Thirty years ago, the upstart audio company NAD revolutionized the manufacturing of consumer-electronics components by "internationalizing" the process. Instead of physically making products, NAD hired a project team in one location to design a product that was then built at a sub-contracted factory located elsewhere. The arrangement allowed NAD to go into business with relatively little capital outlay and low overhead. Other companies have since copied this ingenious business model, and, as transportation and communication have improved, doing so has become easier and more efficient. It has brought prices down and quality up—mostly in the low and middle segments of the high-end audio and video markets.

Thirty years ago, the upstart audio company NAD revolutionized the manufacturing of consumer-electronics components by "internationalizing" the process. Instead of physically making products, NAD hired a project team in one location to design a product that was then built at a sub-contracted factory located elsewhere. The arrangement allowed NAD to go into business with relatively little capital outlay and low overhead. Other companies have since copied this ingenious business model, and, as transportation and communication have improved, doing so has become easier and more efficient. It has brought prices down and quality up—mostly in the low and middle segments of the high-end audio and video markets.

Thirty years ago, the upstart audio company NAD revolutionized the manufacturing of consumer-electronics components by "internationalizing" the process. Instead of physically making products, NAD hired a project team in one location to design a product that was then built at a sub-contracted factory located elsewhere. The arrangement allowed NAD to go into business with relatively little capital outlay and low overhead. Other companies have since copied this ingenious business model, and, as transportation and communication have improved, doing so has become easier and more efficient. It has brought prices down and quality up—mostly in the low and middle segments of the high-end audio and video markets.

Thirty years ago, the upstart audio company NAD revolutionized the manufacturing of consumer-electronics components by "internationalizing" the process. Instead of physically making products, NAD hired a project team in one location to design a product that was then built at a sub-contracted factory located elsewhere. The arrangement allowed NAD to go into business with relatively little capital outlay and low overhead. Other companies have since copied this ingenious business model, and, as transportation and communication have improved, doing so has become easier and more efficient. It has brought prices down and quality up—mostly in the low and middle segments of the high-end audio and video markets.

Thirty years ago, the upstart audio company NAD revolutionized the manufacturing of consumer-electronics components by "internationalizing" the process. Instead of physically making products, NAD hired a project team in one location to design a product that was then built at a sub-contracted factory located elsewhere. The arrangement allowed NAD to go into business with relatively little capital outlay and low overhead. Other companies have since copied this ingenious business model, and, as transportation and communication have improved, doing so has become easier and more efficient. It has brought prices down and quality up—mostly in the low and middle segments of the high-end audio and video markets.

Thirty years ago, the upstart audio company NAD revolutionized the manufacturing of consumer-electronics components by "internationalizing" the process. Instead of physically making products, NAD hired a project team in one location to design a product that was then built at a sub-contracted factory located elsewhere. The arrangement allowed NAD to go into business with relatively little capital outlay and low overhead. Other companies have since copied this ingenious business model, and, as transportation and communication have improved, doing so has become easier and more efficient. It has brought prices down and quality up—mostly in the low and middle segments of the high-end audio and video markets.

Consider the coelacanth. In 1938, a healthy specimen of this Paul Simon-sized fish was pulled from the Indian Ocean, not far from the mouth of South Africa's Chalumna River. But prior to that happy event (depending on your perspective, of course: the sight of the coelacanth's long, fleshy fins probably made for some very <I>un</I>happy creationists), the scientific community believed the animal in question was extinct, and had been for 65 million years.

Consider the coelacanth. In 1938, a healthy specimen of this Paul Simon-sized fish was pulled from the Indian Ocean, not far from the mouth of South Africa's Chalumna River. But prior to that happy event (depending on your perspective, of course: the sight of the coelacanth's long, fleshy fins probably made for some very <I>un</I>happy creationists), the scientific community believed the animal in question was extinct, and had been for 65 million years.

Consider the coelacanth. In 1938, a healthy specimen of this Paul Simon-sized fish was pulled from the Indian Ocean, not far from the mouth of South Africa's Chalumna River. But prior to that happy event (depending on your perspective, of course: the sight of the coelacanth's long, fleshy fins probably made for some very <I>un</I>happy creationists), the scientific community believed the animal in question was extinct, and had been for 65 million years.

The very last review I wrote for <I>Hi-Fi News & Record Review</I> (these days just plain <I>Hi-Fi News</I>)&mdash;before <A HREF="http://www.stereophile.com//asweseeit/352/">crossing the Atlantic</A> to take up the reins at <I>Stereophile</I> in May 1986&mdash;was of KEF's then-new flagship speaker, the Reference 107. That rave review appeared in the English magazine's July 1986 issue, and was followed by <A HREF="http://www.stereophile.com//loudspeakerreviews/550/">equally positive reports</A> from <I>Stereophile</I>'s writers.