DISRAELI GEARS
So what is the Carmichael derailleur? It is a Joe’s derailleur without the small Joe’s sticker on the p-knuckle. That is, genuinely, the only difference.
Ingenuity Sports of Altadena, California bought the design (and possibly the Joe’s brand) and either wholly or partially rebranded it as a Carmichael product. It's possible that Ingenuity Sports ran both brands in parallel.
it is also noteworthy that all Joe’s, Rhino and Carmichael were fitted with Carmichael sealed bearing pulley wheels.
Ref. 2089