Archive for May, 2007

The final end of the cassette tape…

By Harry Wallop, Consumer Affairs Correspondent

The eject button on music tapes has been pressed for the last time.

Currys, the biggest electronics retailer in Britain, will today announce that it is to stop selling cassette tapes - a move which sounds the death knell for the compilation tape, used by a generation of love-struck young men to woo their girlfriends.

The High Street chain also predicts that this Christmas will be the last time it sells any hi-fi system with a tape deck included.

Cassette tapes have been suffering a slow decline over the past 15 years as first compact discs, and more recently music downloading, took hold. But it is estimated that there are still as many as 500 million tapes in circulation, languishing at the back of bookshelves, or in the side doors of cars.

“I remember the tape with some fondness,” said Peter Keenan, the managing director of Currys. “The hours spent putting together compilation tapes and the all-too-familiar experience of finding your deck had chewed your tape, will resonate with many now in their 30s and 40s.”

In the days before downloads or CDs, creating a compilation tape - or mix tape - was, for many young men, a key part of any romance. The practice was memorably captured by Nick Hornby’s novel High Fidelity, which laid out the rules to the perfect compilation.

Rob Sheffield, a writer for the magazine Rolling Stone, last month published Love is a Mix Tape, a eulogy to his wife who died from cancer, interspersed with details from the compilation tapes they created.

The MP3 player has made the practice almost redundant. The sales of cassettes have fallen steadily since they hit their peak in the 1980s - a decade when they enjoyed unparalleled popularity, helped by the rise of the Walkman, launched by Sony in 1979.

The portability of the format moved out of the living room and on to the street. In 1989, helped by falling prices of hi-fi systems, 83 million music cassettes were sold in the UK. This fell to 53 million in 2000, and just half a million in 2005, according to Understanding & Solutions, a market research firm.

Last year only about 100,000 of the items were sold. However, this figure excludes audio books and blank tapes, which still attract a small, loyal fan base, with four million blank tapes sold last year and 1.5 million audio books.

Jason Toal, of Simon Fraser University in California, has studied what he dubs “cassette culture” and claims there are many advantages that tapes, which were launched by Philips in 1963, enjoy over downloading music.

“With digital we get the benefit of access to as much music as we want,” he said. “But that comes with a loss of privacy. As you download, someone is watching you all the time. Cassettes are off the network.”

Currys is the last High Street chain to bow out of the market. Woolworths has thrown in the towel and HMV stopped stocking the products 18 months ago. Currys still sells a handful of hi-fi systems that include tape players, but will phase them out during the year.

Mr Keenan said: “In a sense this decision reflects the beginning of the end for mechanical audio products.”

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Spare any change? Canada unveils $1 million coin

The Royal Canadian Mint unveiled a welcome addition to any piggy bank on Thursday — a monster gold coin with a face value of C$1 million (455,000 pounds) that it says is the world’s biggest, purest and highest denomination coin.

Weighing in at 100 kilograms (220.5 pounds), the limited edition coin easily dwarfs its closest rival, the 31 kg (68 pound) “Big Phil”, which was made to honour the Vienna Philharmonic Orchestra and has a face value of a mere 100,000 euros (C$150,000).

The Canadian mint introduced the mega-coin, which is the size of an extra-large pizza, alongside the one-ounce gold bullion coins it is mass producing at its Ottawa plant.

Originally designed to promote the new one-ounce coins, the colossal 100 kg coins will be produced in a very limited quantity. A U.S. precious metals distributor has ordered three and there is interest in Asia and Europe, the mint said.

At 53 centimetres (21 inches) in diameter and over 3 cm (1.2 inches) thick, the massive coins need a high level of hand crafting.

While it has a C$1 million face value, the coin is worth more than twice that amount given the current gold price of $683.30 an ounce.

The new coins are both adorned with a maple leaf and boast 99.999 percent purity, a notch above previous purity peaks of 99.99 percent.

“Since the Royal Canadian Mint upped the ante on the rest of the world in 1982, by raising the purity of gold bullion to four nines pure (99.99 percent) other nations have come on the scene … Austria, the United States, and Australia being the case in point,” said mint spokesman Alex Reeves.

“We compete for market share with all of these countries and we decided that the time was right to do something to stand out from the crowd once again.”

Bullion and refinery services generated almost C$281 million in revenue in 2006, more than half the mint’s total sales of almost C$494 million.

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Apple ships Mac security updates

Apple updates Mac OS X 10.4 and 10.3; AirPort and QuickTime

Jonny Evans


Apple has released security updates for Mac OS X 10.3.9 and 10.4.9 systems running on Intel or PowerPC-based Macs.

The company has also released software updates for QuickTime and for its recently-introduced AirPort Extreme Base Station.



The 15.7MB Security Update 2007-004 v1.1 (Universal) is recommended for all users and improves security across many system components, the company has confirmed. The release is for client and for server Macs and secures 18 areas of the OS, including Help Viewer, Video Conference and the Login WIndow.

The same update has also been made available for PowerPC-based Macs. This 9.1MB download is identical in function to the Intel Mac-focused software update, addressing the same vulnerabilities in the system

Finally, Apple has also shipped a version of the update for Mac users running Mac OS X 10.3.9. This addresses 16 system areas and is a 36.7MB download.

The updates are available using Software Update or for direct download form the Apple Support website.

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Yahoo Gets Right Stuff to Target Google

Yahoo announced that it has purchased the 80 percent interest in ad exchange firm Right Media that it did not already own. Though the move could be seen as a response to rival Google’s recent acquisition of DoubleClick, it isn’t likely because the expansion has been in the works for the past year, said Forrester Research Vice President and Principal Analyst Charlene Li.

Yahoo (Nasdaq: YHOO)  said Monday it is buying the remaining 80 percent interest in online advertising  exchange Right Media that it does not already own for approximately US$680 million in a move aimed at boosting the reach of Yahoo’s advertising to social networking sites.

In October, the search giant purchased a 20 percent stake in the privately held, New York-based ad exchange firm. More than 19,000 advertisers, publishers and networks buy and sell advertising on Right Media’s auction-based exchange.

Media Exchange

Right Media runs an exchange in which advertisers and publishers buy and sell online ad placements in real time through an auction system.

Yahoo is banking on grabbing the lead over Google (Nasdaq: GOOG)  in the niche ad market, where sellers gain greater access to a larger pool of advertisers.

Unlike an ad network, an ad exchange is a marketplace where publishers and advertisers can execute advertising transactions. Ad networks aggregate inventory from publishers and resell it to advertisers.

“The acquisition of Right Media will further Yahoo’s goal to create the industry’s most open, accessible and vibrant advertising marketplace,” said Yahoo chairman and chief executive Terry Semel.

The Evolving Market

Although Yahoo is the market leader in display advertising used by large, brand-name marketers, the Right Media acquisition signals it is seeking to grow its presence in the micro-targeted audience  such as individual social network profiles, Yahoo said.

Yahoo still remains a distant second behind Google in terms of online search market share and advertising revenue. Google’s acquisition of premium ad network DoubleClick (Nasdaq: DCLK)  for $3.1 billion last week may have put Yahoo at even more distance.

Playing Catch-Up?

Although on the surface the move looks like a defensive response to Google’s DoubleClick acquisition, it isn’t likely because the expansion has been in the works for the past year, said Forrester Research Vice President and Principal Analyst Charlene Li.

“I think it’s actually an offensive strategy  for Yahoo to build on its dominance in the graphical ad marketplace,” Li told the E-Commerce Times. “Yahoo is putting a stake in the ground that the future for online display advertising lays in efficient, easy-to-use marketplaces, and it wants to be the trusted intermediary for that future.”

Yahoo’s move should make it difficult for Google to start its own ad exchange, which DoubleClick announced earlier this month. Right Media has been operating an ad exchange for over two years, giving it a management and technical experience edge over its rival, Li said.

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