<!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN"> <HTML> <HEAD> <META content=text/html;charset=iso-8859-1 = http-equiv=Content-Type> <META content='"MSHTML 4.72.3110.7"' name=GENERATOR> </HEAD> <BODY bgColor=#ffffff> <DIV><FONT color=#000000 size=2>Mr. Ulrich and all,</FONT></DIV> <DIV><FONT color=#000000 size=2>    I read with = interest your comments on the "luxury" service that we provide withstanding = a recession.   I've been in business through three recessions = (late seventies, the one mid eighties, and the "worst economy in 50 years(?)" of the early nineties)  and we've found that the = worse the economy becomes, the busier we become repairing pianos.  Has anyone = else found this to be the case?  </FONT></DIV> <DIV><FONT color=#000000 size=2></FONT>    <FONT = color=#000000 size=2>Thanks for any input.</FONT></DIV> <DIV><FONT color=#000000 size=2></FONT> </DIV> <DIV><FONT color=#000000 size=2>Ted Rohde</FONT></DIV></BODY></HTML>