's robert levine cabletron

FINRA did not respond to a request for comment, while a spokesman for Bank of America Merrill Lynch declined to comment. ", Johnson said the decision to bring Reed on board will help the company The 50,000-square-foot mega mansion, which Levine built after retiring from tech in 1997, was designed with the tech moguls unique style in mind, according to the New York Post. But with analysts predicting that sales could skyrocket as high as $170 million next year and more competitors streaming into the computer-networking market, Cabletron may start bumping up against the limitations of its rebellious style. Cabletron expands sales channel - CNET Benson once spied an 18-person meeting going on. In his place was his handpicked successor, Patel, who joined Cabletron when it bought his California networking company. Woe to any who break the Cabletron Commandments: always fill up a rental car; don't make long-distance calls through hotel operators; never tip more than 15%; and observe strict ceilings on hotel and meal spending. Jaeger's attorney did not return phone calls, Patel's attorney declined comment, and Kirkpatrick's attorney, Lucy Karl, called Spence's statements "recycled poppycock" made in order to help her motion for an early termination of her supervised release, which Spence was granted two days before Christmas. At the time, Levine worked as a senior fellow in the division of cardiology of Mt. Ex-Cabletron exec reflects: 'Why didn't I speak up?' Robert Levine - The Martha's Vineyard Times For more details on our payment terms and how to cancel, click here. Chris Ratcliffe | Bloomberg | Getty Images. "I never had anything to do with Asia. I got stung. The new owner will be able to reap the benefits of the current owner acquiring the land and approvals as well as constructing the improvements and will be able to hit the ground running with a turnkey estate that is all about living life and creating memories, Nobrega and Scrivens said. Got a confidential news tip? The company was an early manufacturer of ethernet and other networking equipment necessary to make the internet. It's fair to ask, though, whether Levine might grow increasingly militant as the company becomes harder and harder to push around. The company also developed a reputation for its advanced SPECTRUM network . Get the latest tech stories from CNET News every weekday. [1] As manufacturing and design operations expanded, Cabletron relocated to Rochester, New Hampshire, employing 6,600 people at its peak. "I think I am an asset to any company who has the desire to go public or who is currently publicly traded. Cabletron's Chief Executive Plans to Step Down Sept. 1, https://www.nytimes.com/1997/08/07/business/cabletron-s-chief-executive-plans-to-step-down-sept-1.html. "That's where the growth is right now.". The individual defendants, Craig R. Benson, S. Robert Levine, David J. Kirkpatrick, Christopher J. Oliver, Paul R. Duncan, Donald F. When customers called with problems, the only available equipment required shutting down the computer network -- testing customers' patience and often costing them money. Nynex and was going to bring to Bell Atlantic.". Cabletron | Article about Cabletron by The Free Dictionary Last year the company fired more than 10% of its white-collar employees. But by the summer of 1984, Cabletron had moved into a 4,000-square-foot office in Ashland, Mass. "You gotta help me," he pleaded to Benson. Analysts said Levine's resignation will mean that Cabletron can now concentrate its efforts on regaining the market share it has lost in recent years. 'Oh yeah, take all the time you need.' Inside salespeople develop and qualify leads, then make appointments for the outside salespeople, who are, notes Levine, "the most expensive people I've got." Simply enter the email address you used to create your account and click "Reset Password". ", When it all began, she said, "it was a noble thing to do. And then she added, with angst still in her voice, "Why didn't I speak up?". Robert Levine can be an acting professional, known for The Uncles (2000). They pose with Robert's motorcycle. Definition of Cabletron | PCMag Mr. Levine and Mr. Benson were furious. Robert Levine was born in 1954. "It can happen within 24 hours.". Levine thinks it's from someone he fired. The Martha's Vineyard Times. He shared the title of Inc. Magazines Entrepreneur of the Year with his co-founder, Craig Benson, in 1991. Official US Coast Guard photo, gift of Jeffrey and Mary Cole, from the . Former Enterasys CFO Bob Gagalis is still serving an 11-1/2 year term. While that doesn't prevent get-togethers, both Levine and Benson argue that it does keep meetings to an average of 20 minutes or less. Or, swept away by its continued growth, it may lose its edge. Cabletron was founded by S. Robert Levine and Craig Benson. Levine and Benson also pay well. They were not at liberty to discuss the sellers further. And hardly any of them delivered it in less than six months. That's an important role, so I hope they find somebody to fill that function. Do Not Sell or Share My Personal Information. That's all I've ever seen," said Levine. in the industry," he said at the news conference. In an exclusive statement, Levine said: I can't believe she is gone. They received the spreadsheets that were maintained. Cabletron, and then Enterasys, would "lend" money to small companies that used it to buy Cabletron or Enterasys equipment through a third-party distributor. "But we have to preserve the spirit.". Theyre [the owners] all about creating experiences, and because were in Colorado, that Western theme came through, Scrivens told The Post. The officials she testified against and helped convict got even more time. Back then, Cabletron was not only the biggest thing in town, it was the biggest employer in the state. Look closely; it's not Levine. ATTN: Tax Department, 35 Industrial Way PO Box 5005, ROCHESTER, NH 03867; United States; Inactive Directors / Officers. His 67-foot Hatteras is named Soldier of Fortune. Six months later they had developed two products: one tested the cable, the other tested other network equipment. We've received your submission. He is a male registered to vote in Eagle County, Colorado. That particular project engineer also happened to be the chairman of the company, though he didn't advertise it. The company could have grown at 10% a year simply by becoming unbeatable in cable delivery, its original niche. It starts with the muscles. After two years at McAfee, Ken became CEO of Digital Guardian. Benson and S. Robert Levine founded Cabletron in 1983 and moved it to New Hampshire in 1985. He got to spend a week on Levine's boat, resting. . And "if you use a flip chart, you don't belong here," he says. Levine, more interested in lifting sales than morale, was hard on them. FINRA arbitration is not a public forum and is used as an alternative to litigation or mediation in order to resolve a dispute. " Welts doesn't worry as much anymore. S. Robert Levine. - Free Online Library - TheFreeLibrary.com Get this delivered to your inbox, and more info about our products and services. Stuart Robert Levine's Colorado Voter Registration. People also asked Is this management by fear? An 8.5% unemployment rate and space at $1.40 per square foot. Disappointed in one of its suppliers, the company began to shift its focus from distribution to manufacturing in 1986. Reed was named president and group executive of Nynex in January 1995. With their go-ahead, Oliver handed out 100 transceivers for testing. "It grew fast. In 1985, Cabletron was moved from Levine ' s garage to New Hampshire in order to take advantage of a lower tax rate and less expensive labor force. C T Corporation System, agent, 4 Sep 2000 - Michael D. Myeraw, secretary, 19 Jan 1990 - S. Robert Levine . Between 1987 and 1988, sales shot up more than 160%, from about $9.5 million to almost $25 million. ``Ill have time to meet with more employees and customers than in the past, Benson said in a phone interview. That was why a shortened quarter (because Enterasys was changing its fiscal year) of one month in September was so crucial. And The VAR Guy loved writing about the duo. And there was Levine, who, as a kid, shot birds because they woke him up with their chirping. Charles Kenahan Lawsuit - The advisor involved is Charles Kenahan, according to FINRA's BrokerCheck. He runs into his office and, sidestepping some dumbbells, grabs a shirt that is hanging from the ceiling. The problem, said prosecutors and a jury agreed was that the deals were primarily done to increase the company's sales before the quarter, and that auditors were not told about the connection between the loans and the revenue. The Ariel deal.". For four years Levine had worked as an independent sales representative for such firms as Hercules Corporation and Insilco Corporation, selling cable, power supplies, and electronic equipment to various companies throughout the northeastern United States and Canada . Cabletron, R.I.P. | Light Reading Fine, Levine would say. ''For a year or more, they've been revamping sales and marketing, and as they got more professional management, I think these guys bridled more at Bob Levine's style,'' said Paul Johnson, an analyst with Robertson, Stephens. The Allied Campaign in Italy, 1943-45: A Timeline, Part One Electronics The daughter of a lobsterman who later went on to work at the Rochester General Electric plant, Spence was a high school cheerleader pursuing a degree at UNH. He will be. "The thing that has made us different," he says, rising to his feet, "is that we are absolutely fearless.". 2400 Casteel Creek Rd, Edwards, CO 81632 | Zillow Share. <br><br>Robert was the loving son of the late Charles and Mary (Reid) LeVine and grew up in Dorchester. Patel, with Benson's approval, engineered the breakup of Cabletron into four companies, the largest being Enterasys. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. That's not so easy, given that Cabletron -- like Levine -- can't sit still. She never finished school and went to work, ending up working for a Rochester travel agency that managed the Cabletron account. In a company press release, S. Robert Levine, the president and chief executive officer, said these results represented Cabletron's "thirty-second quarter of consecutive record growth, the strongest and steadiest earnings growth rate among all S P 500 companies." Its very playful and all about discovery.. As Levine got orders he spooled off the appropriate footage and then called on Benson to perform the delicate task of stripping off the jacket, bending back the foil, and crimping on the connectors. They also had manufacturing facilities in Ironton, Ohio, and in Ireland. In 1983, Levine founded Cabletron alongside Craig Brenson the company was an early manufacturer of ethernet and other networking equipment necessary to make the internet. Anyone can read what you share. There are two Wild West guest suites, one with a pretend prison. Guest accommodations also include a caretakers home, a non-West-themed guest suite and three guest houses, according to the Castle Creek Retreat website. Call Them Nasty, or Tough. But Call Them Millionaires "His valuation was ludicrous, but I didn't mean to soak him," says Levine. All rights reserved. Gayle Spence said she asked David Kirkpatrick, then chief financial officer of Cabletron Systems, at the time in 2001 when the Rochester company was spinning off Enterasys Networks. Gibney, founder and CEO of eCoast Sales So "I'm going to bury him on Saturday. It doesn't feel like there are 1,300 people here. CABLETRON SYSTEMS, INC. :: Indiana (US) :: OpenCorporates Levine, who founded the company One of the rooms is a retro-style ice cream parlor with marble countertops and sleek cone and topping holders on the table. News Analysis Light Reading 8/6/2001. Analysts said Mr. Levine's departure was not entirely unexpected, in part because of Cabletron's disappointing performance recently and because his unconventional management style was less suited to a nearly $1.5 billion company than to a start-up. Meanwhile you can send your letters to ATTN: TAX DEPT., P.O. Founder and CEO of networking hardware maker Cabletron, S. Robert Levine, will voluntarily step down. Nynex, was appointed to fill the chief executive slot. He soon found out why. When he came back to them with a prototype, Levine and Benson responded appropriately. Coalesce's Select Membership is no longer active. CABLETRON SYSTEMS, INC. in Jackson, MS | Company Info & Reviews S Robert Levine Profiles in CT, DE, MA, NE, NH, and NV - Bizapedia The estate also has a full-on Western town setup, including a sheriffs office, a working old-timey gas station (pumps gasoline and diesel) and a Silver Dollar saloon based on the historic Silver Dollar Bar in Jackson Hole, agents said. But, insists Levine, "it was because of our next move that we really took off.". Levine's perennial short sleeves strain against his imposing biceps, trophies of a decade and a half of daily weight lifting. But battering the company into submission won't work. Reed said he made the choice to join Cabletron within the last two It's fake. Cabletron started by making 5 a month; by 1986 it was up to as many as 50, and testing constituted 15% of revenues. The amenities lodge is attached to an indoor sports field primarily used for baseball, said the listing agents. It was like nothing could go wrong for so long, and then all of a sudden we hit that bump.". For one, Levine was still representing other companies for a living; for another, Cabletron was losing $20,000 in its second year. The recipient of the settlement is Robert Levine, co-founder of one-time network equipment maker Cabletron Systems, according to the sources. "When we do, we optimize them by making them three times more effective.". Levine had a habit of wearing ostrich-skin boots and once used an armored tank to chase away a pizza delivery worker. Three-corner deals became a big deal up to and during the launch of Enterasys. He must have felt like he was drinking from a fire hose," she said. "By the time he realized there was something wrong, he had already signed his name too many darn times That guy came in the door and had weeks before we went public. Levine was used to selling, and that was what he wanted to focus on. Levine, 32, likes to confound expectations. Former pro hockey player sells Aspen home for $55M By 1989 Cabletron's factory was fully automated. "very open and very customer-focused. "People said, 'This is exactly what we need," recalls Oliver. Cabletron Systems - Wikipedia When the company wanted to open a factory outside New England, representatives talked to a dozen economic-development boards before settling on Ironton, Ohio, on the border of West Virginia. "Their eyes lit up," Oliver recalls. The deal with the China-based company closed on Aug. 31 to make the quarter, but two weeks later the Rochester office contained problematic terms that prevented it from going through. Cabletron has been known for its modular . "We've written our own rules from day one," he adds. In 1987 Levine was dissatisfied with a consultant Cabletron had hired to beef up business abroad. Some 4,000 people applied for the first 50 jobs. I can always stay a few minutes later. Started in a Massachusetts garage by Craig Benson and Bob Levine in 1983, the company moved to Rochester, and became one of the biggest players in the emerging networking industry. As she told that business class at UNH: "You need to trust your judgment, to follow your gut. Cabletron reported fourth-quarter earnings of $60.3 million, or 39 cents a share, for the quarter ending February 28; that compares with a net loss of $7.5 million, or 5 cents a share, a year ago. Beyond that, though, they were helpless. Actually, not many of the employees stuck around for long. The Dead Tech Company I Miss Most - Channel Futures year-and-a-half ago and coaxed him into bringing aboard his experience in national and global telecommunications. It would be wrong to present Bob Levine's need for speed as simply a strategic imperative. One way Cabletron keeps the staff small is by giving employees enormous autonomy; for example, salespeople have lots of latitude on pricing. The house itself is a stylish mansion full of glass and stone. Could it be the beginning of a bureaucracy? In 1993, Spence went to Levine's office, expecting to make travel arrangements when she was told she was there for a job interview. Spence's second chance started in June 2009. It also happened to be when terrorists flew jumbo jets into the World Trade Center and Pentagon, not only killing thousands of people, but also disrupting the nation's economy and information system. Leading commentary by award-winning journalists. Levine Robert - Previous President for Cabletron Systems, Inc. She moved back home in July 2009. . Don has contacts that will open doors for us that have never been open before, Levine said. But, he notes, "I know what will happen if I relax at all. Robert Levine Stood Strong by Mary Tyler Moore's Side - People Cabletron was founded by S. Robert Levine and Craig Benson. networking hardware company will be September 1, according to company executives. The company's two founders, chairman Craig Benson and chief executive Robert Levine lost a whopping $605m of their combined net worth, according to a Reuters report. Benson urged him to ease up. In this case, Merrill Lynch decided to settle after the final hearing. In 1983, Benson and partner Robert Levine started Cabletron Systems in Levine's garage. In a memorandum to the company's work force on Jan. 10, Mr. Levine said the bank's automatic teller machine at the Cabletron headquarters had been disconnected. As generous as they are about firing, Levine and Benson are stingy about adding people -- "I don't even ask anymore," says Casson. public effort to promote and develop the information infrastructure. Cabletron's uniqueness goes beyond moving faster than most companies to fill orders. But aside from that, there was more commonality than differences. Analysts had expected 50 cents. The Massachusetts People would say, 'I don't want to do that,' and they would say, 'You find a way to make them do it.'". "There will not be a beat missed during the process.". Profile of this year's Entrepreneur of the Year winners. Benson had his doubts. While she was in a halfway house in Manchester, she already had a consulting job, and she was interviewed there for a technology-related job at a Massachusetts firm, where she is now vice president of sales and director of technology services. The current status of the business is Inactive. Benson, 42, will continue as chairman, focusing on strategic company issues, while giving day-to-day responsibilities to Reed. to leave the company about two years ago. Pictures | Getty Images", "Riverstone Information for Creditors and Investors", "Extreme Networks Announces Purchase of Enterasys", https://en.wikipedia.org/w/index.php?title=Cabletron_Systems&oldid=1146091557, Networking devices, ethernet products, switches, routers, software, Global Network Technology Services (also known as GNTS) of, This page was last edited on 22 March 2023, at 18:47. "At some point, we'll need more layers," says Benson. He'd say, 'Welts, we have to talk.' History. The Post attempted to reach Robert Levine, 63, for comment. "I've never run a multibillion-dollar company beforeI grew up in Cabletron. Last summer, for kicks, he chased a pizza-delivery boy, and the following day while "four-wheeling in the woods," he ran smack into a tree.

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