Ever since the first electrical loudspeaker—a glorified headphone with a horn on it—was outmoded by the balanced-armature cone speaker, paper has been the standard diaphragm material for speakers reproducing low frequencies. The Rice-Kellogg moving-coil transducer replaced the balanced-armature driving system in 1925, but the paper cone remained. And although many improvements have since been made, were no more major changes in loudspeaker design for over 30 years!

A visiting manufacturer recently expressed the idea that digital processors and transports are the worst value in high-end audio. He contended that, because they all sound bad, their differences and degrees of imperfection are meaningless. In his view, the very best digital differed very little from the worst. His advice? Buy a moderately priced CD player and enjoy your LPs.