News

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.

The Paradigm Group announced today that they have entered into an agreement to purchase the assets of Sonic Frontiers Inc., of Oakville, Ontario, as the first step in a comprehensive restructuring plan that will lead to an expansion of Sonic Frontiers.

This last year has seen several companies proclaim the launch of the "world's first digital loudspeaker." The term brings to mind some exotic new approach that is neither cone nor ribbon nor electrostat---something as different from all of those as, say, a CD is from a vinyl record or cassette tape.

News recently coming out of Cambridge, England promises yet another new revolutionary loudspeaker technology following in the footsteps of NXT's flat-panel speakers and ATC's HyperSonic Sound and Stratified Field Technology. Engineering consultant Tony Hooley heads up a team of researchers who have created what they hope will be a breakthrough in small, lightweight, highly accurate-sounding arrays of digitally driven pressure transducers.