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JVC might have been trying to grab a piece of the "prosumer" market with these: the educational/industrial crowd that couldn't go for film or 2" reel but needed a way to play and record, and possibly have a video camera available. That was a long way off with VHS at the time.
Someone at Kutztown was selling an early Sony that was rebadged as a Wollensak 3M.
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Good headphones make good neighbors.
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