News

We received the following press release last night. No more information was available and there was no word when this story was first posted on whether or not Thiel cofounder Kathy Gornik will remain with the company. Since then, however, CEPro.com has reported that Kathy and her daughter Dawn Cloyd, who was director of international sales, will both leave Thiel. Why the sale? Our suspicion is that while Thiel remains a great brand, it is too small a company, with no access to a significant source of capital, to be able to compete effectively in today's market.

Slated to open in March 2016 in Nashville, TN, Thiel Audio's Aurora "Ultra-HD Streaming Studio" is positioned to merge the legacy of Thiel loudspeakers with the vibrancy and "wow factor" of Music City. Thiel's plan is to create a state-of-the-art venue where fans, specifically younger-generation fans, can unite with name musicians and emerging artists via live, interactive performances that are streamed in Ultra-HD video and lossless audio.

The quest for new speaker technologies has resulted in some novel approaches to the reproduction of sound, as witnessed by products announced in the last few years by NXThttp://www.nxt.co.uk/">NXT; and 1 . . . Ltd. (See previous">http://www.stereophile.com/news/10234/">previous story.) Some of Stereophile's readers may also recall that, back in May 1996, American">http://www.atcsd.com">American Technology Corp. shook things up in the audio world by announcing what the company described as its "breakthough" new technology, the much-debated HyperSonic Sound (HSS). This was followed up in February 1997, when ATC announced the introduction of its Stratified Field Technology SFT, which company literature touted as "a significant improvement over conventional loudspeakers."

On December 2, we posted an articlehttp://stereophile.com/news/120307samplerateconversion/">article; based on conversations with Benchmark Audio's John Siau, which described Siau's thoughts on the bit-transparency of later versions of iTunes. On December 9, Gordon Rankin weighed in with Wavelength Audio's thoughts">http://stereophile.com/news/121007fixes/">thoughts on the subject.

It has now been over a month since Mark Russinovich broke the story about Sony BMG's DRM software that installed root kit code onto consumers' hard drives—exposing infected computers to malware intrusions and reporting back to Sony's servers via spyware installed without consumers' knowledge or consent. Rather than growing stale, however, the story just keeps going and going as new details come to light almost every day.

For the first time in more than 10 years, individual investors have a chance to own a piece of one of the oldest and most recognized names in the American electronics industry. As of November 1, RCAhttp://www.rca.com/">RCA; officially came back on the stock market, when parent company Thomson Multimedia made a successful initial public offering of 21 million shares. The stock (NYSE: TMS) debuted at $22.62 per share and closed Friday, November 5 at $29.25.

Just about a month away, HI-FI">http://www.hifishow.com">HI-FI '98, The Home Theater & Specialty Audio Show, will interest thousands of audio enthusiasts when it visits The Westin Los Angeles Airport Hotel in Los Angeles, California from Wednesday, June 10 to Sunday, June 14, 1998.