<HTML><FONT FACE=arial,helvetica><FONT SIZE=2>In a message dated 7/27/01 12:10:07 AM Central Daylight Time, A440A@AOL.COM
<BR> writes:
<BR>
<BR>
<BR><BLOCKQUOTE TYPE=CITE style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">Greetings,
<BR> I have had two customers tell me today that they heard of Baldwin's
<BR>bankruptcy being announced today. Anybody got current information?
<BR>Regards,
<BR>Ed Foote RPT</FONT><FONT COLOR="#0f0f0f" SIZE=2 FAMILY="SANSSERIF" FACE="Arial" LANG="0"></BLOCKQUOTE>
<BR></FONT></FONT><FONT COLOR="#000000" SIZE=2 FAMILY="SANSSERIF" FACE="Arial" LANG="0">
<BR>There is no media news today, otherwise I'd have already put it on the List.
<BR>I have my AOL account programmed to send me any news about any piano
<BR>manufacturer from any of the news services. The last reported news was two
<BR>days ago, July 24. That was about two board member resignations.
<BR>
<BR>Baldwin is in Chapter 11 bankruptcy, that is not news. It happened a couple
<BR>of months ago. They are reorganizing. The recent inside news from Rob
<BR>Goodale was that they had large, unsold inventories of obsolete electronic
<BR>keyboards and pianos which were returned. I think they probably also have
<BR>large inventories of brand new pianos and maybe other products too.
<BR>
<BR>Since the market for them is so weak, they'll have to sell them for whatever
<BR>they can get. This should be an opportunity for some people who otherwise
<BR>could not get a piano, to get a brand new Baldwin. I also hope some of them
<BR>get to Cuba. Schools and churches in poor US communities should get them too.
<BR>
<BR>Bill Bremmer RPT
<BR>Madison, Wisconsin</FONT></HTML>