On Sat,7/9/2016 7:41 AM, jimlux wrote:
There's more than one instance of a company "losing the recipe" even
in the same plant, but also when moving manufacturing operations.
Several decades ago, Altec, then a major pro audio company was purchased
by a bunch of money-freaks who knew precious little about the biz, but
boy did they know how to play with money. In their infinite wisdom, they
moved the company, including its loudspeaker manufacturing, from Anaheim
to Oklahoma City so that they could sell the company's facilities for
their real estate value. Never mind that they were abandoning both their
employees and one of the world's largest anechoic chambers, a pretty
expensive thing to build.
Unfortunately for those wheeler-dealers, few of their employees were
willing to move from CA to OK, so once they got the OK factory going, it
was a year before they could build loudspeakers good enough to ship.
That move was the beginning of the end of Altec, and not long after, the
company NAME was sold to investors, one set of which used it to label
cheap junk consumer products built offshore. Another group made an
attempt at the pro audio world, but failed because those wheeler-dealers
had so badly soiled the company name.
73, Jim K9YC
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