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Doublereed Archive - Posting 000084.txt from 2006/12

From: "Dave Metzger" <dave_metzger9@-----.com>
Subj: Re: [DR-L] Woodwind Brasswind
Date: Thu, 21 Dec 2006 00:47:32 -0500

Musician's Friend had the high bid until last Friday when Steinway Musical
Instruments bid $40.5 million.

Dave

>From: herb fawcett <herbgosia@-----.net>
>Reply-To: doublereed@-----.org
>To: "doublereed@-----.org>
>Subject: Re: [DR-L] Woodwind Brasswind
>Date: Wed, 20 Dec 2006 11:50:36 -0800
>
>I sincerely hope to see WWBW again. I have bought three bassoons from them
>and many of my students and colleagues have also enjoyed doing business
>with
>them. The price is right and the response is reliable. Sorry the ugly face
>of modern law reared its head and ruined a good deal for the rest of us.
>I'll bet the lawyers made a bundle.
>Herb
>
>
>On 12/19/06 10:27 PM, "Dave Metzger" <dave_metzger9@-----.com> wrote:
>
> > From www.mmrmagazine.com:
> >
> > The demise of the South Bend, Ind.-based dealership, which booked 2005
>sales
> > of $136 million (down from $145 million in 2004), appeared to stem from
>the
> > outcome of a lawsuit involving former minority partners Stephen and
>Richard
> > Zapf. The Woodwind & The Brasswind had acquired Philadelphia-based Zapf
> > Music Stores, Inc. in 2002, with the former brick-and-mortar business
> > becoming the Internet-only marketer Music123. While Music123 prospered
> > following the deal with sales escalating from $20 million to $58 million
> > annually over the next three years, the relationship between the Zapf
> > brothers and Woodwind CEO Dennis Bamber soured, and both Zapfs were
> > terminated in 2004. The Zapfs then sued, Woodwind countersued, and the
>court
> > found in favor of the Zapfs in September to the tune of $9 million. In a
> > report published in the South Bend Tribune, Bamber said the bankruptcy
> > filing was necessitated to protect the company from the outcome of the
> > lawsuit. The court filing also cited the costs involved with closing a
>New
> > Jersey distribution facility and the opening of a new distribution
>center,
> > as well as an $800,000 expense related to software licensing and
>upgrades.
> >
> >> Richard Ramey wrote:
> >>> This interesting bit of news was sent today on the contrabassoon list.
> >>> Does anyone know what the lawsuit, mentioned in the press release,
> >>> concerns?
> >
> > Get live scores and news about your team: Add the Live.com Football Page
> > www.live.com/?addtemplate=football&icid=T001MSN30A0701
> >
> >
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> >
>
>
>
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Dave vs. Carl: The Insignificant Championship Series.  Who will win?
http://clk.atdmt.com/MSN/go/msnnkwsp0070000001msn/direct/01/?href=http://davevscarl.spaces.live.com/?icid=T001MSN38C07001

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