Kimball Sale of Bosendorfer Final

Billbrpt@AOL.COM Billbrpt@AOL.COM
Wed, 13 Feb 2002 11:26:58 EST


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List,

This news appeared today.  A look at Kimball's website reveals that Kimball 
has completely abandoned the piano or anything related to musical 
instruments.  They don't even make piano cases anymore the way they did for a 
while after stopping their piano production.

No matter what you may personally think about Kimball pianos, the fact is 
that what they built will be around for a long, long time.  Their back 
structures, pianblocks and soundboards were built for longevity.  The hammers 
and other action parts can be replaced and the backs can be restrung and even 
rescaled.

I'll bet nothing they build today will ever last as long as their pianos and 
they hope nothing will either.  Otherwise, there won't be a market for their 
products.  I hope Baldwin takes all of this into account because they have 
essentially run into the same problem.

Bill Bremmer RPT
Madison, Wisconsin
 <A HREF="http://www.billbremmer.com/">Click here: -=w w w . b i l l b r e m m e r . c o m =-</A> 

<<Kimball International Finalizes Sale of Boesendorfer Piano Subsidiary

  
JASPER, Ind.--(BUSINESS WIRE)--Feb. 13, 2002--Kimball International, Inc. 
(Nasdaq:<A HREF="aol://4785:KBALB">KBALB</A>) announced today that the company has finalized the sale of its 
Boesendorfer piano subsidiary, located in Vienna, Austria, to BAWAG-Bank of 
Austria. The pending sale, announced January 10, 2002, was subject to 
Austrian regulatory approval, which has now been received. The sale will 
result in a $0.22 per Class B share gain to be recorded in the Company's 
fiscal 2002 third quarter which will close on March 31, 2002. 

Kimball International, Inc. (Nasdaq:KBALB) provides a vast array of products 
from its two business segments: the Furniture and Cabinets Segment and the 
Electronic Contract Assemblies Segment. The Furniture and Cabinets Segment 
manufactures furniture for the office, residential, lodging, and healthcare 
industries and store display fixtures, all sold under the Company's family of 
brand names. Other products produced by Kimball on a contract basis include 
store fixtures, television cabinets and stands, residential furniture and 
furniture components. The Electronic Contract Assemblies Segment is a global 
provider of design engineering, manufacturing, packaging and distribution of 
electronic assemblies, circuit boards, multi-chip modules and semiconductor 
components on a contract basis to a variety of industries on a global scale. 

To learn more about Kimball International, Inc., visit the Company's website 
on the Internet at: www.kimball.com. 

"We Build Success!" 

CONTACT:  

Kimball International, Jasper 

Martin Vaught, 812/482-1600 

mwvaugh@kimball.com 

KEYWORD: INDIANA AUSTRIA INTERNATIONAL EUROPE 
>>

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