Perception of the Speech Code Revisited: Speech Is Alphabetic After All. We revisit an article, "Perception of the Speech Code" (PSC), published in this journal 50 years ago (Liberman, Cooper, Shankweiler, & Studdert-Kennedy, 1967) and address one of its legacies concerning the status of phonetic segments, which persists in theories of speech today. In the perspective of PSC, segments both exist (in language as known) and do not exist (in articulation or the acoustic speech signal). Findings interpreted as showing that speech is not a sound alphabet, but, rather, phonemes are encoded in the signal, coupled with findings that listeners perceive articulation, led to the motor theory of speech perception, a highly controversial legacy of PSC. However, a second legacy, the paradoxical perspective