This Reception Is Great, But...

Americans are hepped up about high-definition TV. Zenith Electronics Corp.'s stock jumped 25% in the week after Feb. 16, when its transmission scheme was recommended as the new standard for HDTV. On Feb. 23, U.S. newspapers blared news that Japan's rival standard was faltering. Pundits cite HDTV as evidence that U.S. technology is staging a comeback.

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