Barry Willis

Distressed Carver Corporation announced August 31 that founder Bob Carver has signed a letter of intent to return as chairman and CEO of the company he founded 20 years ago. The letter also spells out conditions for a possible merger of Carver and Sunfire Corporation as early as 18 months from now. Sunfire, manufacturer of the highly regarded Sunfire power amplifiers, is Bob Carver's privately held company.

Some optimists in Washington, on Wall Street, and elsewhere predicted that the Asian economic crisis wouldn't reach the United States. But in late August, the financial flu infecting that part of the world, and the ongoing monetary instability in Russia, finally affected North America. As of Friday, August 28th, the Dow Jones Industrial Average was hovering just above 8000, down from a record high of 9337.97 on July 17th. The market decline has affected the whole economy---traditional industries as well as hot-ticket ventures like Internet stocks.

In June, while the Recording Industry Association of America was collecting fat settlements from unauthorized CD compilers, its Canadian counterpart was busy shutting down Purple Dot, a custom-disc operation in Calgary, Alberta. The Canadian Recording Industry Association e-mailed a cease-and-desist order to 18-year-old Robert Clark, owner and operator of Purple Dot, which had been advertising on the Internet in the Yahoo! directory.

Enhanced Compact Discs (ECDs) are one of a host of hybrids and mutations popping up in the garden of digital infotainment. Many ECDs have added biographical text, still pictures, short video clips, and garish graphics to bulk up the content of basic music CDs. Others provide links to fan clubs, to an artist's website, or to the record label's home page. Most such efforts could be categorized as "art for art's sake"---experimental projects undertaken without any clear idea as to how the finished product will be used. "Value added" is usually the justification, but rarely the result.