The story's been often told: 30 years ago, British speaker manufacturer KEF was asked to design a small, spherical loudspeaker that could be used in a European project to research room acoustics. The speaker had to have wide, even dispersion, so KEF's solution was to mount the tweeter coaxially, on what would have been the woofer's dustcap. That "point source" drive-unit, called the Uni-Q, began appearing in KEF's commercial speaker models in 1989, starting with the Reference 105/3—but it wasn't until the appearance of KEF's 50th-anniversary loudspeaker, the LS50, which I reviewed in December 2012, that I felt that the Uni-Q drive-unit had fully fulfilled its promise, at least in a speaker I had auditioned in my own room.

To some, the measure of a company has less to do with the amount of money it makes than with the honesty of the things it sells: the assurance that every product in its line is designed not as a marketing exercise but as a straightforward and presumably unique answer to a real consumer need.

Editor's Note: In Stereophile's second decade of publication, things were starting to unravel, with long gaps between each issue. There were just seven issues published between January 1974 and January 1978. The late Harry Pearson has gone on record that he founded The Absolute Sound in 1973 part because he was tired of waiting for the next issue of Stereophile to reach his mailbox. In this "As We See It" essay from the "Surface Noise" issue in August 1976, founder J. Gordon Holt owns up to it appearing 8 months late!

So, audiophiles, riddle me this: What does a DAC actually look like? I don't mean the box it hides in—I mean the little doodad that does the actual converting from digital to analog. Is it bigger than a phono cartridge? Is it made of rain-forest wood, gemstone, or porcelain? Do people show it to their friends, who gawk in awe and envy? Does it have an exotic, geisha-sounding name like Jasmine Tiger, Koetsu Onyx, or Miyajima Takumi? When it breaks, does a watchmaker type rebuild it for a not-insubstantial fee? Do people hoard them in vaults, like NOS tubes? Can you trade a DAC for a rose-gold Rolex Oyster Bubbleback ca 1945?