Rick Posted January 6, 2011 Posted January 6, 2011 I just saw this on another forum and though I'd share it here, in case anyone didn't know yet: http://www.twice.com/article/461992-2011_CES_Audiovox_Plans_To_Buy_Klipsch_Group.php Quote
Rick Posted January 6, 2011 Author Posted January 6, 2011 Yeah, I was kinda shocked to hear this myself... Quote
thebes Posted January 6, 2011 Posted January 6, 2011 If true it can't be good.They sell junk like Jensen and cables like AR and when's the last time RCA put out anything decent. They'll gut the brand. Quote
jacksonbart Posted January 6, 2011 Posted January 6, 2011 A contract has been signed, now all those people who wanted Klispch car audio should get their wish if this goes through. Quote
BLSamuel Posted January 6, 2011 Posted January 6, 2011 If this is true it may spell the beginning of the death of Klipsch.... Please let it only be a rumor or that if true Klipsch is spun off as a separate standalone company... Let's hope and pray it's not as bad as it sounds ... Marty, can you put the Twins to work on stopping this nightmare. Hopefully that's all it is... a nightmare. Whoever bought McIntosh, I think Clarion, I think has let McIntosh carry on with principles at least somewhat / mostly intact but today's Jensen, AR, and RCA brands (I did not know that RCA was no longer owned by Thomsen ...) don't exactly conjure up thoughts of that's something I want to buy. Maybe a cable in a pinch, but... sad news indeed. Quote
jacksonbart Posted January 6, 2011 Posted January 6, 2011 Audiovox Corp. (VOXX) Signs Non-Binding Term Sheet for Klipsch Acquisition More News related to VOXX Iteris Powers Audiovox’s New “Distracted Driver” Safety System for the Consumer Auto Aftermarket Audiovox Corp. (VOXX) Signs Non-Binding Term Sheet for Klipsch Acquisition Audiovox Signs Non-Binding Term Sheet Audiovox Introduces Industry's First Automotive Blu-ray Disc Player Acoustic Research Unveils Docking Stations for Apple and Android More News related to VOXX More News related to Corporate News ArcelorMittal (MT) Reaffirms All Cash Offer for Baffinland Iron Mines Murphy Oil (MUR) Fails to Find Hydrocarbons in Mer Profonde Sud; Expects $36M Charge in Q410 LEAF Financial (REXI) To Expand Joint Venture From New Capital Investments XOMA (XOMA) announced Phase 2a Trial Showed XOMA 052 Was Well Tolerated Cliffs Natural (CLF) Receives $129M in 'True Up' Payments from Essar Steel Algoma More News related to Corporate News January 6, 2011 8:28 AM EST Audiovox Corporation (Nasdaq: VOXX) announced that they have signed a non-binding term sheet for the acquisition of all outstanding shares of Klipsch Group Inc. and its worldwide subsidiaries. Quote
BLSamuel Posted January 6, 2011 Posted January 6, 2011 A contract has been signed, now all those people who wanted Klispch car audio should get their wish if this goes through. Ahhh but it quite likely will be more like "Dual" car audio than Dual car audio. A former great brand bought for name recongnition only with really nothing more left of Dual than the name and the memories.... We can hope for better and that they would allow Klipsch to operate as today but it just doesn't sound optimistic. Quote
BLSamuel Posted January 6, 2011 Posted January 6, 2011 Well it does say "non-binding" in JB's post so I suppose we shouldn't all panic quite yet. Quote
fini Posted January 6, 2011 Posted January 6, 2011 Seals the deal for me not getting spikes for my KSP-400s (that were promised). I wonder when they'll pull the plug on this forum? Quote
fini Posted January 6, 2011 Posted January 6, 2011 Well it does say "non-binding" in JB's post so I suppose we shouldn't all panic quite yet. Oh, so they'll be selling speakers without binding posts? WTF?? Quote
Fish Posted January 6, 2011 Posted January 6, 2011 Well it does say "non-binding" in JB's post so I suppose we shouldn't all panic quite yet. No need to panic but the thought of considering this move tells me a lot. Quote
CT vintage Posted January 6, 2011 Posted January 6, 2011 Hey look on the bright side... at least KRACO isn't buying Klipsch! Who here remembers KRACO car stereos from the late 70's and early 80's?! [] Quote
Rick Posted January 6, 2011 Author Posted January 6, 2011 Hey look on the bright side... at least KRACO isn't buying Klipsch! Who here remembers KRACO car stereos from the late 70's and early 80's?! LOL, I remember Kraco and Sparkomatic from those days...[] Quote
jhoak Posted January 6, 2011 Posted January 6, 2011 Hey look on the bright side... at least KRACO isn't buying Klipsch! Who here remembers KRACO car stereos from the late 70's and early 80's?! LOL, I remember Kraco and Sparkomatic from those days... Sold and installed many many Kracos and Sparkomatics 73 thru 76. Usually hanging right next to the Cobra 23 channel CB radio. A pair of Jensen 6X9 coaxials in the back deck and you had pure sonic bliss. [] Quote
Moderators Amy Posted January 6, 2011 Moderators Posted January 6, 2011 I like looking at the bright side! Quote
RockOn4Klipsch Posted January 6, 2011 Posted January 6, 2011 I like looking at the bright side! And that would be......cheaper products for everyone. In both senses Quote
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