Akai Electric Company Ltd., a subsidiary of Semi-Tech Global Company Limited, announces a television Internet device.MARKHAM, Ontario--(BUSINESS WIRE)--May 20, 1996--Semi-Tech Corporation ("Semi-Tech") announced today that Akai Electric Company Ltd. ("Akai") has issued the following press release introducing a Television Internet Television Internet is an American broadcaster of television programming online based in Santa Monica, California. It was the internet’s first company to deliver original network quality filmed episodic programming online. Device. Akai is a subsidiary of Semi-Tech (Global) Company Limited, an approximately 40% owned affiliate of Semi-Tech. Semi-Tech Corporation is a Canadian-based multinational company engaged in the global marketing and distribution of consumer products for the home, principally through its subsidiaries and affiliates. Companies within the Semi-Tech group have revenues in excess of $4.0 billion. Semi-Tech's shares are listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (Class A: SEM.A, Class B: SEM.B). Class A shares are also listed on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg under the symbol SEM.A and in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. on the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol SEMC SEMC Sony Ericsson Mobile Communications SEMC Sony Ericsson Mobile Communications, AB SEMC Structural Engineering Mechanics and Computation SEMC State Emergency Management Committee (Australia) SEMC Search Engine Marketing Council .F. Shares of Semi-Tech (Global) Company Limited are listed on The Hong Kong Stock Exchange The Hong Kong Stock Exchange (Traditional Chinese: 香港交易所, also 港交所; abbreviated as HKEX; HKSE: 0388 ) is the stock exchange of Hong Kong. under the symbol 448. The ordinary shares of Semi-Tech (Global) are also traded on the over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. in the United States through a sponsored ADR Sponsored ADR An ADR which is issued in co-operation with the underlying foreign company whose equity shares will underly the ADR shares. With the corporation's sponsorship, the ADRs created in the issue usually afford their owners the same rights normally given to stockholders, program under the symbol SITGY. Akai Electric Company Ltd. shares are listed in the First Sections of Tokyo, Osaka and Nagoya Exchanges under the Code number 6802. -0- AKAI -- Professional Quality/ Consumer Products What's New! - Akai introduces first television Internet connection for worldwide consumer market; consumer electronics giant unveils NC(tm) for entertainment, shopping news and e-mail When - San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , May 20, 1996 - Akai Electric Co. Ltd., one of the world's leading consumer electronics companies, today announced it will begin shipping a television Internet device that connects consumers to entertainment and home shopping Home Shopping commonly refers to the electronic retailing / home shopping channels industry, which includes such billion dollar companies as HSN, QVC, eBay, ShopNBC, Buy.com, and Amazon.com. , and facilitates global communications and access to information worldwide. What - The Akai Internet Connection is the first Network Computer(TM) developed for the home consumer market. It is planned to be available in the fourth quarter and cost less than $300. How - The Akai Internet Connection plugs into a television much like a videocassette recorder and uses a remote control or infrared keyboard to run the Oracle PowerBrowser(TM) on the television screen. The Akai Internet Connection embraces common Internet standards developed by Oracle Corporation. Who - "The Akai Internet Connection is designed for generations around the world who have grown up on video and computer games, VCRs, and cable television," said James H. Ting, chairman and chief executive officer of Akai. "Akai's Internet Connection is the first opportunity for this very large market to enjoy a new level of interactivity beyond traditional video games. It will plug them into a new interactive world of entertainment, shopping, news and e-mail right through their TV." Why - Akai's Internet Connection is significantly different from other high-tech mediums because it will be more interactive than cable TV, more intelligent than video games, and it will be easier to use than a computer, Ting said. "Most importantly, the Akai Internet Connection is from a world leader in the design, manufacture and distribution of professional-quality consumer electronics products," he added. Entertainment - Ting noted that the Akai Internet Connection will give consumers a wide variety of new choices through their television. These include new types of entertainment, such as playing more interactive video games or listening to the latest release from a recording artist in the comfort of the living room. Shopping News - The Akai Internet Connection will also give consumers the opportunity to buy concert or movie tickets on-line, or write notes to friends or family living or traveling anywhere in the world -- all from their television set. The product will also allow consumers to plan and book a vacation on-line or surf the World Wide Web to retrieve real-time news ranging from sporting events to the latest gossip about Hollywood. Interactivity - "We anticipate the Akai Internet Connection being part of the home entertainment center," Ting said. "People will surf, watch, read, listen and tune into Web sites from around the world. The result is that the Akai Internet Connection will change the way the world thinks about television-much like Cable News Network changed the way network broadcasters report the news." Akai Internet Connection - The Akai Internet Connection is designed for easy installation and use, so home users will have a reliable, inexpensive way to access the proliferating content and services on the Internet-without the need for a personal computer or technical mastery of high-tech products. Initially, the Akai Internet Connection will ship with a 28.8 modem, but Akai said it expects to incorporate broader bandwidth technologies, such as ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. or cable modems, as they emerge. The Akai Internet Connection will have 4 to 6 megabytes of RAM and ship with an ARM microprocessor for enhanced video and sound. The Akai Internet Connection will provide consumers with automatic updates for the Internet's latest developments to protect consumers from instant obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. as the Internet continues to rapidly evolve. The Akai Internet Connection will also automatically connect consumers to a designated local Internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. when they turn on the product. About Akai-Headquartered in Tokyo, Akai and its affiliates distribute consumer electronics products in nearly every country around the world. The company is recognized as the world leader in digital sampling and stand-alone hard disk recording instruments for Professional musicians. Akai's research and development operations are located in Japan, and its manufacturing facilities are in Japan and other Asian countries. Akai is listed on the First Section of the Tokyo, Osaka and Nagoya stock exchanges Nagoya Stock Exchange Established after World War II, one of the three major securities markets in Japan. . Akai is a member of the Semi-Tech Group, a major worldwide manufacturer and distributor of electronics products and other products for the home. Group companies are listed on most of the world's major stock exchanges. Oracle, NC and Network Computer are registered trademarks of Oracle Corporation. For more information about Akai and the Akai Internet Connection, contact: http://www.akai.com/news/prO52096.htm EDITORS NOTE: There is a double slash following "http:" in the World Wide Web address above. There are also "at" symbols between "pwatson" and "wyoming.com," and between "gberardi" and "gcigroup.com". These symbols may not appear properly in some systems. CONTACT: Akai Philip A. Watson, 307/739-2285 pwatson@wyoming.com or GCI GCI Ground Circuit Interrupter GCI Getty Conservation Institute GCI Global Commerce Initiative GCI Green Cross International (non-profit international environmental organization) GCI Growth Competitiveness Index GCI Great Cities Institute San Francisco Greg Berardi, 415/974-6200 gberardi@gcigroup.com or Semi-Tech Corporation Mr. Michael List, 905/475-2670 Ext. 227 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion