Ling made several acquisitions in those pre-LTV days, the biggest coup being the purchase of the Altec Companies, makers of commercial sound systems. Altec was larger than all of Ling’s holdings at the time, had a sound balance sheet and considerable nationwide prestige. Realizing the clout of the Altec name, Ling changed his corporation’s name to Ling-Altec Electronics Inc.
Jim Ling - D Magazine
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