>
> George Horwath <[log in to unmask]> writes:
>
> > Interesting comments on the auction. Does anyone have
> > any details on exactly why they went belly-up? The blurb
> > I read in the ATOS newletter simply said they had a
> > zillion back orders, but no money on hand for payroll.
> > Didn't a group of two or three "businessmen" buy up the
> > (faltering) company a few years back? Was it so far gone
> > that there was no chance of turning it around??
>
> What I heard is that this was one more case of the unions choking the
> life out of a company.
>
>
> =============================================================================
> Edward L. Stauff, Nashua NH; [log in to unmask] *or* uunet!mv.com!gozer!stauff!ed
>         "Specialization is for insects." -- Lazarus Long
>

I had heard from one of their company exec's who is an organ builder, not a
 businessman, that the company was owed over three million in payments by
 various
instutitions that had bought organ and that they had installed them..ie
the last payment.  This was enough to choke their cash flow.. also it was an
 estimated 7 million in contracts that were waiting to be built.. How close to
 the
truth all of this is I do not know but it's what I've heard.

later folks


Kevin Douglas Chun, Curtis Organ Restoration Society, U of Pa.
[log in to unmask]

PS  We developed and sold Moller a MIDI system and that project went belly
up went on of the inventors was mugged to the point of not remembering
parts of the project...I guess the hardware is now lost to the auction unless
anyone out there knows where it is.. all it needed was the final bits of
the soft ware written.  (BTW this system was developed in 1988 and was one og
 the earliest full duplex MIDI systems to control a pipe organ..