In the early 80s the company was at a crossroads and was developing the turntable to go with the cartridge and head amp. CD was thought to sound poor compared to vinyl. Gordon Gow who ran the company then listened to the Revox bassed on the Phillips CD transport / chip set and decided this was the way to go..
Gordon took a second on his house to buy a truck load of Phillips players and Ted Saito came up with the design to remake them as the MCD7000. The 7000 sold well and pulled the amps and preamps along with it. This was a big roll of the dice for Gordon Gow and it paid off. Without the 7000 it could have been game over.
Ron-C