And hearing aids. dp David M. Porritt, RPT dporritt at smu.edu -----Original Message----- From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf Of Jack Houweling Sent: Friday, November 30, 2007 10:32 AM To: Pianotech List Subject: Fw: Steinway Stereo They also make watches. www.steinwaywatches.com Jack Houweling >>Hi All, >> >>Have a look here: >> >>http://www.pianoforte.co.za/steinway-lyngdorf.html >> >>Regards, >>Don Rose, B.Mus., A.M.U.S., A.MUS., R.P.T. > > Don, > > When the current owners (from the world of finance) bought Steinway > at what at the time was thought to be an unjustifiably high price, > thinking in the industry was that they were trying to get their hands > on the brand name so that they could license it to non-piano > products. There was no other way to generate the kind of return on > investment from a piano manufacturer that these people usually look > for. It looks like they finally got around to doing it. > > The Steinway family when they owned the firm were constantly > approached by manufacturers wishing to license the Steinway name for > other products - and they always refused. I guess CBS and then the > Birminghams had other ideas - or no idea at all, judging by the > disastrous results of their "stewardships". Considering the state of > today's piano market, this course of action is a real no-brainer for > someone with a background in finance. Assuming that "Steinway" still > has the kind of cachet that they are counting on... > > Israel Stein > > >
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