UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.  20549

                                Form 10-QSB

(Mark One)
     [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934

     For the quarter ended June 30, 2002

     [ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934

     For the transition period from ________ to __________

          Commission File Number: 000-30874

                             SAIPH CORPORATION
            (Exact name of Registrant as specified in charter)

NEVADA                                  33-0916900
State or other jurisdiction of          I.R.S. Employer I.D. No.
incorporation or organization

170 NEWPORT CENTER DRIVE, SUITE 220, NEWPORT BEACH, CA	  92660
(Address of principal executive offices)                  (Zip Code)

Issuer's telephone number, including area code:  (949) 644-0095

Check whether the Issuer (1) has filed all reports required to be filed by
section 13 or 15(d) of the Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports),
and (2) has been subject to such fling requirements for the past 90 days.
(1) Yes [X] No [ ]   (2) Yes [X] No [ ]

State the number of shares outstanding of each of the Issuer's classes of
common equity as of the latest practicable date:  At August 8, 2002, there
were 1,000,000 shares of the Registrant's Common Stock outstanding.

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Page 2

                                  PART I

                       ITEM 1.  FINANCIAL STATEMENTS

     The condensed financial statements included herein have been prepared
by the Company, without audit, pursuant to the rules and regulations of the
Securities and Exchange Commission.  Certain information and footnote
disclosures normally included in financial statements prepared in
accordance with generally accepted accounting principles have been
condensed or omitted pursuant to such rules and regulations, although the
Company believes that the disclosures are adequate to make the information
presented not misleading.

     In the opinion of the Company, all adjustments, consisting of only
normal recurring adjustments, necessary to present fairly the financial
position of the Company as of June 30, 2002, and the results of its
operations and changes in its financial position from March 1, 2000,
through June 30, 2002, have been made.  The results of its operations for
such interim period are not necessarily indicative of the results to be
expected for the entire year.  These condensed financial statements should
be read in conjunction with the financial statements and notes thereto
included in the Company's annual report on Form 10-KSB for the year ended
December 31, 2001.

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Page 3

                              Saiph Corporation
                        (A Development Stage Company)
                                Balance Sheet
<TABLE>
<CAPTION>
                                                     June 30,     December 31,
                                                       2002           2001
                                                   ------------   ------------
                                                   (Unaudited)
<S>                                                <C>            <C>
                                    Assets
Current Assets

  Cash                                             $       -      $     1,372
  Interest Receivable                                       81             19
  Note Receivable - Related Party                        1,250          1,250
                                                    ----------     ----------
     Total Assets                                  $     1,331    $     2,641
                                                    ==========     ==========

                     Liabilities and Stockholders' Equity

Current Liabilities

  Accounts Payable                                 $     4,210    $       250
  Interest Payable                                       2,961          2,068
  Note Payable - Related Party                          17,500         17,500
                                                    ----------     ----------
     Total Current Liabilities                          24,671         19,818

Stockholders' Equity

  Common Stock, 100,000,000 Shares
    Authorized at $.001 Par Value;
    1,000,000 Shares Issued and Outstanding              1,000          1,000
  Additional Paid In Capital                             9,000          9,000
  Deficit Accumulated in the Development Stage         (33,340)       (27,177)
                                                    ----------     ----------
     Total Stockholders' Equity                         23,340        (17,177)
                                                    ----------     ----------
     Total Liabilities and Stockholders' Equity    $     1,331    $     2,641
                                                    ==========     ==========
</TABLE>
              See accompanying notes to financial statements.

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                                         Saiph Corporation
                                   (A Development Stage Company)
                                      Statement of Operations
                                            (Unaudited)
<TABLE>
<CAPTION>
                                                                                     For the Period
                                                                                        March 1,
                                                                                        2000 to
                             For the Three Months Ended   For the Six Months Ended    (Inception)
                                 June         June           June         June           June
                               30, 2002     30, 2001       30, 2002     30, 2001       30, 2002
                              -----------  -----------    -----------  -----------    -----------
<S>                           <C>          <C>            <C>          <C>            <C>
Revenue                       $       -    $       -      $       -    $       -      $       -
                               ----------   ----------     ----------   ----------     ----------
Expenses

  General & Administrative          2,720        3,266          5,332        5,556         30,460
                               ----------   ----------     ----------   ----------     ----------
     Total Expenses                 2,720        3,266          5,332        5,556         30,460
                               ----------   ----------     ----------   ----------     ----------
     Income (Loss)
     from Operations               (2,720)      (3,266)        (5,332)      (5,556)       (30,460)

Other Income (Expenses)

  Interest Income                      31          -               62          -               81
  Interest Expense                   (455)        (293)          (893)        (518)        (2,961)
                               ----------   ----------     ----------   ----------     ----------
     Total Other Income
     (Expenses)                      (424)        (293)          (831)        (518)        (2,880)
                               ----------   ----------     ----------   ----------     ----------
     Income (Loss) Before
     Taxes                         (3,144)      (3,559)         6,163)      (6,074)       (33,340)

     Taxes                            -            -              -            -              -
                               ----------   ----------     ----------   ----------     ----------
     Net Income (Loss)        $    (3,144) $    (3,559)   $    (6,163) $    (6,074)   $   (33,340)
                               ==========   ==========     ==========   ==========     ==========

     Loss Per
     Common Share             $       -    $       -      $       -    $       -

     Weighted Average
     Outstanding Shares         1,000,000    1,000,000      1,000,000    1,000,000
</TABLE>
                        See accompanying notes to financial statements.

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                                  Saiph Corporation
                            (A Development Stage Company)
                               Statement of Cash Flows
                                     (Unaudited)
<TABLE>
<CAPTION>
                                                                        For the Period
                                                                        March 1, 2000
                                            For the Six Months Ended     (Inception)
                                            June 30,       June 30,      to June 30,
                                              2002           2001           2002
                                          ------------   ------------   ------------
<S>                                       <C>            <C>            <C>
Cash Flows from Operating Activities

  Net Income (Loss)                       $    (6,163)   $    (6,074)   $   (33,340)
  Adjustments to Reconcile Net Loss to
  Net Cash;
   (Increase) Decrease in:
     Interest Receivable                          (62)           -              (81)
   Increase (Decrease) in:
     Accounts Payable/Interest Payable          4,853          1,483          7,171
     Expenses Paid by Stock Issuance              -              -            2,500
                                           ----------     ----------     ----------
     Net Cash Provided (Used) by
     Operating Activities                      (1,372)        (4,591)       (23,750)

Cash Flows From Investing Activities

     Proceeds from Related Party Note             -              -           (1,250)
                                           ----------     ----------     ----------
     Net Cash Provided (Used) by
     Investing Activities                         -              -           (1,250)

Cash Flows from Financing Activities

  Issuance of Common Stock for Cash               -            3,500         17,500
  Issuance of Note Payable for Cash               -              -            7,500
                                           ----------     ----------     ----------
     Net Cash Provided (Used) by
     Financing Activities                         -            3,500         25,000
                                           ----------     ----------     ----------
     Increase (Decrease) in Cash               (1,372)       (1,091)            -

     Cash, Beginning of Period                  1,372          1,278            -
                                           ----------     ----------     ----------
     Cash, End of Period                  $       -      $       187    $       -
                                           ==========     ==========     ==========

Supplemental Cash Flow Information

  Interest                                $       -      $       -      $       -
  Income Taxes                                    -              -              -
</TABLE>
                 See accompanying notes to financial statements.

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                             Saiph Corporation
                       (A Development Stage Company)
                     Notes to the Financial Statements
                               June 30, 2002

NOTE 1 - CORPORATE HISTORY

     Saiph Corporation (the "Company") was incorporated in Nevada on March 1,
     2000, as Saiph Corporation for the purpose of seeking and
     consummating a merger or acquisition with a business entity organized
     as a private corporation, partnership, or sole proprietorship.

     The Company has yet to fully develop any material income from its
     stated primary objective and it is classified as a development stage
     company.  All income, expenses, cash flows and stock transactions are
     reported since the beginning of development stage.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

     Cash and Cash Equivalents - The Company considers all highly liquid
     investments with maturities of three months or less to be cash
     equivalents.

     Earnings (Loss) Per Share - The computation of earnings per share of
     common stock is based on the weighted average number of shares
     outstanding at the date of the financial statements.

     Use of Estimates - The preparation of financial statements in
     conformity with generally accepted accounting principles requires
     management to make estimates and assumptions that affect reported
     amounts of assets and liabilities, disclosure of contingent assets and
     liabilities at the date of the financial statements and revenues and
     expenses during the reporting period.  In these financial statements,
     assets, liabilities and earnings involve extensive reliance on
     management's estimates.  Actual results could differ from those
     estimates.

NOTE 3 - INCOME TAXES

     The Company adopted Statement of Financial Accounting Standards No.
     109 "Accounting for Income Taxes" in the fiscal year ended December
     31, 2000 and has applied the provisions of the statement to the
     current year which resulted in no significant adjustment.

     Statement of Financial Accounting Standards No. 109 "Accounting for
     Income Taxes" requires an asset and liability approach for financial
     accounting and reporting for income tax purposes.  This statement
     recognizes (a) the amount of taxes payable or refundable for the
     current year and (b) deferred tax liabilities and assets for future
     tax consequences of events that have been recognized in the financial
     statements or tax returns.

     Deferred income taxes result from temporary differences in the
     recognition of accounting transactions for tax and financial reporting
     purposes.  There were no temporary differences at June 30, 2002 and
     earlier years; accordingly, no deferred tax liabilities have been
     recognized for all years.

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                             Saiph Corporation
                       (A Development Stage Company)
                     Notes to the Financial Statements
                               June 30, 2002

NOTE 3 - INCOME TAXES - continued

     The Company has cumulative net operating loss carryforwards over
     $33,000 at June 30, 2002.  No effect has been shown in the financial
     statements for the net operating loss carryforwards as the likelihood
     of future tax benefit from such net operating loss carryforwards is
     not presently determinable.  Accordingly, the potential tax benefits
     of the net operating loss carryforwards, estimated based upon current
     tax rates at June 30, 2002 have been offset by valuation reserves in
     the same amount.  The net operating losses begin to expire in 2019.

NOTE 4 - NOTE RECEIVABLE - RELATED PARTY

     During the year, the Company loaned $750 and $500 to separate
     corporations whose president is a shareholder of the Company.  The
     receivables are unsecured and are bearing interest at the rate of 10%
     per annum.  The note receivables are due on demand.  At June 30, 2002,
     the total accrued interest receivable amounts total $50 and $31
     respectively.

NOTE 5 - NOTE PAYABLE - RELATED PARTY

     The Company issued a promissory note in the amount of $9,000 to
     Mezzanine Capital Ltd. on March 27, 2000.  The unsecured note carries
     an interest rate of 10% per annum to begin accruing on the date of the
     note.  As of June 30, 2002 the accrued interest balance is $2,025.

     During the year, the board of directors approved to issue two
     promissory notes in the amount of $3,500 and $5,000.  The unsecured
     notes bear interest at the rate of 12% and are due on demand.
     At June 30, 2002 accrued interest on the notes totaled $475 and
     $461 respectively.

NOTE 6 - GOING CONCERN

     The Company's financial statements are prepared using generally
     accepted accounting principles applicable to a going concern which
     contemplates the realization of assets and liquidation of liabilities
     in the normal course of business.  Currently, the Company does not
     have significant cash or other material assets, nor does it have an
     established source of revenues sufficient to cover its operating costs
     and to allow it to continue as a going concern.

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             ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR
                             PLAN OF OPERATION

     The Company is a development stage company.  Since its inception, the
Company has had no operations.  The Company was organized for the purpose
of engaging in any lawful activity permitted under Nevada state law;
however, the Company does not have any significant cash or other material
assets, nor does it have an established source of revenues sufficient to
cover operating costs and to allow it to continue as a going concern.  The
Company intends to take advantage of any reasonable business proposal
presented which management believes will provide the Company and its
stockholders with a viable business opportunity.  The board of directors
will make the final approval in determining whether to complete any
acquisition, but will submit the proposal to the shareholders for final
approval.

     The original shareholders contributed a total of $7,500 in cash and
$2,500 in services as capital contributions for stock of the Company.
Mezzanine Capital Ltd., an entity of which Eric C. Bronk, the sole director
and an executive officer of the Company, is an executive officer and
director, loaned $9,000 to the Company at its inception for operating
expenses.

     The investigation of specific business opportunities and the
negotiation, drafting, and execution of relevant agreements, disclosure
documents, and other instruments will require substantial management time
and attention and will require the Company to incur costs for payment of
accountants, attorneys, and others.  If a decision is made not to
participate in or complete the acquisition of a specific business
opportunity, the costs incurred in a related investigation will not be
recoverable.  Further, even if an agreement is reached for the
participation in a specific business opportunity by way of investment or
otherwise, the failure to consummate the particular transaction may result
in a the loss to the Company of all related costs incurred.

     Currently, management is not able to determine the time or resources
that will be necessary to locate and acquire or merge with a business
prospect.  There is no assurance that the Company will be able to acquire
an interest in any such prospects, products, or opportunities that may
exist or that any activity of the Company, regardless of the completion of
any transaction, will be profitable.  If and when the Company locates a
business opportunity, management of the Company will give consideration to
the dollar amount of that entity's profitable operations and the adequacy
of its working capital in determining the terms and conditions under which
the Company would consummate such an acquisition.  Potential business
opportunities, no matter which form they may take, will most likely result
in substantial dilution for the Company's shareholders due to the likely
issuance of stock to acquire such an opportunity.

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                                  PART II

                 ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)  Exhibits.

          99.1 Written Statement of the Chief Executive Officer and
Chief Financial Officer with respect to compliance with Section 13(a)
of the Securities Exchange Act of 1934.

     (b)  Reports on Form 8-K:  No reports on Form 8-K were filed during
the second quarter of the fiscal year ending December 31, 2002.


                                SIGNATURES

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

                                   Saiph Corporation

Date: August 13, 2002              By: /s/ Eric Chess Bronk
                                   Eric Chess Bronk, President and
                                   Principal Financial and Accounting
                                   Officer