You can do much better on both accounts.
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For electronics: Denon, Onkyo, Adcom, Parasound, Creek, B&K, NAD, Musical Fidelity, Jolida. Speakers: B&W, PSB, Paradigm, Mission, Triangle. Wire: Audioquest, Kimber, StraightWire, MIT. These will all put you in a good budget system. Most important thing to remember; synergy, how components complement(or don't) each other. Sorry to those not at the top of my head right at this moment.
IF YOU PLAN ON USING CD ONLY...GO FOR THE MARANTZ CD-67...YOU BYPASS THE PRE-AMP AND EXTRA INTERCONNECTS WHICH YOU CAN INVEST IN YOUR SPEAKERS. ID LOOK FOR A USED MARANTZ CD-63 OR CD-67...WHICH GO FOR $200-$270 ON THE USED MARKET...THEN A PARASOUND HCA-800 USED ($250-$350) OR ADCOM 545 MK2 USED ($250-$325) THEN JUMP TO A PAIR OF MARDUANT SHORT , PSB, SPEAKERS WHAT EVER MODEL YOU CAN AFFORD....OR IF BOOKSHELVES WILL DO...ACOUSTIC ENERGY....EPOS....B&W.