Financial Roundup
The rumored economic recovery may not be simply spin and hype, if recent reports from the consumer electronics industry are any indication.
Financial Roundup
Recent financial reports from the consumer electronics industry are all over the map, with some manufacturers reporting declines while others report gains. Sony and Samsung have both posted losses, but Toshiba and JVC made money. Pioneer is holding steady.
Financial Roundup
By several common measures, the American economy appears to be emerging from its first recession in a decade. On Friday, April 26, the US Commerce Department reported economic growth of 5.8% (annual rate) for the first quarter. Gross domestic product (GDP), generally considered the broadest indicator of the economy's health, was the strongest since the final quarter of 1999. The 5.8% rate is especially encouraging in view of the 1.7% rate during the fourth quarter of 2001. The US Labor Department also reported a decline in first-time applications for unemployment benefits during the last week of April.
Finding Music Like the Music That You Like
Let's face it. Despite the vinyl resurgence amongst the young and not so, the days when analogus collecticus could spend hours scouring record bins, holding product in hand, and reading album notes, are mostly behind us. In response to market evolution, at least three competing computer-based technologies have emerged to steer consumers toward music they will likely enjoy. Each uses a different approach, with one claiming "objectivity."
Fine Sounds SpA Acquires Sumiko
In what is sure to be a win-win situation for both manufacturers and consumers, Fine Sounds SpA of Milan, Italy, owner of Sonus Faber, Audio Research Corporation and Wadia Digital, has acquired 100% of Sumiko manufacturing and distribution in Berkeley, CA. In addition to distributing Wadia Digital next month, Sumiko will continue to distribute Sonus Faber loudspeakers, REL subwoofers, Pro-Ject Audio Systems turntables and electronics, SME turntables and tonearms, Sumiko phono cartridges, and Okki Nokki record cleaning machines in North America.
Fine Sounds to Acquire McIntosh
Breaking news this morning is the announcement that the Italian Investment Group Fine Sounds SpA is to acquire 100% of famed US tube-amplifier manufacturer McIntosh Laboratory from D&M Holdings. Fine Sounds already owns the Sonus Faber, Audio Research, and Wadia Digital brands and the Sumiko distribution company.
FireWire SACD and DVD-Audio?
In a pre–Consumer Electronics Show announcement, Texas">http://www.ti.com">Texas Instruments says it has integrated its FireWire (IEEE1394), multichannel audio digital signal processor (DSP), and digital amplifier technologies in a single board to demonstrate an all-digital audio system from source to speaker.
First All-Digital Amplifier?
NAD has announced what they claim is the world's first true digital audio power amplifier directly linking a CD player to a loudspeaker. As explained by Peter Lyngdorf, chairman of NAD Electronics and TACT Audio, the Millennium "is not a conventional combination of D/A converter and analog amplification.
First Annual MP3 Summit Hits San Diego This Week
Last week, Xing">http://www.xingtech.com">Xing Technology Corporation announced its sponsorship of the First">http://www.mp3.com/conference/">First Annual MP3 Summit. In a statement, the company urged music-industry executives to discuss copyright issues, technical standards, and music distribution, and to participate in developing the future of MP3.
First Annual Surround Awards
With the advent of Dolby Digital, DTS, DVD-Audio, and SACD, multichannel audio and its enthusiasts are not lacking for playback formats. What has been lacking, however, is recognition for outstanding achievements in the fledgeling surround music business. But not anymore.