The following has been published on Waldorf site regarding the company's insolvency. it brings some hope at least.

"Insolvency

On February 4th 2004, insolvency requests have been filed against the companies TSI GmbH, Waldorf Electronics GmbH, and Waldorf Music AG.

Result of first talks between the management and the provisional insolvency manager is that the brand Waldorf should be kept alive with all developments and be repositioned on the market again. First discussions took place, but decisions about the concrete way or a definition on a certain investor/purchaser have not yet been made. Former employees are looking forward to the current development and have already signaled that they are willing to cooperate in a continuation of Waldorf.

I am looking forward to answering questions regarding Waldorf products and technology, and I will redirect questions regarding the insolvent companies to the insolvency manager.

I regret having to make this announcement, but I am quite confident that a solution will be found that allows me to continue developing Waldorf products in the future.

Stefan Stenzel
(former director of R&D, Waldorf Music AG)"

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