Absolutely, but with some serious qualifications. The company has discontinued all of its headphones (unprofitable) so don't expect any support. I purchased 3 pairs of their last top-grade model, the Backbeat UHP616 ULTRA. It has a distinctive look because of an extra "safety cable" attached to the cap of the phone. They employ an armature, which usually means high accuracy but non-prominent bass. I loved their crisp, accurate, natural sound and found the bass "true" and not artificially boosted. However, after 4 weeks the caps came lose from the phones, leaving the phones dangling by a single thin cable. (I've had the same problem with JBL J22's).
Did the company forget the glue? Did they assume no adhesive was necessary?
Anyway, I Gorilla-glued them back together. I didn't like any of the included silicone tips and wound up with Ts-Comply tips for them.
My personal favorite Altecs go back to 2009. They're the Altec UHP 326 Backbeat phones with the distinctive grey cloth case. Mine are still going strong, sounding better than ever. The complaint that the cloth cable picks up microphonics is way overdone, imo, though I don't use them for jogging.
Herre another way of finding good-sounding Backbeats: Look for recently released Backbeats by Plantronics, which temporarily bought out Altec's earphones business. I've picked up nice-sounding ones in the 200 line for ten bucks.