HYPERFEED TECHNOLOGIES INC
8-K, 1999-09-22
SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
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   As filed with the Securities and Exchange Commission on September 22, 1999


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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):
                               September 13, 1999


                          HYPERFEED TECHNOLOGIES, INC.
             (Exact name of registrant as specified in its charter)


          DELAWARE                     001-11108                36-3131704
(State or other jurisdiction          (Commission             (I.R.S Employer
      of incorporation)              File Number)           Identification No.)


                        300 SOUTH WACKER DRIVE, SUITE 300
                             CHICAGO, ILLINOIS 60606
          (Address of principal executive offices, including zip code)

               Registrant's telephone number, including area code:
                                 (312) 913-2800


                                 PC QUOTE, INC.
         (Former name or former address, if changed since last report.)

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ITEM 5.  OTHER EVENTS

         On September 13, 1999, PCQuote.com, Inc., a subsidiary of HyperFeed
Technologies, Inc., made a public announcement that it has borrowed $2
million from Motorola, Inc. The loan, which matures on March 31, 2002, is
subject to early repayment in the event that PCQuote.com completes an initial
public offering of its common stock. Otherwise, payments on the loan are due
on a quarterly basis commencing June 30, 2002. In addition, PCQuote.com also
announced that it is in discussions with Motorola regarding a business
relationship under which PCQuote.com would provide market data and investor
information content to wireless applications and services developed by
Motorola. The discussions of the business relationship and any related
agreements between Motorola and PCQuote.com are in a preliminary stage and
there is no assurance that any business relationship will develop.

         On September 16, 1999, HyperFeed Technologies, Inc. (the "Company")
publicly announced that it has received approval for listing on the Nasdaq
National Market. On September 21, 1999, the Company announced that it will
commence trading on the Nasdaq National Market on Thursday, September 23,
1999 under the symbol HYPR. Concurrent with the listing on Nasdaq, trading in
the Company's common stock on the American Stock Exchange under the symbol
PQT will cease.

LIST OF EXHIBITS

         1.  Press Release, dated September 13, 1999.

         2.  Press Release, dated September 16, 1999.

         3.  Press Release, dated September 21, 1999.

<PAGE>

                                   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 hereunto duly authorized.

                                     HYPERFEED TECHNOLOGIES, INC.


Date:  September 22, 1999            By:  /s/ JOHN E. JUSKA
                                          ------------------------------
                                          John E. Juska,
                                          Chief Financial Officer


<PAGE>

EXHIBIT 1

PCQUOTE.COM, INC., HYPERFEED TECHNOLOGIES, INC.'S SUBSIDIARY RECEIVES LOAN FROM
MOTOROLA

CHICAGO, SEPT. 13 -- PCQuote.com, Inc, a subsidiary of HyperFeed
Technologies, Inc., announced today that it has borrowed $2 million from
Motorola, Inc. The loan, which matures on March 31, 2002, is subject to early
repayment in the event that PCQuote.com completes an initial public offering
of its common stock. Otherwise, payments on the loan are due on a quarterly
basis commencing June 30, 2000.

In addition, PCQuote.com also announced today that it is in discussions with
Motorola regarding a business relationship under which PCQuote.com would
provide market data and investor information content to wireless applications
and services developed by Motorola. The discussions of the business
relationship and any related agreements between Motorola and PCQuote.com are
in a preliminary stage and there is no assurance that any business
relationship will develop.

ABOUT PCQUOTE.COM, INC.
PCQuote.com, Inc. is an Internet-based provider of real-time and delayed
market quotes, timely business news and comprehensive tools for researching
and analyzing financial information.

HYPERFEED TECHNOLOGIES, INC.
HyperFeed Technologies is a leading provider of real-time financial market
data and news to professional and consumer markets worldwide. Incorporating
IP Multicast and proprietary advanced compression technologies, HyperFeed
2000, the company's proprietary datafeed, offers recipients the speed and the
capacity to handle rapidly growing volumes of market data. Professional and
individual investors use the firm's software applications to view, analyze
and manipulate market data. In addition, the firm also offers web-based
authoring and software development tools for easy integration of HyperFeed
2000 data into a variety of web-based and software applications.

ABOUT MOTOROLA, INC.
Motorola is a global leader in advanced electronic systems and services. It
liberates the power of technology by creating software-enhanced products that
provide integrated customer solutions and Internet access via wireless and
satellite communications, as well as computing, networking, and automotive
electronics. Motorola also provides essential digital building blocks in the
form of embedded semiconductors, controls and systems. Sales in 1998 were
$29.4 billion.


<PAGE>

EXHIBIT 2

HYPERFEED TECHNOLOGIES, INC. TO LIST ON NASDAQ; AMEX: PQT TO BECOME NASDAQ: HYPR
TENTATIVELY ON THURSDAY, SEPTEMBER 23

CHICAGO, SEPT. 16 -- HyperFeed Technologies, Inc. (Amex: PQT), formerly PC
Quote, Inc., announced today that it has received approval for listing on the
Nasdaq National Market. The company expects trading to commence on the Nasdaq
on Thursday, September 23, 1999 under the symbol HYPR. The company will issue
a press release once the definitive date is known. Concurrent with the
listing on Nasdaq, trading in HyperFeed common stock on the American Stock
Exchange under the symbol PQT will be suspended.

"We are truly excited about the move to the Nasdaq National Market," stated
Jim R. Porter, chairman and chief executive officer of HyperFeed. "The AMEX,
and its specialists, have served and supported the company well. They are a
world-class, professional organization and for that we will always be greatly
appreciative, however given our technological bent, our Board felt it was in
the best interest of the company and our shareholders to be included in the
tech laden Nasdaq."

Earlier this year, the company announced its name change and the transfer of
its Internet business to its subsidiary PC Quote.com, Inc. "With the
separation, HyperFeed's mission is to remain the technological leader in the
market datafeed area," commented Porter. "We are committed to delivering all
of the data, all of the time, in true real-time, as evidenced by our
unveiling of HyperFeed(R) 2000 last March," continued Porter.

ABOUT HYPERFEED TECHNOLOGIES, INC.
HyperFeed Technologies is a premier provider of real-time financial market
data to professional and consumer markets worldwide. The company's
proprietary datafeed, HyperFeed 2000, is known as the fastest, most complete
datafeed available and is the only datafeed able to consistently deliver full
options chains in true real-time. Incorporating IP Multicast technology and
proprietary advanced compression techniques, HyperFeed 2000 offers recipients
the speed and the capacity to handle rapidly growing volumes of market data.

Professional and individual investors use the firm's software applications to
view, analyze and manipulate HyperFeed 2000's robust market data. In
addition, the firm also offers web-based authoring and software development
tools for easy integration of HyperFeed 2000 data into a variety of web-based
and software applications.


<PAGE>

EXHIBIT 3


HYPERFEED TECHNOLOGIES, INC. TO LIST ON NASDAQ EFFECTIVE SEPTEMBER 23
AMEX: PQT TO BECOME NASDAQ: HYPR

CHICAGO, SEPT. 21 -- HYPERFEED TECHNOLOGIES, INC. (AMEX: PQT), formerly PC
Quote, Inc., announced today that it will commence trading on the Nasdaq
National Market on Thursday, September 23, 1999 under the symbol HYPR.
Concurrent with the listing on Nasdaq, trading in HyperFeed common stock on
the American Stock Exchange under the symbol PQT will cease.

"We are truly excited about the move to the Nasdaq National Market," stated
Jim R. Porter chairman and chief executive officer of HyperFeed. "The AMEX,
and its specialists, have served and supported the company well. They are a
world-class, professional organization and for that we will always be greatly
appreciative, however given our technological bent, our Board felt it was in
the best interest of the company and our shareholders to be included in the
tech laden Nasdaq."

Earlier this year, the company announced its name change and the transfer of
its Internet business to its subsidiary PC Quote.com, Inc. "With the
separation, HyperFeed's mission is to remain the technological leader in the
market datafeed arena," commented Porter. "We are committed to delivering all
of the data, all of the time, in true real-time, as evidenced by our
unveiling of HyperFeed (R) 2000 last March," continued Porter."

ABOUT HYPERFEED TECHNOLOGIES, INC.
HyperFeed Technologies is a premier provider of real-time financial market
data to professional and consumer markets worldwide. The company's
proprietary datafeed, HyperFeed 2000, is known as the fastest, most complete
datafeed available and is the only datafeed able to consistently deliver full
options chains in true real-time. Incorporating IP Multicast technology and
proprietary advanced compression techniques, HyperFeed 2000 offers recipients
the speed and the capacity to handle rapidly growing volumes of market data.

Professional and individual investors use the firm's software applications to
view, analyze and manipulate HyperFeed 2000's robust market data. In
addition, the firm also offers web-based authoring and software development
tools for easy integration of HyperFeed 2000 data into a variety of web-based
and software applications.



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