payments from the USSR prior to supplying the 64,000 computers. The Soviets decided against this cash deal and instead agreed to acquire MSX computers from Yamaha (another later big deal was with Daewoo) with bartering mainly in steel and oil. Only a few thousand MSX computers were supplied to USSR schools and other educational institutions before the deal went dead. The main reason was the USSR thought that MSX was the new Microsoft Operating system. Since Memotech lost the deal to the USSR, and they had invested all their money in the project, money that was borrowed from the banks, plus the £1m funding from the UK government, Memotech went bankrupt. Some of the Memotech inventions still lived on, as several employees took some of Memotech's new video editing systems for televisions back to the USA. As a result of Memotech's bankruptcy, the UK government stopped funding to all computer manufacturers in the UK at that time, including Sinclair, Acorn and Apricot. Successors Robert Branton had left the company in 1985 as the financial situation deteriorated and when Memotech Limited folded, Geoff Boyd acquired the assets of the old company and re-launched the company as Memotech Computers Limited in February 1986. Boyd continued to market and support the MTX500, MTX512 and RS128 with the final MTX computer, the MTX512S2 being released late in 1986. Notes References External links Binary Dinosaurs: Memotech page Home computer hardware companies Electronics companies of the United Kingdom Computer companies of the United Kingdom Defunct computer companies of the United Kingdom