benadrian wrote:We made some calls here at work. According to John French (JRF magnetics), Quantegy is closing to file chapter 11, clear their debts, and restructure. From what we hear, they should be open in 5 days with half the workforce being laid off.

So it looks like they will be making tape again, but the supply chain may be a bit slow for a while. Still, don't pay stupid money for tape at the moment.

cheers,
ben adrian

dave-sidca wrote:If that's how they treat their staff, it makes me a tad reluctant to give the cunts any more of my money.

Edward wrote:

dave-sidca wrote:If that's how they treat their staff, it makes me a tad reluctant to give the cunts any more of my money.

What is demand like for their product? I'm not aware of the economics but if analog tape is being pushed to the side more and more every year by digital recording, they can't stay above water (and keep the same staffing level) forever.

In the recent days, it has been reported that the Quantegy factory has shut its doors and ceased production. I have received many phone calls aksing for more information on the situation. At this point, it has been very hard for me to seperate the facts from fiction, but this is what I know is true.

1.) Quantegy has closed their doors, and has temporarily layed off their staff pending restructuring.
2.) Quantegy has NOT filed for chapter 11, as reported in many articles.
3.) Plans are in place to restructure the Opelika facility, to produce profitable tape lines and hard drives, possibly under a new brand name.
4.) Last year, Quantegy audio tape sales alone reached 14M, with total sales of around 30M.

I got my information almost directly from the President of Quantegy. The President of Quantegy sent a message to US Recording Media, who is the largest seller of tape in the country, basically saying what I said above.

superbee wrote:it's the tape drought of 2005.