Review: David Price

Efficiency, sensitivity and coverage pattern – all attributes that are hard to beat,' says Klipsch's Principal Engineer Roy Delgado. 'The benefits of horn loading have not changed.' He's quite right, of course, but neither have the caveats, not least because attempts to deliver realistic bass typically requires gigantic horns and speakers the size of the average British garden shed.

The first Stereo 40 tube integrated amp arrived in the year 2000, and according to Icon Audio's founder and chief designer David Shaw, 'is the heart of what we do'. It's the metaphorical ham sandwich of the valve amplifier world – the staple diet of audiophiles wanting a simple, affordable, user-friendly integrated that offers classic tube sound and some interesting features too. This new £2200 Stereo 40 MkIV sits bang-smack in the middle of the range and, as claimed, is uncommonly versatile.

Sometimes you can be too clever by half. The pursuit of perfect sound, such as it is, takes many loudspeaker manufacturers way off-piste into all sorts of weird and wonderful drive unit types, cone materials and radical cabinet shapes. Yet there's a decent body of evidence to suggest that a conventional but well made box speaker - complete with high quality drive units that don't try to trip the light fantastic - can deliver just as impressive results.

All things considered, 1986 was an unlikely time to launch a high-end phono cartridge brand, and all the more so considering it happened in Japan. When I moved to Tokyo four years after Yasuo Ozawa started Shelter, what the Japanese call 'Analog Disc' was almost as dead as the proverbial Monty Python parrot. True, you could slum it around the seedier sides of downtown Shimokitazawa and Asagaya and find an isolated second-hand record shop, but the only news in town was the shiny new Compact Disc.