Audiophiles with budget restrictions (most of us, I imagine) could be forgiven for feeling we're afterthoughts to most manufacturers. Even though we probably keep most companies in business by buying their "entry-" or mid-level products, we're always hearing about products designed "without compromise." <I>Waiter, could you bring the reality check, please?</I>

Audiophiles with budget restrictions (most of us, I imagine) could be forgiven for feeling we're afterthoughts to most manufacturers. Even though we probably keep most companies in business by buying their "entry-" or mid-level products, we're always hearing about products designed "without compromise." <I>Waiter, could you bring the reality check, please?</I>

James Dunning, Jr., Chairman and CEO of <A HREF="http://www.petersenco.com">The Petersen Companies, Inc.</A>, announced June 4th the completion of the acquisition of <I>Stereophile</I> and <I>Stereophile Guide to Home Theater</I> (two of this country's leading high-end audio and home theater publications), as well as HI-FI '98, The Home Theater & Specialty Audio Show.

On May 26, <A HREF="http://www.N2K.com"&gt; N2K</A>'s <A HREF="http://www.JazzCentralStation.com"&gt; JazzCentralStation </A> launched the first officially sanctioned Miles Davis StarSite, <A HREF="http://www.MilesDavis.com"&gt; MilesDavis.com</A>. An all-star musical and multimedia tribute was held that evening at New York City's Birdland, hosted by Dr. Billy Taylor and recorded by Phil Ramone and Michael Cuscuna for a September release on N2K Encoded Music. May 26 would have been Davis' 72nd birthday.

Did they capture the sound of her violin? Did the nuance of a 9' Steinway grand piano translate onto the disc with all of its dynamic range intact? Hear for yourself when Ida Levin and Delores Stevens mark the debut of <I>Stereophile</I>'s latest recording, <I>Duet</I>, with two live performances at HI-FI '98.

Software giant <A HREF="http://www.microsoft.com">Microsoft Corporation</A> has entered the audio market with a satellite-and-subwoofer speaker system for use with personal computers. The Digital Sound System 80 made its debut at this year's Electronics Entertainment Expo (E3), held May 28-30 in Atlanta's World Congress Center. The system was designed in conjunction with <A HREF="http://www.philips.com">Philips Electronics NV of the Netherlands</A>, one of the world's largest electronics companies.

Hundreds of manufacturers will be demonstrating state-of-the-art audio products at <A HREF="http://www.hifishow.com">HI-FI '98</A>---some of which have never before been seen by the public. We're running several announcements each week leading up to the Show to give you a taste of what to expect. Here's the fourth assortment:

The practice of "Transshipping"---selling a product outside one's designated territory---is widespread in the audio industry. It's commonplace for dealers to sell not only to walk-in customers, but also over the telephone or Internet to customers in other dealers' territories, usually at discounted prices. While not problematic on a small scale, the practice favors large-volume dealers over smaller ones, and is almost always a violation of a dealer's agreement with a manufacturer.