<<<< Japan High-Tech Update>>>>
A monthly review of the cutting edge of Japanese high-tech
Volume I, Issue XI

Triangle Technologies is a technology-oriented investment bank which creates strategic alliances between Japanese and Israeli companies.


 

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  Table of Contents:

Exchange Rate as of 10/01/00
$1 US = 105.12 Yen
1 NIS= 25.41 Yen

   
  Economics & Government


SUMITOMO, ITOCHU plans funds for internet start-ups
Sumitomo Corp. and Itochu Corp. each plan to create a VC fund. The funds will target start-ups that provide e-commerce services and Internet hardware/software developers. Sumitomo is planning a $100 million fund and Itochu is planning a $50 million fund.
 
 
  General Technology News


MARUBENI to sell Israeli data transmission system
Marubeni has obtained exclusive sales rights for Israeli made telecommunications system that can transmit large amounts of image data via the Internet. The system developed by the Israeli RT Image can transmit more than 100 mgbs. in a few seconds using ordinary telephone circuits
   
Japanese women turn to mobile communications
According to a survey conducted by the Foundation for Multimedia Communication, more Japanese women are using mobile communications. Of the 1,900 consumers surveyed, 47% use some sort of mobile communications of some sort for personal e-mails, and almost 1/3 of mobile e-mail users are women, a 13% increase from last year.
   
DDI, KDD, AND IDO close to merger
DDI, KDD, and IDO are in negotiations to merge by October 2000. The new company DDI Inc. will have annual revenues exceeding $19.7 billion dollars and cover international telecommunications, domestic long distance, and mobile communications.
 
SONY to initiate internet bank
Sony plans to establish an Internet bank in 2001. The bank will target individual consumers and will invest received funds initially in government bonds and corporate debts with high-credit ratings.
   
   
  New Technologies


NEC developes new high-speed digital image search
NEC has developed a high-speed technology for searching digital images. NEC claims that its system can find an image from 24 hours worth of compressed video data in one second. The system is now being promoted by NEC as the basis for the MPEG-7 standard
   
   
  Life Sciences


Researches develop powerful DNA chip
Researchers at Kyushu University and the University of Tsukaba have developed a new type of DNA chip that offers 1,000x the performance of current chips. The new chip checks the genome of patients to determine their genetic makeup.
   
OSAKA University to set up gene therapy venture
Researchers at Osaka together with pharmaceutical firms and VC funds, plan to set up a gene therapy company. The new company, the first of its kind in Japan, will develop capsules that will be &inserted into human bodies. These capsules will hold a gene developed by Osaka University to treat various diseases.