A novel, digital, hot-wire anemometer technique for the simultaneous measurement of the instantaneous streamwise and lateral velocity fields in high-intensity turbulent flows is discussed. It involves the use of a three-wire probe comprising two 45° slanted hot wires and a normal hot wire. A comprehensive and systematic examination of several factors that can affect the fidelity of the streamwise and lateral velocity waveforms is developed to assess the performance of the new technique as well as hot-wire systems generally. These factors are: (i) rectification, which stems from the inherent insensitivity of hot wires to the direction of the instantaneous (total) velocity vector in a turbulent flow; (ii) spanwise velocity fluctuations; (iii) axial cooling of hot wires; (iv) unpredictable variations in one of four hot-wire calibration parameters; (v) random hot-wire calibration errors; (vi) spanwise separation of the hot wires. Relevant hot-wire anemometer-response equations relating instantaneous anemometer output voltages to instantaneous flow velocities were established on the basis of extensive voltage-velocity calibration data pertaining to hot wires orientated with respect to the calibration flow velocity at various yaw and pitch angles ranging from 0° to 90°. Simulated Gaussian (streamwise, lateral and spanwise) velocity fields appropriate to flows with turbulence intensity levels varying between 5 and 80% and Reynolds shear-stress coefficients varying between 0.1 and 0.5 were generated by means of a digital computer, and the associated anemometer-voltage signals computed in accordance with the response equations subject to different combinations of the first four of the aforementioned factors. In order to take into account the effects of the last two factors, viz calibration errors and spanwise wire separation, uncorrelated Gaussian ‘noise’ fluctuations were superimposed on the above voltage signals. Estimates of the known (simulated) streamwise and lateral velocity signals were then determined by simultaneous solution of (a) the actual instantaneous response equations, (b) approximate versions of them, and (c) linearized versions of them. The results indicate that reasonably accurate estimates of velocity signals from a turbulent flow can be obtained by means of conventional hot-wire anemometer techniques – which assume that anemometer voltage fluctuations are linear functions of corresponding velocity fluctuations – only if the turbulent intensity level of the flow does not exceed about 20%. In marked contrast, the 3-wire anemometer technique introduced here can be used to measure streamwise and lateral velocity signals simultaneously with a high degree of accuracy for turbulence-intensity levels of up to 40%. In addition, this technique is capable of yielding high-fidelity streamwise velocity waveforms for levels in excess of 70%.