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

Showing 11 responses by linnlingo

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. 
Price drop for the Thiel Aurora wireless speakers. The Home originally $899 now $675. The Tour $599 now $475

. Get ’um while their hot.
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.
They made the decision a few years ago that lifestyle speakers were the future. That is consistent w/the current CEO in charge. They are in a show this weekend in Nashville. Thiel is the only electronics rep. Other vendors include upscale foot ware,  custom hats, trendy Jewlery and a business called Otis James they're known for making custom tweed bow ties. The one positive was whiskey tasting will also be there. So if your in the area get a Thiel Aurora Home for the reduced price of $675 a tweed bow tie to wear and a bottle of premium whiskey while listening to some tunes. 
The 4th Quarter is the most critical time in retail. The results should reveal what is going to happen w/this company.
The CEO mentioned that they would only make the speakers on a special order basis. There is no 3rd Avenue inventory.
Check out the Thiel Aurora review on the Thiel Facebook page by Mandy Gragg. Very amusing.
Jon 5912 She mentions a female CEO. Didn't Kathy Gornik run the business side for over 30 years?
Al Griffen of Soundstagenetwork.com had a review of the Thiel $899 Aurora Home Wireless speaker. Okay at normal levels but the top end tended to be harsh. He compared the Thiel w/the Naim Mu-so Qb and the $499 Riva Audio Festival both of which gave a wider presentation w/better more defined base. His final conclusion was the Thiel was overpriced for what it delivered. However he did like the looks.
The new floors standers and the monitor are pretty much gone. They are made to order. Looks like there are no takers. Thiel Facebook  and twitter have been very quiet since mid December. They were betting on the wireless speakers and it seems that they lost. Not a lot of current and former Thiel owners flocking toward the new products.