News

In the children's fable, Chicken Little, the archetypal alarmist, induced fear and panic in his community by running amok and shouting, "The sky is falling! The sky is falling!" The hysterical fowl has many relatives among journalists and economists, who regularly issue dire warnings about the forthcoming Year 2000 problem.

As digital distribution grows, the protection of copyrighted material---music, film, video, photographic images, paintings, drawings, and text---becomes ever more important. Tied to this are widespread concerns about maintaining security during online transactions---keeping credit-card numbers and customers' identities hidden from would-be thieves.

The DAC performance envelope has been pushed further by Burr-Brown Corporation. The Tucson semiconductor company has just announced the commercial release of its new PCM-1704, an ultra-high-quality digital/analog converter chip boasting a 120dB signal/noise ratio. The new chip supersedes the company's PCM-1702, a DAC found in many high-end products and widely considered the state of the art.

The internet has been a boon to music lovers, who now can research almost any piece of music or artist, or shop for obscure discs and memorabilia from a plethora of sources. In an interesting twist on the additional material idea, Sony Music has been making supplemental content for selected CD releases available on a special website.

Canton, MA-based Tweeter Home Entertainment Group (NASDAQ: TWTR) has gone public. Last Thursday, July 16, the East Coast audio and video retailer launched an initial public stock offering of 2.71 million shares at an offering price of $17/share.

The High End has reached a new low, one characterized by "existential angst." That's how Lawrence M. Fisher of the New York Times describes the industry's ongoing malaise. In a well-researched and well-written piece that appeared last Thursday, July 9, Fisher cites "demographic and economic issues beyond its control and technological trends that threaten its very relevance." He mentions the economic crisis in Asia---destination for a large proportion of American high-end audio products---as a major contributing factor to the stagnation in which much of the industry is mired.

The audio business has been claiming its share of victims lately, with few companies able to reanimate once economic problems set in. Working hard to break this cycle, Carver Corp. became one of the first manufacturers to switch from a dealer-based operation to both dealers and internet sales.