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Nationwide electronics retailer <A HREF="http://www.bestbuy.com/">Best Buy</A> has reported a record $59 million in profits for the second quarter of its fiscal year. Profits were up 34% from the previous year, according to a September 15 report in the <A HREF="http://www.wsj.com/"><I>Wall Street Journal</I></A>. The Eden Prairie, Minnesota-based chain is one of the largest outlets for consumer electronics, and is <A HREF="http://www.circuitcity.com/">Circuit City</A>'s only serious rival.

The audiophile in the plaid shirt and gray Dockers had his hand up. Moderator Jonathan Scull handed him the roving microphone, and the <I>Stereophile</I> writers on the podium at HI-FI '99's Sunday afternoon "Ask the Editors" session shifted in their chairs. "This one's for John Atkinson," came the windup. The other writers relaxed; I started to sweat. Then the pitch: "How come <I>Stereophile</I> issues are so small these days?"

Sony announced last week that they are lowering the price of their latest SACD player to $3500. Is this the right price to get your attention?

Back in 1985, J. Gordon Holt wrote: "It seems, these days, that many of us audiophiles have become so preoccupied with the minutiae of sound reproduction that we haven't even noticed that it doesn't sound like music any more." He was talking about the obsession with soundstaging and detail at the expense of <I>musical</I> accuracy. In "<A HREF="http://www.stereophile.com//asweseeit/144/">Getting the Notes Right (Midrange Madness)</A>," he renders his lesson in classic JGH style, observing that "I have played on this old saw in these pages for so many years that it has turned into a dead sawhorse, but somehow the message never seems to get through. There should be no harm done by beating it into the ground a little farther."

J. Gordon Holt founded <I>Stereophile</I> in the fall of 1962 in order to promote the idea that the optimal way to judge audio components was to do what end users did: <I>listen</I> to them. Since then, Gordon has had an unbroken relationship with <I>Stereophile</I>, through its sale to Larry Archibald in 1982, my coming on board as editor in 1986, the sale of the magazine to Petersen Publishing in 1998, and the subsequent sale of Petersen to Emap in 1999. Through all this time he has been listed on the magazine's masthead as "Founder & Chief Tester." (A <A HREF="http://www.stereophile.com//interviews/66/">fascinating interview</A> with Gordon, conducted by his associate and friend Steven Stone, can be found in this website's "Archives.")

More than a million CD recorders have been sold in the last 21 months, making the category one of the most rapidly developing segments in the history of the consumer electronics industry. The news was delivered by <A HREF="http://www.philips.com/">Philips</A&gt; executives at the end of August at the IFA trade and consumer exhibition in Berlin, Germany.