SOFTNET SYSTEMS INC
8-K, 2000-10-06
TELEPHONE INTERCONNECT SYSTEMS
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                                  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): October 3, 2000

                          Commission file number 1-5270

                              SOFTNET SYSTEMS, INC.
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             (Exact name of registrant as specified in its charter)



               Delaware                                     11-1817252
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    (State or other jurisdiction of                      (I.R.S. Employer
    incorporation or organization)                    Identification Number)


                         650 Townsend Street, Suite 225
                         San Francisco, California 94103
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                    (Address of principal executive offices)


                                 (415) 365-2500
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              (Registrant's telephone number, including area code)

                                       N/A

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          (Former name or former address, if changed since last report)


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<PAGE>
Item 5.  Other Events

            On October 3, 2000 the Company announced a new strategic  direction.
A copy of the press release concerning such new strategic  direction is attached
hereto as Exhibit 99.1.



Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits

          (c)  Exhibits.  The following  document is filed as an exhibit to this
               report:


          1. Exhibit 99.1 - Press Release dated October 3, 2000.





<PAGE>



                  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.



                                   SoftNet Systems, Inc.
                                   --------------------------------------------
                                   (Registrant)

Date:  October 6, 2000       By:   /s/ Markus Rohrbasser
                                   --------------------------------------------
                                   Markus Rohrbasser
                                   Chief Financial Officer




<PAGE>


                              SoftNet Systems, Inc.
                                  Exhibit Index
                                   to Form 8-K


             Exhibit No.             Description

                    99.1             Press Release dated October 3, 2000.



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