Baldwin's last gasps?

Dave Bunch pdtek@SoftHome.net
Tue, 24 Apr 2001 12:14:09 -0500


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They hired for CEO someone who knew the soap business, not pianos. She =
drove away the top people in the company, the stock plunges to $2.50. =
The largest Baldwin dealers write a scathing letter for her removal. =
Instead they give her a bonus and sevence package of 1 million. Very =
sad. See the article in the Trades.

Dave Bunch
  ----- Original Message -----=20
  From: Billbrpt@AOL.COM=20
  To: pianotech@ptg.org=20
  Sent: Tuesday, April 24, 2001 8:29 AM
  Subject: Baldwin's last gasps?


  List,=20

  It won't be long, mark my words.  This headline today from the =
financial=20
  markets:=20

  Baldwin Piano Announces Sales Fall Off and Liquidity Squeeze=20

  MASON, Ohio--(BUSINESS WIRE)--April 24, 2001--Baldwin Piano & Organ =
Company=20
  (NASDAQ:  BPAO ) today announced disappointing April sales trends and =
tighter=20
  lending terms from its primary lender, which, taken together, are=20
  exacerbating Baldwin's current liquidity situation. Baldwin is =
currently in=20
  discussions with its primary lender to address this situation in the =
near=20
  term....=20

  Bill Bremmer RPT=20
  Madison, Wisconsin=20

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