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Is Mackie (Loud Tech) REALLY going under?

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  • Is Mackie (Loud Tech) REALLY going under?

    I am looking to buy some new Mackie gear, but I have been reading some threads here that suggest Mackie may be going "belly-up" soon.

    Is this really true? Is there any more news out of the USA? We hear so little down here, and when we do its usually 6 months old by the time it trickles through.

    Thanks
    https://soundcloud.com/miden-entertainment

  • #2
    It appears not....

    http://www.musicincmag.com/News/2009/090122/090122_loud.html

    Loud Expands Supply Chain, Dispels Bankruptcy Rumors

    Loud Technologies recently announced two new contract manufacturing (CM) partners and the reallocation of production for certain EAW and Mackie products across its worldwide supply chain.

    The expansion helps replace capacity lost when the prior CM for those products discontinued operations in December 2008. Meanwhile, supplies of all other EAW and Mackie products
    <div class="signaturecontainer">My new webpage: <a href="http://www.richardkingmedia.com/" target="_blank">http://www.richardkingmedia.com/</a> Take a look and let me know what you think.</div>

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    • #3
      Hmm, that was early 2009. The threads I have read are in December 2009...Plus that article seems more like "spin" from a CEO rather than an objective outsiders review of the position.
      https://soundcloud.com/miden-entertainment

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      • #4
        Oops. Missed the date. Since they aren't a public company anymore (at least not on the NASDAQ) about all you will get is company spin. You could buy some research reports: http://finance.yahoo.com/q/rr?s=LTEC
        <div class="signaturecontainer">My new webpage: <a href="http://www.richardkingmedia.com/" target="_blank">http://www.richardkingmedia.com/</a> Take a look and let me know what you think.</div>

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        • #5
          Well they did have several booths at NAMM. I do know a person in their sales management team and he told me they wanted to go private (like GC did). He told me nightmares about the hoops they had to jump through, being a public company, in the post Sarbanes

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          • #6
            No not at all Timmit.. Thats good info...So from what you are saying they do not SEEM to be going bankrupt anytime soon. I guess if they financed booths at NAMM, it cannot be all bad...

            I just got a bit "antsy" about buying this new product after reading other comments.

            Now as long as the gear is as good as the old Mackie, no problems

            Thanks for that
            https://soundcloud.com/miden-entertainment

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            • #7
              I think all manufacturers are going through some tough times. Ive been eyeing the new Mackie 1640i (I have the 1640 and a Mackie MCU) and based on those products, I have no problems buying new Mackie stuff. If they go under they go under. If anything needs repaired there is a great shop here in the USA that repairs Mackie stuff and mods it.
              <div class="signaturecontainer">I like Z Cars<br />
              and Guitars</div>

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              • #8
                I think all manufacturers are going through some tough times. Ive been eyeing the new Mackie 1640i (I have the 1640 and a Mackie MCU) and based on those products, I have no problems buying new Mackie stuff. If they go under they go under. If anything needs repaired there is a great shop here in the USA that repairs Mackie stuff and mods it.


                LOL, yeah but not here in Oz
                https://soundcloud.com/miden-entertainment

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                • #9
                  i still wouldnt buy mackie, even in this forum miden.
                  <div class="signaturecontainer">band status - &quot;its complicated&quot;</div>

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                  • #10
                    Yeah Coaster after all the great advice I have received, I now agree as I have decided to go with an Allen and Heath Zed12 FX instead

                    The consensus against Mackie (LOUD) was pretty overwhelming. And not just on the Harmony C fora either.

                    Its a bit bigger, but i have not read one bad word about the A+H gear....I just need to get a decent firewire i/f now

                    Cheers
                    Dennis
                    https://soundcloud.com/miden-entertainment

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                    • #11
                      Of the few people in this forum who would actually know what's going on, none of them have chimed in.... wonder what that means?
                      <div class="signaturecontainer"><a href="http://www.google.com" target="_blank">www.google.com</a></div>

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                      • #12
                        Of the few people in this forum who would actually know what's going on, none of them have chimed in.... wonder what that means?


                        This thread is a little creepy. If you search Google with the More Options (time filter) on you really won't see any rumors other than a cross-posting in the Live forum and the perpetually angry Tracktion users posting on a competitive mfrs. site. I'd like just a little more substance with my speculation.

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                        • #13
                          This thread is a little creepy. If you search Google with the More Options (time filter) on you really won't see any rumors other than a cross-posting in the Live forum and the perpetually angry Tracktion users posting on a competitive mfrs. site. I'd like just a little more substance with my speculation.


                          Yep. Must be disgruntled ex-employees or a consumer who got a defective unit. Thats gonna happen with all manufacturers. Hell I have Behringer stuff that works just fine. :thu:
                          <div class="signaturecontainer">I like Z Cars<br />
                          and Guitars</div>

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                          • #14
                            Of the few people in this forum who would actually know what's going on, none of them have chimed in.... wonder what that means?

                            Shhhhhhhhh.............
                            <div class="signaturecontainer"><b> &quot;It's all good; except when it's Great.&quot; </b><br />
                            <br />
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                            • #15
                              Well, with respect, why do these smart#rses not say anything and instead try to help someone who does NOT know what is going on????

                              Instead of pontificating lordly at the end as if they are in on some big secret that only approved members of their "gang" can know about???
                              https://soundcloud.com/miden-entertainment

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