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Thread: Steinway on the rocks?

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    Senior Member KenOC's Avatar
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    Default Steinway on the rocks?

    NEW YORK, Dec 26 (Reuters) - Steinway Musical Instruments Inc, the famous manufacturer of pianos, saxophones and trumpets, said on Wednesday it had decided not to sell itself following a 17-month-long exploration of strategic alternatives. An American icon synonymous with handmade grand pianos, Steinway has struggled to keep its production margins competitive amid stagnant sales, and has seen its shares plunge 10 percent year-to-date.

    http://www.reuters.com/article/2012/...8NQ8QB20121227


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    I thought something might be brewing.

    "He(Messina) was replaced by Sweeney....former president of Starbucks Coffee Company (UK) Ltd."

    Additional info re building and land...

    http://www.nytimes.com/1999/05/30/re...-buys-its.html
    Last edited by Vaneyes; Dec-28-2012 at 01:48.

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    Senior Member Lunasong's Avatar
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    I agree that China is a terrific market for Steinway. I attended the Wold Choir Games this summer and the Chinese choirs were collectively of higher quality than any other nation. China is a musical comer.
    Then again, the point is valid that, for status- conscious consumers, you can't see a Steinway on the streets (like a Ferrari).
    "To be a musician is a curse. To NOT be one is even worse." Jack Daney

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    Re pianos on streets...maybe not too far off.

    Attachment 11556

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    Senior Member KenOC's Avatar
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    Quote Originally Posted by Vaneyes View Post
    Re pianos on streets...maybe not too far off.

    Attachment 11556
    Looks like a demented exercise machine...


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    Senior Member Rasa's Avatar
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    Quote Originally Posted by KenOC View Post
    Looks like a demented exercise machine...
    All pianos are.
    I can't play Debussy étude

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    Junior Member cmudave's Avatar
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    Quote Originally Posted by KenOC View Post
    Looks like a demented exercise machine...
    Nothing so...futuristic...but I had the chance to play this marvelous limited edition Steinway after a recital last fall. Beautiful instrument, beautiful sound. I am biased towards the Steinway as an instrument and sincerely hope that the company rebounds.

    4204 sampleD (Blur-Sat).jpg

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    Senior Member EddieRUKiddingVarese's Avatar
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    It will be a sad day
    "Everyone is born with genius, but most people only keep it a few minutes"

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