View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 27, 1997updated 05 Sep 2016 12:34pm


By CBR Staff Writer

The Japanese major is not trying to fool anybody, but on April 1, NEC Corp says, it will form a new venture called Telemidic Ltd, which will focus on sales and development of networking technology for musicians, based on the MIDI Musical Instrument Digital Interface communications protocol. Up to now, most of NEC’s multimedia involvement has been with graphics and three dimensional chips. The venture will be even more undercapitalized than are most Japanese companies, with just $80,000 of equity. It will be 70% owned by NEC and is aiming at the fairly modest target of $500,000 sales in the first year, rising to $1.7m by the third year. The first offering from the new company will be TeleMidi, which enables musicians to establish realtime networks via telephone lines between various remote locations, such as their homes and a studio. The Telemidic venture will also develop and market products for TeleMidi networks, including electronic musical instruments. There was no word on who gets the other 30% – principals of the new firm, presumably.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.