News

Distressed Carver Corporation announced August 31 that founder Bob Carver has signed a letter of intent to return as chairman and CEO of the company he founded 20 years ago. The letter also spells out conditions for a possible merger of Carver and Sunfire Corporation as early as 18 months from now. Sunfire, manufacturer of the highly regarded Sunfire power amplifiers, is Bob Carver's privately held company.

Several weeks ago, we reported on the revival of McCormack Audio by Bill Conrad and Lew Johnson, who purchased the company's assets at an auction in Southern California. This past week, McCormack Audio has announced that one of the original co-founders, Steve McCormack, has rejoined the company as Director of Research and Development. McCormack had worked at the company from its inception in 1982 until 1996.

In anticipation of the upcoming 1.0 DVD-Audio specification (see previous article), Sonic Solutions and Warner Music Group wasted no time in announcing their intent to collaborate in creating new multichannel high-density recordings to showcase the new format. Warner was one of the first major labels to deliver music via CD, and Warner's video division has never been shy in their support of Open-DVD for video. So it comes as no surprise that they're one of the first major music houses out of the gate for the audio version of DVD.

Some optimists in Washington, on Wall Street, and elsewhere predicted that the Asian economic crisis wouldn't reach the United States. But in late August, the financial flu infecting that part of the world, and the ongoing monetary instability in Russia, finally affected North America. As of Friday, August 28th, the Dow Jones Industrial Average was hovering just above 8000, down from a record high of 9337.97 on July 17th. The market decline has affected the whole economy---traditional industries as well as hot-ticket ventures like Internet stocks.

The latest music-piracy statistics have just been released by the RIAA, bringing to light several new wrinkles in the ongoing struggle to protect the owners of music copyrights from those who illegally copy and sell protected works. Released August 21, the report details the new problems brought about by CD-R technology and MP3 files distributed via the web.

In June, while the Recording Industry Association of America was collecting fat settlements from unauthorized CD compilers, its Canadian counterpart was busy shutting down Purple Dot, a custom-disc operation in Calgary, Alberta. The Canadian Recording Industry Association e-mailed a cease-and-desist order to 18-year-old Robert Clark, owner and operator of Purple Dot, which had been advertising on the Internet in the Yahoo! directory.

As with past HI-FI Shows, we asked visitors to HI-FI '98 to vote for the room that offered what they thought to be the best sound. The ballot in the Show Guide asked visitors to list the best, second-best, third-best, and worst sounds, for which I allocated 3 points, 2 points, 1 point, and -1 point, respectively. Any exhibitor that received more than 0.7% of the total votes cast is listed in the Table. I've tried to include both the exhibitors and the brands demonstrated, as listed in the Show Guide and in our report text in the September issue of the paper Stereophile. My apologies if I've left anyone out.