More Bad News AT Thiel

Bill and Lew at CJ did it right. Sold the operation to Jeff Fischel who is w/the company for 30 years. Now plenty of new products are coming out consistent w/the CJ brand. On the Thiel article Dennis Crosson the Chief engineer at Thiel stated on his Facebook page that Thiel has ceased operation. The CEO has denied this. Wonder what is true. 

Next phase generally means "selling brand". Optima purchased NuForce. Maybe Optima wants to get into the speaker business

Thiel traditionally shuts down for a few weeks this time of year so it's possible they are planning to open back up but it does seem that they let their chief engineer go.  He was only with the company since 2014, though, so he's not really a Thiel guy. 

The CEO is a joke.  Judging by the facebook page she's trying to sell $700 mini speakers to trendy women.  We all know how chicks love gadgets.

Well said jon_5912. This news seems to make my 1986 Thiel CS 2's more special. I would believe the chief engineer over the CEO. Closure headlines should not be far off.  
The new Thiel management has made decisions I think are typical of the cold, unimaginative corporate guys I used to work for. They appear to know nothing about the concept, nature of a brand in history and going forward. Produce a speaker line that does not resemble the venerable products designed by Jim expecting the consumer to fall in line to buy because they bear the Thiel name.   
 

Definitely a sad turn of events for one of the most highly regarded high-end audio companies to have come down the pike...

Unfortunately, the history of this industry shows time and time and time again such entities rise up through the force of character of visionaries like Jim Thiel, but their descent comes just as quickly and sharply once that person no longer steers the ship