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With few exceptions, 2003 has been a slow year for specialty A/V retailers. In late November, both Ultimate Electronics and Tweeter Group reported disappointing figures for their third and fourth fiscal quarters, respectively. New York's Harvey Electronics, however, posted respectable gains given the stagnant economy.

It's bad enough that the consumer electronics giants and small fry compete with each other. Increasingly, they are finding they must defend themselves against an onslaught from the personal computer industry which is eating away at the market share of traditional CE vendors.

Is bigger better? Michael Fremer sets out to determine just that as he reviews the Pass">http://www.stereophile.com/amplificationreviews/1103pass">Pass Labs XA160 monoblock power amplifier. As Fremer explains, "While the industry-feminizing tiny triode set has made a great deal of noise in the past few years (I can hear them hissing now), soft-walking, big-stick-carrying, mega-power amplifiers still circle the globe."

Consumer electronics stores have long carried computer gear, everything from laptops and desktop systems to software and accessories. Computer stores, led by Gateway Country stores, have slowly been moving in the other direction. Now it looks as if convergence in the retail realm is about to take another great leap forward.

The music goes round and round: An investment group led by former Universal Music chief Edgar Bronfman, Jr. is in the lead to acquire Warner Music Group (WMG) and Warner/Chappell Music Publishing from corporate parent Time Warner, according to reports issued the third week of November. Bronfman's group—a consortium of banks and venture capital firms—has offered $2.8 billion for Time Warner's musical properties, possibly forcing prior suitor EMI Group PLC to drop out of the bidding. On Thursday, November 20, EMI chairman Eric Nicoll told reporters that Time Warner had informed his company of "a possible proposal from another party as an alternative to our own firm offer."

Grabbing a few big gulps can sometimes fill you up quickly, but it can also lead to a little indigestion. This proved to be the case for D&M">http://www.dm-holdings.com">D&M Holdings, which filed results for the first half of its fiscal year, ending September 30, 2003, and its financial forecast for the fiscal year ending March 31, 2004 with the Tokyo Stock Exchange.

One of the keys to SACD's potential acceptance within the mass market is the hybrid disc format, ensuring that all of those Stones, Dylan, or Pink Floyd discs can be purchased by consumers with regular CD players. Although the DVD-Audio camp has played">http://www.stereophile.com/news/11515/index.html">played with the idea of hybrid discs for its format, nothing has made it past the testing stages yet.