Unable to proceed in recession, king offloaded shares

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CUTS.

Last seen on: The Guardian – Cryptic Crossword No 27,765 – Mar 11 2019


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Random information on the term “CUTS”:

The Kansas City standard (KCS), or Byte standard, is a way of storing digital data on standard Compact Audio Cassettes at data rates of 300 to 2400 bits per second (at 300–2400 baud) that was first defined in 1976. It was the default encoding used by several machine families, including those from Acorn and the MSX. It was also the standard used for cross-platform BASICODE distribution.

It originated in a symposium sponsored by Byte magazine in November 1975 in Kansas City, Missouri to develop a standard for storage of digital microcomputer data on inexpensive consumer quality cassettes. Although the standard existed from the earliest days of the microcomputer revolution, it failed to prevent a proliferation of alternative encodings.

Early microcomputers generally used punched tape for program storage, an expensive option. Computer consultant Jerry Ogdin conceived the use of audio tones on a cassette to replace the paper tapes. He took the idea to Les Solomon, editor of Popular Electronics magazine, who was similarly frustrated by punched tapes. In September 1975 the two co-authored an article on the HITS (Hobbyists’ Interchange Tape System), using two tones to represent 1s and 0s. Soon after, a number of manufacturers started using similar approaches, although each of these systems were incompatible.[1]

CUTS on Wikipedia