New Rio Player to Debut; Diamond Multimedia Acquired by S3, Inc.
The high-end audio industry may be in a slump, but the public's appetite for recorded music appears as voracious as ever. MP3, the hottest upstart in the digital audio market, got a big boost in late June when <A HREF="http://www.diamondmm.com/">Diamond Multimedia Systems Inc.</A> announced the next generation of its popular Rio digital music player, the Rio PMP 500, due to arrive in stores this fall.