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It's always good to tear into a good steak with Tor Sivertsen, Conrad-Johnson's main marketing man.

Reader Gerald Neily wonders where the Achilles' Heel in your audio system is and how you plan to deal with it.

Few music lovers who grew up in the 1950s and '60s could have failed to be influenced by torch singer Peggy Lee, who died of heart failure at her Bel Air home on Monday, January 21. Lee was 81 and had been in ill health for several years.

As Robert J. Reina writes in his review of the <A HREF="http://www.stereophile.com//loudspeakerreviews/500/">JMlab Chorus 706 loudspeaker</A>, "The most exciting development in audio today isn't multichannel surround, single-ended triodes, or $10,000 phono cartridges. It's 'trickle down.'" Find out just what has trickled into the Chorus from the company's highly regarded Utopia line.

The past several months haven't been kind to the electronics industry. Most manufacturers are suffering from slow sales and backlogged inventory. But one company is painting a slightly different, if confusing, picture. Unless you've drastically slashed margins while quadrupling sales volume, the phrase "record quarterly sales but decreased profits" appears self-contradictory. Yet <A HREF="http://www.sony.com">Sony Corporation</A> is claiming exactly that for the last quarter of 2001, the company's third fiscal quarter. (Most electronics manufacturers begin new fiscal years April 1.) On Friday, January 25, Sony announced a 14.4% decline in overall profits for the final three months of 2001, due to sagging demand for consumer electronics products. The company reported that sales of electronics decreased 2.8% to &#165;1.55 trillion, with operating income for its electronics unit down a stunning 47% to &#165;71 billion. The same announcement claimed an all-time quarterly sales record for Sony Corporation as a whole.

The most exciting development in audio today isn't multichannel surround, single-ended triodes, or $10,000 phono cartridges. It's "trickle down." I get buzzed when an audio designer known for cutting-edge multikilobuck designs claims to have a product that can produce 80% of the sonic realism of his flagship design at 50% of the cost. I get even more excited when he does it again&mdash;that is, produces a product that produces 64% of his flagship's performance at 25% of the cost. Designers who have successfully trickled-down their flagship technologies abound in all quarters of audiophilia, from electronics (<I>eg</I>, Audio Research, Conrad-Johnson) to speakers (Al&#243;n, ProAc) to cables (MIT).

Hot Products! The latest Consumer Electronics Show featured everything from multichannel audio-only preamps to universal SACD/DVD-A/CD players. What's your favorite audio product right now?