Can you please tell me what input did you use ? Or did you try other inputs ? It looks like the signal is not "caught" or the signal is not sent stably.
Cheers !
Alex
p.s. Do you mean that when your CD player was turned off, the DAC signal light was still on ?
It is now about 6 a.m. Just got up. Stared at the DAC, left on overnight, with the other stuff all shut off. I still see the signal light, pilot light, however you call it, flickering every 15, 20 seconds. In other words, it goes out and comes back. I played music, the the music would go faded for a second and come back in. I was using Coax, which is the only input I use. I also switched power cords this morning, tho I thought wouldn't be necessary. Why? With all other gear shut down, the signal light still goes in and out, I don't think it's the DAC not catching the signal. It's some quirk "internal" at the DAC, and not external.
Oh, the signal is still on with all other input is shutoff; the DAC's power was not turned off. The signal light still goes in and out at idle (again, no other gear, DAC, preamp, power amp, CDP, is on).

I next will contact Bill.