Followup to “End Of An Era?”
A few of weeks back I posted this story about the closing of the only remaining open reel tape manufacturing plant in the US.
There is an article on SPARS that is an inteview with Quantegy President and Chief Executive Dick Lindemuth. The Reader’s Digest version is that they have resumed limited production, are going through Chapter 11 reorganizaion and plan on continuing operations.
To paraphrase Twain, “The death of open reel tape has been exagerated.”
January 29th, 2005 at 12:07 pm
I was just asked my opinion about the “death of tape” by someone last night.
I told him that as soon as the demand drove prices up enough that someone would start to produce tape again, but, like the new Telefunken microphones, to be prepared for
“sticker shock”
The Quantegy honcho mentions a price increase of ten percent or so to make it possible to go back into production
What do you bet that the actual increase will be more, and that fewer people will be employed at the plant that makes the tape?