Got an email from my tape supplier, Total Media, that follows:
"Hello,
As a valued customer of Total Media, I wanted to inform you that Quantegy (Ampex) Recording Media will soon cease production of all blank audio open reel tape. We are in the process of scaling down our existing inventory of open reel tape and there are no assurances of future product availability.
According to a recent memo from Quantegy, they will continue to accept orders from their distributors until February 28, 2007. They will evaluate those orders and where economically feasible, manufacture both audio and video recording media to fill those orders during March and April 2007. There is no guarantee they will be able to fulfill all the orders they receive.
They have also instituted an immediate price increase of as much as 20% on some items.
If you are going to need Quantegy open reel tape in the near future, I would suggest you visit our website http://www.totalmedia.com, enter with you id GW1206A and go to the +Audio > +Open Reel Tape section and place your order as soon as possible. Again, please understand we cannot guarantee availability or a shipment date. We will advise you accordingly.
As a Quantegy (Ampex) distributor for 17 years we deeply regret this news. Started in 1957 as Ampex Magnetic Tape, this fine company was a pioneer in both audio and video recording and they will be missed as a valued supplier.
As always, if there are any questions or if I can be of addition service, please be sure to contact me
Jerry Ghinelli
President
Total Media Inc.
295 North Street
Unit 5
Teterboro, New Jersey 07608
1-800-355-4400
1-201-393-8989
1-201-393-8977 (Fax)
jerry@totalmedia.com
www.totalmedia.com "
Is this BS? I thought Quantegy had been bought by Discount Tape Inc. from Peachtree City, GA and that they were going to continue manufacturing tape. Is Total Media trying to panic me into buying inventory? Or are they saying there may be a lapse in production and I should buy some now just in case? I have replied to the email and I'm waiting for their answer. But I thought I'd see what the "word on the street" was.
I got Total Media's reply:
"Hi Steve,
They did. Peter Hutt, however, left a few weeks ago and the company is ceasing production (once again) in April.
Regards,
Jerry"
