The Microcassette is an audio storage medium, introduced by Olympus in 1969. It uses the same width of magnetic tape as the Compact Cassette but in a much smaller container. By using thinner tape and half or a quarter the tape speed, microcassettes can offer comparable recording time to the compact cassette. The original standard microcassette, the MC60, gives 30 minutes recording per side at its standard speed of 2.4 cm/s, and double that duration at 1.2 cm/s; an MC90, giving 45 minutes per side @ 2.4 cm/s, is also available from a few manufacturers. Unlike the Compact Cassette, a choice of recording speeds was provided on the original recorders and many others; the tape also spools in the opposite direction, from right to left. For transcription purposes, continuouslyvariable speed was provided on many players. Microcassettes have mostly been used for recording voice. In particular, they are commonly used in dictation machines and answering machines. Microcassettes have also been used in computer data storage and to record music. For the latter purpose, devices for recording in stereo were produced in 1982 and, for higher fidelity, microcassettes using Type IV tape were sold. This was an attempt by Olympus to cash in on the burgeoning Walkman market; one model, the Olympus SR-11, had a built-in radio and offered a stereo tie-clip microphone as an accessory, which made the unit somewhat popular with concert-goers who wanted to record the concerts they attended without drawing attention to themselves with larger, bulkier full-sized cassette recorders. Both of these "high-fidelity" microcassette recorders and the specialType IV blanks they required were relatively expensive and of limited availability, so the system was not widely adopted and Olympus phased them out after two years on the market. "Standard" microcassettes are still used in the underground-music circuits for recording and distributing experimental music and field recordings/sound collage, mostly because of their lo-fi qualities. Comparable products to the microcassette include the minicassette, produced by Philips, and the picocassette, produced by Dictaphone. Of the three formats, the microcassette is the most common. In 1992, Sony released the NT memo recording system, which employs a small cassette for digital recording. Microcassettes equalisation time constant: Type I at 200μs and Type IV at 120μs.