[quote]I accept that, however, can you reliably, beyond any reasonable doubt exclude termination issues from the picture? (If so, proof please).[/quote] I think that's your challenge, not mine. Prove that termination issues caused by cables cause jitter. Prove that that jitter causes distortion of the analogue output. Ideally prove that that distortion is audible, but given we can measure the distortion and know how to avoid it, whether we can actually hear it or not is of secondary importance. [quote]Okay, so IF noise is present we have jitter? Yes?[/quote] Noise obviously causes jitter in the recovered clock. Does that jitter appear as an artifact of the analogue output? FWIW on neither of my two CD players (rather old I grant you) is the S/PDIF output connected to any of the chassis, mains earth or analogue signal ground. Paul