More Bad News AT Thiel


According to Ted at Strat-Ta-Gee.com Thiel is on the verge of closing. According to the Chief Engineer who was let go Dennis Crosson Thiel is done. Upper management has denied this and stated they are planning to move into the next phase. Very confusing. Looks like Classe all over again. Very interesting article on what's going on.
linnlingo
Wouldn't make sense for Bryston. They have their own line of speakers that are doing quite well. I've met Gary Dayton a few times when he was doing demos at my dealers store. He's totally committed to Bryston w/no interest towrad Thiel.

Yep,

The brand "Thiel" grew in prominence due to a specific, and generally rare, approach to loudspeaker design. The whole cache of that name was from the fans who appreciated that particular design. The idea of taking over the Thiel name to abandon the design and produce just another "me-too" speaker, expecting to benefit from the Thiel name is sheer insanity.   (Actually, the word for this case is "ignorance" as anyone could see from who bought the company and interviews with those folk).

It’s like buying MBL and abandoning the Omani-directional technology to produce cookie-cutter life-style box speakers.
I had great respect for Jim and his speakers, and I got to speak with him at length years ago and he was a true gentleman.  I just can't understand why he didn't groom someone else to take over to grow his legacy into the future and avoid this exact situation from occurring.  Unless maybe the business was suffering and no one was interested?  Sad all around. 
Jim's wife Kathy Gornick handled the business end from the very beginning, and did so rather well! Jim's brother Tom was an instrument builder was involved early on in the cabinetry, but left some time ago. Jim and Kathy' s daughter Dawn was involved in the business end as well. The economy and market conditions (Jim died in 2009) were getting more challenging just as Jim's health began deteriorating. Jim was a uniquely talented man, and as time has proven not easily replaced.