The Home Entertainment 2001 show, held in New York City May 11–13, 2001, received high marks and a standing ovation from show attendees, who came to experience some of the most innovative and exciting consumer electronics products in decades.

It's been a roller coaster ride for satellite radio upstarts <A HREF="http://www.siriusradio.com">Sirius Radio</A> and <A HREF="http://www.xmradio.com">XM Radio</A> this past week as both companies fortunes shifted yet again. In a classic billion-dollar consumer electronics gamble, Sirius and XM are betting that they can reach critical mass by selling enough specially equiped digital radio receivers through car manufacturers while simultaneously signing up enough subscribers to reach profitability.

Many small classical record labels are facing an uncertain future in the wake of a decision by <A HREF="http://www.towerrecords.com">Tower Records</A> to put three classical distributors on buying hold. News of the decision, and discussions about its ramifications, have circulated on the Internet after an internal memo was leaked on May 1. The memo from company headquarters ordered store buyers at all 113 Tower stores in the US not to purchase from Allegro, Harmonia Mundi, and Qualiton, until receiving further notice. The three distributors represent dozens of small independent jazz and classical recording labels.

Mark Levinson has traveled from Woodstock to the Whitney, and Michael Fremer lends an ear to his <A HREF="http://www.stereophile.com//loudspeakerreviews/350/">Red Rose Music R3 loudspeaker</A> to determine if the journey was a fruitful one. As Fremer characterizes it, "If Levinson's Cello foray was <I>haute monde</I>, Red Rose is Dockers: loose-fitting and relaxed."

<A HREF="http://www.cirrus.com"&gt; Cirrus Logic</A> has initiated cutbacks in its workforce and other cost-reduction moves that are expected to save as much as $12 million annually. The Austin, TX&ndash;based semiconductor company stated May 15 that the measures are part of a general restructuring of its business model, in which its magnetic storage chip business will be de-emphasized in favor of its semiconductor business. Cirrus is the parent company of Crystal Semiconductor, maker of many high-performance digital audio chips.

Please bear with us a moment here&mdash;we know most audiophiles react to MP3-related news with a serious case of ringing ears, but tracing where the lo-fi market is currently headed can be instructive for understanding the distant hi-fi future. And if the new technology previewed last week at <A HREF="http://www.qualcomm.com/brew/">Qualcomm's BREW</A> conference in San Diego is any indication, some parts of your audio future may, in fact, be wireless.

<I>"I'm a fan of tubes&mdash;I don't like designing with them, but I </I>do<I> like listening to them."</I>&mdash;Paul McGowan, <I>Stereophile</I> <A HREF="http://www.stereophile.com//interviews/222/">interview</A&gt;, May 2000

<I>"I'm a fan of tubes&mdash;I don't like designing with them, but I </I>do<I> like listening to them."</I>&mdash;Paul McGowan, <I>Stereophile</I> <A HREF="http://www.stereophile.com//interviews/222/">interview</A&gt;, May 2000

<I>"I'm a fan of tubes&mdash;I don't like designing with them, but I </I>do<I> like listening to them."</I>&mdash;Paul McGowan, <I>Stereophile</I> <A HREF="http://www.stereophile.com//interviews/222/">interview</A&gt;, May 2000