[net.audio] KLH, anyone?

dyer@wivax.UUCP (07/01/83)

Before anyone says a good word about Peter Sprague, let it be known that
he was in large part responsible for the demise of Advent. In a short-sighted
move to New Hampshire for supposed economies, Advent lost all its skilled
labor force in Cambridge.  In addition, his attempts to grow even larger
proved ill-timed: the stereo market was beginning its collapse, and the
enormous costs of moving the entire facility to New Hampshire finally
overwhelmed the company, causing them to go into Chapter 11 bankruptcy.
If I'm correct, Advent was subsequently purhased by Esmark, a big conglomerate
which also owns Jensen Audio.  The name may be the same, but the people
behind it aren't.

Meanwhile, Henry Kloss is happily making loads of money as president of
Kloss Home Video, another Cambridge-based company, just blocks away from
the original homes of AR, KLH and Advent.  His "Novabeam" video projection
systems are universally regarded as the state-of-the-consumer-art.  He's
more successful than Advent, because he's learned from his mistakes,
concentrated only on one market, and produced a very good product for that
market.