Jon Iverson

Earlier this month, DirecTV announced that it is investing $50 million in XM Satellite Radio in an effort to capitalize on direct satellite-to-receiver broadcasting technology, which is intended to provide listeners in the car and at home with up to 100 channels of music, news, and entertainment available in North America. Additional XM investors include General Motors, Clear Channel Communications, and a private investment group.

Danish audio-video manufacturer Bang & Olufsen has long been known for its unusual product designs. Eschewing the normal tendency of consumer electronics manufacturers to design their circuits and transports into stackable black boxes, the company's current home-audio line includes colorful vertical CD stacks with sliding clear-glass doors and brushed-aluminum cylindrical speakers.

It wasn't too long ago that rock band Pearl Jam set their lawyers after the dozens of independent websites pre-releasing pirated versions of the band's album Yield, hoping to curtail its availability on the Internet. How times change. On June 4, any consumer with access to the Internet and a RealNetworks G2 player will have the opportunity to visit the world's "ultimate listening posts" when the Red Hot Chili Peppers' new album, Californication, and Def Leppard's Euphoria, will be available in their entireties for streaming on the Web---four days prior to their official June 8 release.

In a tersely worded press release, Carver Corporation announced that on Wednesday, May 12, 1999 it filed a voluntary petition under Chapter 11 in United States Bankruptcy Court for the Western District of Washington. The cause of the filing was "an accumulation of unpaid debt and resulting legal actions filed by creditors. These actions created the prospect of an inequitable distribution of payment to creditors and prevented the Company from being able to operate as a functioning business entity. In October of 1998, the Company ran out of working capital and laid off the remainder of its workforce. Subsequently, at the invitation of the Board of Directors, Robert W. Carver, the founder of the Company and former CEO, stepped in to take over."