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. C T Corporation System, agent, 4 Sep 2000 - Michael D. Myeraw, secretary, 19 Jan 1990 - S. Robert Levine . It feels like you are all on your own in the middle of the forest. Cabletron and Enterasys would then report those as sales, increasing company revenue. In making the announcement, Benson emphasized Reed has a different management style, but Reed said he has no immediate plans to make changes. Cabletron's success, thus far, has been built on knowing what it isn't; now it must define what it is. Look closely; it's not Levine. By 1989 Cabletron's factory was fully automated. . ", However, in a larger sense, she said, "I knew what I did, and it was wrong. In all 126,000 square feet of Cabletron's headquarters, now in Rochester, N.H., there is not even one meeting room. 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And the department doesn't close: 3 employees wear beepers. But the thin ranks mean that some employees get pushed to their limits -- or beyond. This practice is commonly called churning. "It grew fast. Though orders picked up at the rate of two or three a week, Levine did not expect much from Cabletron, and with good reason. In 1983, Benson and partner Robert Levine started Cabletron Systems in Levine's garage. That is, until the activist investors started swarming. ", When it all began, she said, "it was a noble thing to do. At McAfee, Ken was SVP and GM of the security management business unit. Benson's contact took the first 1,000 feet of cable off Levine's hands, paying him $10,000. A part of outside grounds have been recreated to look like a Wild West town, complete with a shooting range, a model sheriffs office and even a jail cell as one of the rooms. I got stung. And she thought her role in them was relatively minor. [His] eccentric management style has contrasted sharply with the usually conventional world of computer-networking equipment, the Wall Street Journal said upon the announcement he would retire. Before then, Levine and Benson, who have so far tried hard to avoid any structure that feels big, will need to figure out how best to preserve the company's cherished speed. Electronics They also had manufacturing facilities in Ironton, Ohio, and in Ireland. That was why a shortened quarter (because Enterasys was changing its fiscal year) of one month in September was so crucial. The lawyers wrote all the agreements. It doesn't feel like there are 1,300 people here. Cabletron was truly born to run. The Cabletron story starts in March of 1983 with then 25-year-old Robert Levine. Coalesce's Select Membership is no longer active. They hired a person, leased space, and came up with a strategic plan -- all in six days. "I've got to get going," he says, checking to see if the weather will accommodate his flight plans. Webb, executive vice president and general counsel. "It can't take longer than a week." I didn't have some nefarious intent. "There is going to be another structure, and Bob and Craig know that," says Jim Sims, who also serves as a director of sales. As for the terms, they were taken out, but then included in a side letter. "There are very few people who can take a company from zero to a Spence helped turn in former Enterasys chief executive Enrique Fiallo, and they both helped convict Gagalis who, like Spence, maintained that he took the fall for people who were higher up. Robert Levine (l.) and Craig Benson are co-founders of Cabletron, a company that makes hubs to connect computer networks. native said he didn't believe he could give the amount of effort and We believe we have found the perfect fit, Levine said. Levine travels at least 30% of the time; Benson stays mostly at headquarters. The ice cream parlor has a curved polished marble bar, copper walls and antique ice cream dishes displayed on the walls. Between 1987 and 1988, sales shot up more than 160%, from about $9.5 million to almost $25 million. The officials she testified against and helped convict got even more time. Actually, not many of the employees stuck around for long. The Ariel deal.". Robert Levine can be an acting professional, known for The Uncles (2000). Kenahan, who started working at Merrill Lynch in Boston in 2007, was dismissed by the firm last week, according to the BrokerCheck report. Add a few hours, and the same could be said for new markets. 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. Just as Mr. Levine has been an unusual chief executive, his contribution might be missed in unusual ways, said Noel Lindsey, an analyst with Deutsche Morgan Grenfell. The split was designed to increase shareholder value, and many of the shareholders were company executives. Spence's second chance started in June 2009. Actor Robert Hays is doing a variety of things these days. ", Perhaps so. As Cabletron expanded its reach in the networking business, they initially moved into Layer 3 routing by partnering with Cisco, co-developing a Cisco router that would fit into the MMAC-8 hub. At the time of their nuptials Moore was 45 and Levine 29-years-old. Only 3 days left to register for Inman Connect Las Vegas before prices go up! Along with the house itself, Levine created a 28,000-square-foot amenities lodge with a five-story rock climbing wall, an indoor shooting range, a teppanyaki dining area, a gym and massage spa, an Olympic-sized pool and a hot tub. 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. Storming in, he threatened, "If you people all have the time for this meeting, then I guess I really don't need this many people.". For more details on our payment terms and how to cancel, click here. They'll figure it out, right?". Spence herself was sentenced to 27 months in Danbury, though she also served four months in Strafford County Jail in case her testimony was needed again. "I started off by saying, 'For 20 days and 20 months, I had no first name and I was referred to as 03418049. Early life and business career. Things were hectic, she said, but they also were exciting. "I don't know who that guy is," he admits. Instead, cable now constitutes less than 7% of sales. ''Bob is a flamboyant, energetic motivator, and as such, he has motivated people much like a football coach,'' he said. The Martha's Vineyard Times. Could it be the beginning of a bureaucracy? 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. That's an important role, so I hope they find somebody to fill that function. Cabletron Systems was a manufacturer of networking computer equipment throughout the 1980s and 1990s primarily based in Rochester, New Hampshire, in the United States. 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. Robert Levine, who founded Cabletron and was one of the tech giants to emerge in the 1990s, just listed his custom Colorado mansion for $44.2 million. January 11, 2022. Published on January 26, 2017 01:00 PM. Which is, to be sure, a remarkable achievement. She never finished school and went to work, ending up working for a Rochester travel agency that managed the Cabletron account. Stuart Robert Levine (born 1958) is listed at 25 Casteel Creek Rd Edwards, Co 81632 and is affiliated with the Colorado Republican Party. 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, R.I.P. "We can ship a large order and rebuild stock very quickly," notes Kenneth Levine. Levine's unique genius -- which has propelled Cabletron, in just seven years, to more than $100 million in sales with aftertax profits of about 21% -- is much rarer and broader than that. Gibney, founder and CEO of eCoast Sales So Cabletron was founded by S. Robert Levine and Craig Benson. They were not at liberty to discuss the sellers further. They pose with Robert's motorcycle. Recognizing this fact, Cabletron reorganized as a holding company in 2000, hoping to apply appropriate focus to the different parts of its business as they had evolved over time. Levine has also been expanding what he refers to as a management SWAT team. Getty Images for IMDb. It was a way to invest in companies and give them a leg up. FINRA's BrokerCheck system data indicates that the settlement is the largest involving an individual claimant out of over 29,000 in the last decade, according to Craig McCann, the founder and principal of Securities Litigation and Consulting Group. ", 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. 2023 CNET, a Red Ventures company. Levine had a habit of wearing ostrich-skin boots and once used an armored tank to chase away a pizza delivery worker. With their go-ahead, Oliver handed out 100 transceivers for testing. telecomunications experience as a 30-year veteran of Nynex provides Alongside Craig Brenson, Levine founded Cabletron in 1983. 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. Leading commentary by award-winning journalists. "I never had anything to do with Asia. Push.'". You never really even have to leave the estate to have fun. 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. Although Cabletron has made a few small acquisitions, it has largely sat out the furious consolidation of the networking industry. Branch of CABLETRON SYSTEMS, INC. (Delaware (US)) Controlling Company CABLETRON SYSTEMS, INC. Levine amassed a fortune Forbes estimates at $625 million at. Six months later they had developed two products: one tested the cable, the other tested other network equipment. A 200-foot steel bridge leads out of the property and into the forest overlooking the forest and Rocky Mountains Sawatch mountain range. By the summer of 1983, Levine -- who by that time had sold much more than the original 10,000 feet -- recruited his two younger brothers to pound away on the phones and fill orders in his two-car garage. Benson pitched in during his lunch hour, leaving invoicing chores for the weekend. While only half an hour to Vail Mountain (east) or to the Eagle County Airports (west), the outside world fades away as one enters into the Casteel Creek compound, with a new discovery around every curve, Nobrega and Scrivens told Inman in an email. They sniff things out." But even in making difficult and defining strategic decisions, the pair have consistently kept flexibility and speed as their top priorities. Tuesday, I received my indictment papers. He is, after all, prone to excess. Mr. Levine, 39, a flamboyant executive known for such antics as driving a surplus Army tank, started Cabletron in his garage in 1983 with Craig Benson. She moved back home in July 2009. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Webb will stay on at Bell Atlantic in the same top-level posts Reed would have had. The contacts are Craig R Benson, Michael D Myerow, and S Robert Levine. We want to hear from you. 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. Ultimately, the two founders persuaded Mr. Reed. He got to spend a week on Levine's boat, resting. ", Despite Spence's misgivings about the morality of the three-corners deals, she said didn't think they were illegal because "the finance people were all over it. "There will not be a beat missed during the process.". So in November 1984 he decided to bring aboard someone who could untangle the rest. He must have felt like he was drinking from a fire hose," she said. Barbara Scrivens and Malia Nobrega of LIV Sothebys International Realty are the listing agents for the estate. The loans started at $50,000. Former Enterasys CFO Bob Gagalis is still serving an 11-1/2 year term. In the morning he made his case that the market was growing fast enough to support it; that afternoon he got a $1-million commitment. "We don't research the hell out of something before we do it," Levine says. As a subscriber, you have 10 gift articles to give each month. S. Robert Levine, the eccentric founder of New Hampshire-based Cabletron Systems, a 1980s and 1990s computer networking company, recently sold for $40 million a massive Colorado estate with its . If they said yes, Cabletron sent a project engineer out to meet with them. And hardly any of them delivered it in less than six months. Theyre [the owners] all about creating experiences, and because were in Colorado, that Western theme came through, Scrivens told The Post. To subscribe to exclusive newsletters, visit your email preferences in the account settings. This was most apparent in those three-corner deals, she said. As a result, Cabletron has grown much faster, and more daringly, than anyone might have expected. Cliff Thompson Edwards' Robert Levine, has arranged to give the U.S. Forest Service 301 acres of land exchange for 119 acres along the Baryetta Cabins Trail, adjacent to his 35,000-square-foot home. The . But "my actions, by pushing this paperwork through, allowed the company to make the quarter. The Cabletron story starts in March of 1983 with then 25-year-old Robert Levine. Levine, who founded the company 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. Inside salespeople develop and qualify leads, then make appointments for the outside salespeople, who are, notes Levine, "the most expensive people I've got." When Michael Welts, marketing manager, was hired, in November 1989, he was thrilled but a little scared. From the start, Levine shaped Cabletron in his own swashbuckling image, and he has been ruthless about not letting it stray. So yes, I am guilty for that. It would be wrong to present Bob Levine's need for speed as simply a strategic imperative. The normal lead time would have been about six months. "Cabletronians," as employees call themselves, value speed, decisiveness, and responsiveness. Workman backdated it. Then, in 2004, shortly after her husband died, an agent called her on her cell phone to tell her she was the subject of a grand jury investigation. The company has 3 contacts on record. He was previously married to Mary Tyler Moore. The recipient of the settlement is Robert Levine, co-founder of one-time network equipment maker Cabletron Systems, according to the sources. "It's not easy to find good outside salespeople," he adds. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. Founder and CEO of networking hardware maker Cabletron, S. Robert Levine, will voluntarily step down. Levine and Benson identified a couple of good candidates to run foreign operations and, in June, traveled to the United Kingdom. Now, a year out of federal prison, Spence maintains that the wrong people went to jail. A second complaint also seeking about $40 million in damages and involving the same broker is pending. Forbes 400 member S. Robert Levine has stayed decidedly unbusy since retiring in 1997, at the ripe old age of 39. More important, perhaps, is how Cabletron followed that initial opportunity to its next leap: network-testing devices. Cabletron doesn't waste any time deciding whether to make the products its customers suggest. The town's winning traits? Levine, 32, likes to confound expectations. They are guaranteed a response within five working days. We had to feel instinctively from the heart that this was the right individual both from a capability standpoint as well as a cultural standpoint. He was a graduate of Boston High School, Class of 1955 and later graduated Cum Laude with a degree in accounting from Massasoit Community College. So the employees wanted $8 an hour? The company`s registered agent is FL. But by the summer of 1984, Cabletron had moved into a 4,000-square-foot office in Ashland, Mass.
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