Jon Iverson

Sony may be pretending that DVD-Audio doesn't exist, and Panasonic may be in denial about SACD, but a new chip from Texas Instruments just might help bring the rival formats a little closer together in consumer living rooms and professional recording studios alike.

Citing the desire to take advantage of the power of sharing audio files over the Internet, one of the larger independent record labels, TVT Records, announced last week that it has withdrawn its copyright claims against the file-sharing company Napster. TVT said that the basis for its decision to end the lawsuit and provide its support to Napster is "the new service Napster is evolving under the strategic alliance it recently announced with Bertelsmann AG." TVT points out that, since Bertelsmann is still technically a party to litigation with Napster, it becomes the first record label to fully settle with the beleagured Web company.

Treading the fine line between authorized retailers and the used equipment market, New Jersey online retailer WorldExchange.com announced last week that it has launched a consumer electronics shopping Web site that offers "deep discounts" on a broad array of mid to high-end audio/video components whose manufacturers, the company says, normally adhere to "restricted distribution and price-maintenance policies."

Hundreds, if not thousands, of new products are unveiled to the consumer electronics industry each year at the annual Consumer Electronics Show in Las Vegas. But there would be no new products without the efforts of the scientists, engineers, journalists, inventors, company founders, and retailers who bring a product from concept to market.