Some, like a special wall plate that allows customers to plug phone wire in one end and coaxial cable in the other, have gone from consumer suggestion to prototype in just six weeks. Some important details were learned along the way: there were few qualified electricians who knew, for instance, that the cable had to be guided away from fluorescent lights, which caused distorting static, and looped carefully so as not to impair the signal. Perhaps the most stunning and understated amenity is a 200-foot steel viewing bridge over the forest. The Dead Tech Company I Miss Most - Channel Futures 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. That is, until the activist investors started swarming. Ex-Cabletron exec reflects: 'Why didn't I speak up?' Data is a real-time snapshot *Data is delayed at least 15 minutes. You never really even have to leave the estate to have fun. [1] As manufacturing and design operations expanded, Cabletron relocated to Rochester, New Hampshire, employing 6,600 people at its peak. ATTN: Tax Department, 35 Industrial Way PO Box 5005, ROCHESTER, NH 03867; United States; Inactive Directors / Officers. Stay in the know. Founder of Cabletron Systems, an internet networking company in New Hampshire that once rivaled Cisco, but went belly-up, owns this house. "On the eve of Thanksgiving, she regurgitates an old allegation, giving new meaning to the phrase an old stuffed bird," Karl said. So the employees wanted $8 an hour? ", When it all began, she said, "it was a noble thing to do. ", A refreshed look at leadership from the desk of CEO and chief content officer Stephanie Mehta, This site is protected by reCAPTCHA and the Google. Follow-Through - Forbes Stuart Robert Levine (born 1958) is listed at 25 Casteel Creek Rd Edwards, Co 81632 and is affiliated with the Colorado Republican Party. It's a good thing too, because there wouldn't be anyplace for them to congregate. That's no surprise since Palermo is the largest city in Sicily and one of the largest in Italy. Reed will resign from his post as president and group executive for It consists, he says, "of a couple of people with no real responsibility for anything. . Though orders picked up at the rate of two or three a week, Levine did not expect much from Cabletron, and with good reason. Unique features from hacker profiles to portal watch and video interviews. The buddy with him got 17 stitches. More than a decade ago, Bob Levine's high school classmates voted him "Least Likely to Succeed." In 1992, a different group of peers voted S. Robert Levine, president and CEO of Cabletron Systems, Inc. magazine's "Entrepreneur of the Year," an honor he shared with Craig Benson, the company's chairman. When to go. Cabletron Systems, Inc. Inactive 1988 20 President Excel Connections for Levine Robert. I was not going to act like I did not do anything wrong.". 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. Then the carefully slicked-down hair and the gleaming wire-rimmed glasses give way to something slightly more, well, menacing. In charge of this transition were Patel, Kirkpatrick and Jaeger, who came from Ropes & Gray, Cabletron's law firm. One of the rooms is a retro-style ice cream parlor with marble countertops and sleek cone and topping holders on the table. What began as a part-time venture in a garage evolved into a billion dollar company by 1996. "With those three people, the culture changed," said Spence. In 1988 the company earned the #7 spot on the Inc. 500, our ranking of the fastest-growing small private companies. When 39-year-old Cabletron co-founder Robert Levine retired in 1997, newspapers called him eccentric he did, after all, wear ostrich-skin boots and chase off a pizza delivery boy in his armored tank, as he told it but he was just getting started. Levine and Benson identified a couple of good candidates to run foreign operations and, in June, traveled to the United Kingdom. Benson would later have to tell him he couldn't afford it. "At some point you get big, and that's the way it is. Moving fast isn't just an internal magic trick; all the small speedy touches -- and the fat margins -- combine to create an entire company that responds quickly to external shifts. PDF United States District Court for The District of New Hampshire Order . Atlantic--expected within days, pending FCC approval--and said he He shared the title of Inc. Magazines Entrepreneur of the Year with his co-founder, Craig Benson, in 1991. Stuart Robert Levine's Colorado Voter Registration. Within five years he had lost a whopping $3 million -- getting out of personal bankruptcy only by selling some of his Cabletron stock as part of the IPO in 1989. Why, Oliver wondered, couldn't we incorporate several light-emitting diodes so that users could do more of their own troubleshooting? US 1st Circuit Opinions and Cases | FindLaw Cabletron CEO to leave - Aug. 6, 1997 - CNN Business The final chapter in Cabletron Systems Inc. 's (NYSE: CS) rocky history was closed today as the company completed its name change and the . The Nynex executive has been negotiating his company's merger with Bell Two hours later Benson joined up. Please update your billing information to reactivate your membership. ", At the news conference, Levine said he will stay with the company until November to assure a smooth transition. They also had manufacturing facilities in Ironton, Ohio, and in Ireland. Reed was named president and group executive of Nynex in January 1995. Levine, co-founder of Cabletron, is a pioneer computer-networking magnate noted by Forbes magazine. No revelation there. "I just wanted to get rid of the stuff," he says, "but people really appreciated the fast delivery.". Where is Robert Levine New Hampshire what is he doing after cabletron One had not even started yet. As for the terms, they were taken out, but then included in a side letter. At sales meetings, reports Kenneth Levine, it's standard to conduct private polls on who will go next. Merrill Lynch pays $40M to Cabletron co-founder after alleged - CNBC Cabletron's 105-member technical-support staff vows to return all calls within an hour. Or, swept away by its continued growth, it may lose its edge. Early life and business career. Cable magnate proposes public-private land swap | VailDaily.com Not part of Spence's "big three" is Craig Benson, the co-founder of Cabletron and former one-term New Hampshire governor. 'Oh yeah, take all the time you need.' Building a sales team, of course, gets expensive. "There is going to be another structure, and Bob and Craig know that," says Jim Sims, who also serves as a director of sales. Cabletron doesn't waste any time deciding whether to make the products its customers suggest. I should have watched that over and over again because it was corporate greed it at its best.". As a test, Levine told telemarketers to ask customers ordering cable if they were interested in having Cabletron do the job. At Danbury, most of the women were drug offenders, but Spence taught English and got to know the inmates. Cabletron's profits may be fat, but salespeople live under scrawny conditions. They said the case went to a final hearing in front of an arbitration panel before Merrill decided to settle. -. 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. Former Enterasys CFO Bob Gagalis is still serving an 11-1/2 year term. By signing up, you will receive newsletters and promotional content and agree to our. Now that I have your attention'". Cabletron's success, thus far, has been built on knowing what it isn't; now it must define what it is. Back in 1984, when local-area networking was still new, customers asked for recommendations about whom they should have install it. 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. In all 126,000 square feet of Cabletron's headquarters, now in Rochester, N.H., there is not even one meeting room. At Nynex, Reed is being replaced by Morrison DeS. Cabletron CEO Levine Is Expected to Resign - WSJ Dow Jones, a News Corp company About WSJ News Corp is a global, diversified media and information services company focused on creating and. ''Really, he hadn't functioned in the traditional role of a C.E.O. Known Addresses for Cabletron Systems, Inc. Attn: Tax Dept. The company could have grown at 10% a year simply by becoming unbeatable in cable delivery, its original niche. "People kept talking about how much money people were going to make when this all happened. "We can ship a large order and rebuild stock very quickly," notes Kenneth Levine. Ultimately, the two founders persuaded Mr. Reed. Levine was the companys chief salesman, and his hard-driving management style has defined Cabletron. More to the point, he wouldn't. The complaint was filed in March 2018 for allegations of "unsuitable investment recommendations, excessive trading and misrepresentation from February 2012 until December 2017." Dave Ayers, a regional sales manager in New York City, got so shaky and irrational at one point last year that Levine and Benson thought he had developed a drug problem. 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 . After the stock slide, the two - who collect salaries of $52,000 a year and reportedly don't receive stock options - held a joint stake in the company that was valued at $1 . The bump came in 2001. Levine would then emerge as one of the early tech moguls of the 1990s Forbes Magazine estimated his worth to be at around $625 million in 2001. He is also well known to radio and . year-and-a-half ago and coaxed him into bringing aboard his experience in national and global telecommunications. "We were getting a lot of friction from our customer base," says Oliver, who designed the company's own transceiver in the spring of 1986. He bought a tank. There is also an outdoor shooting range and groomed paths for snowmobiling, skiing, horseback riding, hiking and biking, according to the Casteel Creek website. Things were hectic, she said, but they also were exciting. It is a gradual process requiring passage through three gates before crossing over a dramatic, winding over a densely forested ravine, a sculptural feat of engineering that all by itself cost $1 million at that time., is a playful part of the area on the estate referred to as the car barn and apartment areas of the estate, Nobrega and Scrivens said. Levine purchased the land for $3.32 million in 1996 and delivered the house in 2000, according to Eagle County property records. He'd say, 'Welts, we have to talk.' Thanks for contacting us. TimesMachine is an exclusive benefit for home delivery and digital subscribers. "If they're afraid of being fired," charges Bob Monaco, "they probably deserve to be fired.". Soon, he also invested about $1,000 a month in getting lists of potential customers, including subscribers to computer magazines. The emptiness I feel without her with me is without bottom. That was why a shortened quarter (because Enterasys was changing its fiscal year) of one month in September was so crucial. Cabletron CEO Levine Is Expected to Resign - WSJ Cabletron Systems | Article about Cabletron Systems by The Free Dictionary 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." These impressive numbers did not last. Benson attended Chatham High School in Chatham, New Jersey.After receiving a bachelor's degree in finance from Babson College in 1977, Benson attended Syracuse University, graduating with an MBA in 1979.. You will receive additional instructions via email. Co-founders S. Robert Levine and Craig Benson were the bad boys of the 1990s networking industry. The house itself is a stylish mansion full of glass and stone. "Maybe he was doing the 'don't ask, don't tell,'" she said, laughing. ''On the one hand, it's part of the natural maturation; on the other, when the founder leaves a company it's always a big deal. In June 2014, 55 years after his father Leon had started Family Dollar . Levine fires any salesperson who flies during company time. "We've written our own rules from day one," he adds. 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. Barbara Scrivens and Malia Nobrega of LIV Sothebys International Realty are the listing agents for the estate. It has even instituted a special program whereby salespeople hand out forms to customers, who are invited to fax in their product suggestions. Back in 1985 the company moved from Massachusetts to New Hampshire, where space was at least $5 a square foot less, and some employees were much cheaper. It would be easy to pass off Levine and Benson's rejection of such big-company practices as superficial -- and, at times, absurd. Robert Levine Stood Strong by Mary Tyler Moore's Side - People Cabletron found its first success in the 10BASE5 Ethernet market, providing the ST-500, the first Ethernet transceiver that featured diagnostic LEDs, and the LAN-MD, the first commercially viable field-deployable 10BASE5 test set. Alongside Craig Brenson, Levine founded Cabletron in 1983. Levine must confront a sensitive and pivotal dilemma: how can Cabletron stay speedy while it grows huge? I didn't have some nefarious intent. The normal lead time would have been about six months. It starts with the muscles. "Get this," he'd brag to Benson, "I just made a 100% margin." Robert Levine was born in 1954. The other though is that Palermo is quite an easy city to navigate and get about. The Registered Agent on file for this company is C T Corporation System and is located at 118 North Congress Street, Jackson, MS 39205. ''The timing has to do with Don more than anything,'' he said. As she told that business class at UNH: "You need to trust your judgment, to follow your gut. In 1993, Spence went to Levine's office, expecting to make travel arrangements when she was told she was there for a job interview. How long can they keep up the pace? The holding company was set up to control four networking firms: Enterasys Networks, now officially a Siemens Enterprise Communications company, continues to manufacture all manner of networking equipment and to make available most of the documentation of the original Cabletron Systems products within their knowledge base. Benson's contact took the first 1,000 feet of cable off Levine's hands, paying him $10,000. FINRA arbitration is not a public forum and is used as an alternative to litigation or mediation in order to resolve a dispute. "It's not easy to find good outside salespeople," he adds. There is a curved seating area and an area for toppings to have an ice cream party, co-listing agent Malia Nobrega of LIV Sothebys International Realty told The Post. The Allied Campaign in Italy, 1943-45: A Timeline, Part One History. The contacts are Craig R Benson, Michael D Myerow, and S Robert Levine. It was like nothing could go wrong for so long, and then all of a sudden we hit that bump.". 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Searching For Italy: Stanley Tucci Visits Sicily - Forbes That makes seven offices that Casson has opened abroad. "I wasn't a good criminal.". Founder and CEO of networking hardware maker Cabletron, S. Robert Levine, will voluntarily step down. "Cabletronians," as employees call themselves, value speed, decisiveness, and responsiveness. Connect with the definitive source for global and local news. Then, with his father's help, he located a banker, who, he says, "kept lending us money. And 250,000 shares were sold to the employees at $4 a share even though the offering price was $15.50. The company`s registered agent is FL. She moved back home in July 2009. In its first quarter, ended May 31, Cabletron disappointed Wall Street with earnings of $58.8 million, or 38 cents a share, just slightly above the $57.1 million, or 37 cents a share, it had reported a year earlier. Don has contacts that will open doors for us that have never been open before, Levine said. Craig Benson & CEO Robert Levine of Cabletron Systems, NH. Company:Cabletron Systems - HandWiki Cabletron started by making 5 a month; by 1986 it was up to as many as 50, and testing constituted 15% of revenues. This area is patterned after western themed town center and is just a play on the old wild west and is much more fun than a big garage apartment and gas station.. ``Frankly, we wouldnt just turn Cabletron over to just anybody. ", That, Levine would argue, simply allows the company to hold on to something much more valuable -- and easily diluted -- than its margins. The owners plan to keep the remaining 180 acres of the parcel for themselves, listing agents told The Post. Bob Lepine is the Lead Pastor at Redeemer Community Church in Little Rock, Arkansas which he helped plant in 2008. At its height in the early 1990s, it employed nearly 4,000 workers in the state, with another 3,000 on . It feels like you are all on your own in the middle of the forest. One way Cabletron keeps the staff small is by giving employees enormous autonomy; for example, salespeople have lots of latitude on pricing. All rights reserved. Cabletron has been known for its modular . . Shares of Cabletron, based in Rochester, N.H., slipped 62.5 cents, to $36, on the New York Stock Exchange. I got stung. With summers that last from April to October and mild winters, Palermo is a year-round destination. Cabletron Systems Inc., a computer networking company, said yesterday that S. Robert Levine, its president, chief executive and co-founder, would resign effective Sept. 1. Consider this: though Cabletron has long left its original niche (and the one after that) behind, though 25% of its sales now come from abroad, though the computer-networking industry has exploded in recent years, the company has held on to something that most small companies can't help let slip as they grow. Cabletron was truly born to run. Such trigger-happy behavior takes a toll on morale. In-stock items are shipped within 48 hours. The town's winning traits? He is a male registered to vote in Eagle County, Colorado. They are guaranteed a response within five working days. He currently serves as a 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. She still remembers a woman named "New York," initially hostile, but ended up crying to her when it was time for Spence to leave prison, sobbing, "No one ever told me I was smart before.". By. The company also developed a reputation for its advanced SPECTRUM network . From the start, Levine shaped Cabletron in his own swashbuckling image, and he has been ruthless about not letting it stray. in the industry," he said at the news conference. And hardly any of them delivered it in less than six months. Levine and his brother Kenneth, then 20, went out and personally sealed some of the bigger deals, sitting down and negotiating the finer points as they chomped on chewing tobacco. Levine was a Forbes 400 member with a net worth estimated at $625 million by Forbes in 2001.
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