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Resetting Midi Controller

Is there any way I could reset my E-MU XBoard 49 Key? I bought it hardly used from Guitar Center, and when I play a note on the controller it is just slightly delayed when it comes through my speakers. I am pretty sure I set it up right, and installed everything correct. Could I reset it? Is it possible? Maybe that would fix the very slight delay. Anything adivce would be of help.