dated October 29, 1999
  
  Exhibit Index
  
  Exhibit
     No.                                        Exhibits
  
  99 Press Release dated October 29, 1999
                                               EXHIBIT 99
  NETWORK SIX REPORTS THIRD QUARTER
        FINANCIAL RESULTS
  
  Contact (401) 732-9000
  Kenneth C. Kirsch, President and CEO
  Or
  Dorothy M. Cipolla, CFO and Treasurer
  October 29, 1999
  
  Warwick, RI: Network Six, Inc. (NASDAQ:NWSS) reported contract revenue earned
  for the quarter ending September 30, 1999 of $2,575,192, down 3%, or $87,411,
  from $2,662,603 the same period a year ago.  Net income for the period was
  $149,727, or $0.09 per share, down $148,409 from the same period a year ago
  when the Company reported net income of $298,136, or $.28 per share.
  
  Contract revenue earned for the nine months ending September 30, 1999 was
  $7,813,958 down $323,958, or 4%, from $8,137,916 the same period a year ago.
  Net loss for the period was $1,305,315, or $1.98 per share, down $2,053,714
  from the same period a year ago when the Company reported net income of
  $748,399, or $.66 per share.  These figures include a one-time pre-tax charge
  of approximately $3.2 million ($1.9 million after-tax) related to the Company
  settling its long-standing litigation with the State of Hawaii. Without the
  Hawaii settlement charge, net income for the first nine months would have been
  $568,917 or $.42 per share.
  
  Kenneth C. Kirsch, President and CEO commented, "Earlier in the year, we made a
  conscious decision to beef up our sales and marketing staff and to pursue
  selective markets.  This investment continued during the third quarter and we
  expect it to continue prospectively as well. With our improved financial
  health, we are able to focus our efforts on growing the Company for the
  long-term by making investments in product development and selling and
  marketing activities that we expect to generate favorable returns for the
  Company in the years to come.  Although third quarter revenues fell below our
  expectations, primarily due to a slowdown in new systems development
  activities related to Y2K, we believe that new systems development initiatives
  and related spending will re-commence shortly after the beginning of the year."
  
  Dorothy Cipolla, CFO and Treasurer, added, "The Company continues to grow
  stronger every day; our cash position has never been higher, our balance sheet
  is solid and our credit facility remains untapped.  We are well positioned for
  growth."
  
  **************************************************************************
  Network Six is a full service systems integrator, providing information
  technology solutions that enable its customers to become more effective and
  efficient.  Network Six's services include management consulting, network
  design, network and application implementation, training, outsourcing,
  maintenance and support.  Network Six's stock is traded on the NASDAQ SmallCap
  Market under the symbol NWSS.  Its website is http://www.networksix.com.
  
  This report contains forward-looking statements reflecting the Company's
  expectations or beliefs concerning future events that could materially affect
  Company performance in the future.  All forward-looking statements are subject
  to the risks and uncertainties inherent with predictions and forecasts.  Please
  refer to the Company's 10Q for June 30, 1999 or 10K for December 31, 1998 for
  more discussion and information.
  
  The following is a recap of Network Six's operating results and balance sheet:
  
                                     Network Six, Inc.
                                 Condensed Balance Sheets
  
                                           Sept. 30, 1999    Dec. 31, 1998
  Assets                                     (unaudited)
  Current assets:                           ------------     ------------
  [S]                                        [C]               [C]
   Cash                                   $    2,534,719    $   1,442,035
   Contract receivables, less allowance for
     doubtful accounts of $50,000 at Sept. 30,
     1999 and $69,175 at December 31, 1998     1,558,083        1,966,788
   Costs and estimated earnings in excess of
     billings on contract                        816,352        1,220,253
   Refundable income taxes relating to the
     Hawaii settlement                           686,000              -
   Other current assets                          127,820          112,433
                                            ------------     ------------
       Total current assets                    5,722,974        4,741,509
                                            ------------     ------------
  Property and equipment
    Computers and equipment                      618,021          590,527
    Furniture and fixtures                       162,606          163,532
    Leasehold improvements                        20,191           20,191
                                            ------------     ------------
                                                 800,818          774,250
  Less: accum. depreciation and amortization     587,574          602,033
                                            ------------     ------------
         Net property and equipment              213,244          172,217
  
  Deferred taxes                                 417,401           37,097
  
  Contract receivables and costs in excess
     of billings on Hawaii contract                  -          3,459,382
  Other assets                                    86,906          290,577
                                            ------------     ------------
                                          $    6,440,525    $   8,700,782
                                             ===========      ===========
  
                                          Sept. 30, 1999    Dec. 31, 1998
                                           (unaudited)
  Liabilities and Stockholders' Equity     ------------     ------------
  Current liabilities:
    Current installment of obligations
       under capital leases               $        7,227   $       89,483
    Current portion of long-term debt:
      Vendors                                    100,000          200,000
      Others                                     340,918           91,997
    Accounts payable                              80,645           58,456
    Accrued salaries and benefits                573,266          579,320
    Accrued subcontractor expense                 24,153           24,950
    Other accrued expenses                        74,726          320,982
    Billings in excess of costs and
     estimated earnings on contracts             328,478          341,572
    Income taxes payable                             -            780,066
    Deferred taxes                                42,491           42,491
    Preferred stock dividends payable          1,035,975          795,992
                                            ------------     ------------
      Total current liabilities                2,607,879        3,325,309
                                            ------------     ------------
  Obligations under capital leases,
      excluding current installments                 -             38,090
  Long-term debt, less current portion:
      Vendors                                    642,239          542,239
      Others                                     837,234          409,778
  Hawaii Payable                                     -            576,483
                                            ------------     ------------
       Total Liabilities                       4,087,352        4,891,899
                                            ------------     ------------
  Stockholders' equity:
    Series A convertible preferred stock,
      $3.50 par value. Authorized 857,142.85
      shares; issued and outstanding 714,285.71
      shares at Sept. 30, 1999 and December 31,
      1998; liquidation of $3.50 per share
      plus unpaid and accumulated dividends    2,235,674        2,235,674
    Common stock, $.10 par value. Authorized
      4,000,000 shares; issued 792,881 shares
      at September 30, 1999 and 764,663 at
      December 31, 1998                           79,288           76,466
  Additional paid-in capital                   1,886,294        1,796,284
  Treasury stock, recorded at cost, 316 shares at
      Sept.30, 1999 and 0 at December 31, 1998    (3,245)             -
  Retained earnings (accumulated deficit)     (1,844,838)       (299,541)
                                            ------------     ------------
       Total stockholders' equity              2,353,173        3,808,883
                                            ------------     ------------
       Total Liabilities &
         Stockholders' Equity             $    6,440,525   $    8,700,782
                                             ===========      ===========
  
                                 Network Six, Inc.
                           Condensed Statements of Income
                                   (Unaudited)
                         [C]              [C]           [C]          [C]
                          Three months   Three months   Six months     Six months
                        ended 9/30/99   ended 9/30/98  ended 9/30/99 ended 9/30/98
                        -------------   -------------  ------------- -------------
  
  Contract revenue earned     2,575,192     2,662,603      7,813,958    8,137,916
  Cost of revenue earned      1,632,648     1,535,388      4,772,396    5,140,573
                           ------------   ------------   ------------   ----------
       Gross profit             942,544     1,127,215      3,041,562    2,997,344
  
  Selling, general &
   administrative expenses      655,048       617,290      2,011,408    1,737,581
  Litigation settlement             -              -       3,176,665            -
                           ------------   ------------   ------------ ------------
    Income from operations      287,496       509,925     (2,146,511)   1,259,763
  
  Other deductions (income)
       Interest expense          60,147        14,573        119,512       54,289
       Interest earned          (26,426)      (10,336)       (58,124)     (63,377)
                           ------------   ------------   ------------  -----------
  Income before
    income taxes                253,775       505,688     (2,207,899)   1,268,851
  
  Income taxes                  104,048       207,552       (902,584)     520,452
                           ------------   ------------   ------------  -----------
  Net income                    149,727       298,136     (1,305,315)     748,399
                          =============  =============  =============  ===========
  Net income per share:
  Basic                           0.09           0.28          (1.98)        0.66
                          =============  =============  ============= ============
  Diluted                         0.09           0.28          (1.98)        0.66
                          =============  =============  =============  ===========
  Shares used in computing net income per share:
  Basic                        788,573        763,880        785,476      756,519
                         =============  =============  =============  ============
  Diluted                      788,573        763,880        785,476      756,519
                         =============  =============  =============  ============
  Preferred dividends
    declared                    81,918         85,068        239,983      252,431
                         =============  =============  ============= =============