Word: cd
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Dates: during 1980-1989
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...technology had gone bust. Pioneer Electronics, which manufactures virtually all the laser players sold in the U.S., soldiered on alone, going into the software business as well, but discs remained mostly the playthings of film fans and technofreaks until CDs revolutionized the audio market. "The triumph of the CD is giving the laser- disc industry a tremendous help," says Kenichi Ohmae, a top management consultant in Tokyo. Voyager's Robert Stein is blunter: "At the consumer level, CDs completely saved the ass of laser discs...
...laser videodisc, revived by the popularity of its audio cousin the CD, is bringing movie- house clarity and impact to home viewing...
...first the equipment will be too expensive to appeal to anyone but real audiophiles. The Kenwood DAT unit will cost $2,000, and the cheapest recorder announced so far will be a $1,099 model from Casio. But as happened with CD players, prices can be expected to come down sharply as the market grows and competition heats up. Almost no prerecorded tapes are available yet to play on the machines, but at the Las Vegas show three small companies announced plans to market 100 classical and jazz tapes. The dearth of prerecorded tapes and the high price...
...Records two weeks ago, will put Bruce Springsteen, Michael Jackson and all the other CBS stars on DAT. Sony is in an awkward position because CBS record executives have been leaders in the music industry's fight against DAT. They fear that home taping will ruin their lucrative CD business. As a modest concession to the recording industry's concerns, several DAT manufacturers are considering a special electronic system called Solo in their machines. Consumers will be able to make a digital tape of a compact disc but will not be able to duplicate that tape...
...interest rate tied to an annual index of higher-education costs. Says Bank Chairman Peter Roberts: "With us, families have shifted the risk ((of rising tuition and inflation)) from the household to the bank." Even if a child skips college, the parents can still cash in the CollegeSure CD for the full amount of savings and interest payments. The new certificate serves a purpose similar to the tuition-prepayment plans that some colleges offer, but unlike those arrangements, it can be used at any school...