User talk:68.97.53.125

The opening paragraphs need much work.

'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. Since then, there has been a string of owners, purchased in 1986 by Sparkomatic,[7] 2005 by Plantronics, 2009 by Prophet Equity, owned since 2012 by the Infinity Group, a company which acquires struggling companies."

Altec was purchased by Gulton Industries, correct. Gulton was then acquired by Mark IV Audio. Sparkomatic did not buy Altec in 1986. They bought the name for home speakers ONLY. Altec professional gear was still produced under Mark IV Audio. Mark IV Audio in the 90's sold out to Telex, no mention of this. During this time Altec ceased to exist except as a brand. Remaining Altec products were rebranded as EV products. In the interim, Sparkomatic changed its name to Altec Lansing Technologies. They later bought the full rights to the name Altec. They attempted to launch a Pro division with mostly Chinese product. It closed down. Altec Lansing Tecnologies was acquired by Plantronics. Since then Altec is a brand not a company. The brand was then purchased by Prophet and Infinity.

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