HavenFest 2017 - Oct 13-15, 2017 - Details to follow!

Prime Minister

Site Owner
Staff member
I am still working on a room at the Toronto audio show in the fall. If I can ever get my head above water from work.
 

GaryB

Senior Member
Don’t remind me:(, how could such a prestigious company that was at the top of the heap during the “golden era” of audio be turned into a mass produced cookie-cutter Bluetooth speaker making company?
Years of financial engineering that didn't place any value on the engineering. From Wikipedia:

"In 1958 the Altec Lansing Corporation was purchased by James Ling who made it part of LTV Ling Altec. LTV spun off Altec which it loaded down with debt first. By 1974, the company was saddled with debt. It was reorganized under Chapter 11 as Altec Corporation and continued for 10 years. Altec filed a second bankruptcy. In 1984, Gulton Industries purchased the brand out of Chapter 11 bankruptcy. Gulton was acquired by Mark IV Audio.Since then, there has been a string of owners, the rights to the name for home speakers was purchased in 1986 by Sparkomatic,[7] with the Pro equipment still made by Mark IV Audio, Mark IV sold out to Telex, who closed down the Pro division and folded its products into EV. The full rights to the name were then acquired by Sparkomatic who changed their name to Altec Lansing Technologies,2005 Altec Lansing Technologies was acquired by Plantronics, 2009 brand name bought by Prophet Equity, and has been owned since 2012 by the Infinity Group, a company which acquires struggling companies . . ."
 

adaug

Senior Member
"In 1958 the Altec Lansing Corporation was purchased by James Ling who made it part of LTV Ling Altec. LTV spun off Altec which it loaded down with debt first. By 1974, the company was saddled with debt. It was reorganized under Chapter 11 as Altec Corporation and continued for 10 years. Altec filed a second bankruptcy. In 1984, Gulton Industries purchased the brand out of Chapter 11 bankruptcy. Gulton was acquired by Mark IV Audio.Since then, there has been a string of owners, the rights to the name for home speakers was purchased in 1986 by Sparkomatic,[7] with the Pro equipment still made by Mark IV Audio, Mark IV sold out to Telex, who closed down the Pro division and folded its products into EV. The full rights to the name were then acquired by Sparkomatic who changed their name to Altec Lansing Technologies,2005 Altec Lansing Technologies was acquired by Plantronics, 2009 brand name bought by Prophet Equity, and has been owned since 2012 by the Infinity Group, a company which acquires struggling companies . . ."
wow. what a convoluted and sad saga. the good work that the original altec did seems to be the thing that creates value for the spun off and watered down successors decades down the line.
 

JohnVF

Administrator
Staff member
Altec has been that for at least 20 years. I had a powered computer-speaker setup by them back in the year 2000.
 

MikeT.

Senior Member
Altec has been that for at least 20 years. I had a powered computer-speaker setup by them back in the year 2000.
I knew they had, I just HAD to say something. The thing that’s really unsettling is a generation of young people will never associate Altec with their roots and think of them as a portable audio company when their original signature products took two people to heft. :D
 

JohnVF

Administrator
Staff member
I cringe as much when I see the tacky green lights under tubes in current McIntosh gear, as I do when I see Altec on a portable player. There's something about McIntosh still being the same actual company instead of just a name that makes their sins more offensive to me.
 

DC

Active Member
I can't get "Sparkomatic" out of my head - I actually laughed when I read that. Can the forum software be programmed to substitute “Sparkomatic” in place of “Altec” in all posts/threads, just for a week?
 

adaug

Senior Member
The thing that’s really unsettling is a generation of young people will never associate Altec with their roots and think of them as a portable audio company when their original signature products took two people to heft. :D
its sort of a metaphor for a lot of things isnt it?
 

MikeT.

Senior Member
its sort of a metaphor for a lot of things isnt it?
Yes, most certainly. I try to keep up and my daughters keep me young. So what’s up with the venerable British loudspeakers, driven by tubes. I do a lot of streaming digital audio though.
 

Olson_jr

Active Member
I can't get "Sparkomatic" out of my head - I actually laughed when I read that. Can the forum software be programmed to substitute “Sparkomatic” in place of “Altec” in all posts/threads, just for a week?
I think I had an 8-Track Player in a 68 Catalina that might have been the Sparkomatic brand. I do remember laughing & joking about the name.
 
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