Jeanmougin asked,

| One friend lent me a MD with Conan the Barbarian soundtrack. It is an
| analog recording so I can make a digital copy of it. But will I be able
| to make a digital copy of this copy?

Only if you circumvent SCMS somehow.  Recordings of analog signal input,
digitized by the recorder's built-in ADC, have their SCMS bits set to allow
one further generation of digital copying, the same setting as most retail
CDs.

| Moreover, when you make a digital copy with optic fiber, is there a loss
| (even unoticeable)?

Unless the cable is extremely long, there is no loss from optical transfer. 
Bits are bits.  There is, however, some loss from re-encoding the data under
ATRAC.
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