[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. Contrary to Winston Churchill's belief that Italy was the "soft underbelly" of Axis-dominated Europe, the Allied campaign in Italy was a long and bloody undertaking. The best transceivers at that time had power-indication lamps enabling customers to tell whether their network problem could be blamed on the system's power source. Such "box movers," as he calls resellers, have no incentive to excel at customer service. It is a gradual process requiring passage through three gates before crossing over a dramatic steel bridge winding over a densely forested ravine, a sculptural feat of engineering that all by itself cost $1 million at that time.. "Back then I'd sit in my cubicle and I'd fear the sound of those boots coming down the hall, moving fast, getting louder and louder," says Welts, 29. "All I could think of was the thousands of people that lost their lives, our customer base that was so incredibly impacted, the state of the country and all they were worried about how we were going to look to Wall Street," said Spence. 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. Prosecutors said the side letter was created to hide the changes from auditors. 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. What you need to know to start your day with all the latest industry developments. Jack Branowski, who is a director of sales, has 17 people reporting to him. Don has contacts that will open doors for us that have never been open before, Levine said. "Basically buying people's business," Spence said. Back then, Cabletron was not only the biggest thing in town, it was the biggest employer in the state. 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. Aug. 6, 1997 1:45 p.m. PT 3 min read Cabletron Systems (CS) founder, president, and. The approximately $1 million bridge provides views over the Rocky MountainsSawatch mountain range and hundreds of acres of forest, said the agents. He was previously married to Mary Tyler Moore. Founder of Cabletron Systems, an internet networking company in New Hampshire that once rivaled Cisco, but went belly-up, owns this house. Then, with his father's help, he located a banker, who, he says, "kept lending us money. 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. Levine and Benson, in fact, would play off each other in ways no one could ever have anticipated. Actually, not many of the employees stuck around for long. Rochester, NH 03866 PO Box 6257 Rochester, NH 03868 50 Minuteman Rd Andover, MA 01810 10 Main St Rochester, NH 03839 35 Industrial Way Rochester, NH 03867 ATTN: TAX DEPT. Levine thinks it's from someone he fired. ''Really, he hadn't functioned in the traditional role of a C.E.O. It was sold in 1998 to a private company. "To counteract any problems associated with growth," suggests Casson, "Bob and Craig will simply shout louder.". 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. A 200-foot steel bridge leads out of the property and into the forest overlooking the forest and Rocky Mountains Sawatch mountain range. 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. "You gotta help me," he pleaded to Benson. If they said yes, Cabletron sent a project engineer out to meet with them. Stuart Robert Levine's Colorado Voter Registration. "Let's go over there and do it until it gets done," Benson suggested. You will receive additional instructions via email. Walk away. How so and so had so much shares, stocks options and this and that. Outdoor amenities include a stocked trout pond, a playground, 12 snowmobiles, three all-terrain vehicles, snowplows and a 10-seater Snowcat. There seems to be a problem with your Inman Select Membership. Mr. Benson remains with the company as chairman. Want CNET to notify you of price drops and the latest stories? It was like nothing could go wrong for so long, and then all of a sudden we hit that bump.". The pair first approached Reed a year-and-a-half ago, but Reed said he didnt want to leave Nynex in the middle of its merger with Bell Atlantic. Perhaps the most stunning and understated amenity is a 200-foot steel viewing bridge over the forest. ", That, Levine would argue, simply allows the company to hold on to something much more valuable -- and easily diluted -- than its margins. Recently, he received $40 million in compensation from Merrill Lynch after accusing them of churning,or excessive trading to generate commissions against the best interest of their clients. 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 . Nor, for that matter, is Levine much of a marketer. Mr. Levine said he had not determined what he would do beyond smoothing the executive transition at Cabletron. Getty Images for IMDb. "Bob doesn't like authority," he notes. Similarly, Benson had emerged from his previous job with an almost pathological hatred of vice-presidents. . Coalesce's Select Membership is no longer active. Though orders picked up at the rate of two or three a week, Levine did not expect much from Cabletron, and with good reason. And awful. When Michael Welts, marketing manager, was hired, in November 1989, he was thrilled but a little scared. Robert Levine Bio/Wiki, Net Worth, Married 2018. Sign up for Individual Select membership today. It's fair to ask, though, whether Levine might grow increasingly militant as the company becomes harder and harder to push around. Now step over the piles of trade magazines and the barbells -- oh, and push aside the dry cleaning -- and you can get a splendid view of the plaque Levine received, citing his skill in designing silicon wafers. CABLETRON SYSTEMS, INC. has been set up 8/15/1989 in state DE. But there are signs that Levine and Benson's sometimes harsh style of management and Cabletron's self-image as a bit of a ruffian may not serve the company well as it struggles to stay ahead of the pack. They'll figure it out, right?". They also had manufacturing facilities in Ironton, Ohio, and in Ireland. This is the one time I'm asked to bird-dog something. All rights reserved. One of the rooms is a retro-style ice cream parlor with marble countertops and sleek cone and topping holders on the table. 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. He is, after all, prone to excess. "And we don't have to deal with upset customers." Some 4,000 people applied for the first 50 jobs. Cabletron doesn't waste any time deciding whether to make the products its customers suggest. "I once got a very nasty memo because my hotel was $73 a night," recalls Kenneth Levine. Chris Ratcliffe | Bloomberg | Getty Images. Patel, with Benson's approval, engineered the breakup of Cabletron into four companies, the largest being Enterasys. 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. And she doesn't think businesses would be reluctant to hire a convicted felon. Profile of this year's Entrepreneur of the Year winners. To keep its product line expanding in the right direction, Cabletron exploits the advantages of having a direct-sales force. It would be wrong to present Bob Levine's need for speed as simply a strategic imperative. Connect with the definitive source for global and local news. About Levine family. 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 . Early spring and late summer are possibly the best for fewer visitors with warm, but . Robert John Levine, M.D., passed away peacefully at the age of 86 on February 25, 2021 at Whitney Center in Hamden, CT where he lived with his wife of 33 years, Jeralea Hesse. Don't miss the premier event for real estate pros. 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. "They get wrapped up in their titles instead of getting work done," he says. ", But at some point, he will reach his limit. "There are very few people who can take a company from zero to a The company's principal address is 1 Cabletron Way, P O Box 5005 Attn: Tax Dept, Rochester, NH . In 1987, with sales at more than $9 million, they shifted to semiautomatic machinery. Cabletron was founded by S. Robert Levine and Craig Benson. Family Dollar had always been a family 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. Sweet and salty: Estate with posh ice cream parlor and a jail hits market, Robert Levine, who founded Cabletron in the 1990s, listed his Colorado mansion this week. The normal lead time would have been about six months. There's no missing it: Cabletron clings to a distinct identity. To subscribe to exclusive newsletters, visit your email preferences in the account settings. "I think I am an asset to any company who has the desire to go public or who is currently publicly traded. TimesMachine is an exclusive benefit for home delivery and digital subscribers. to leave the company about two years ago. Kenahan and Levine could not immediately be located for comment. The estate borders two million acres of national forest, creating vast views. A real one, with a howitzer on top and turrets that spin around. "No, Bob," Benson would explain, "that's a 100% markup." You don't have to play this game or drink this Kool-Aid anymore.'" Cable installations now account for 4% of sales. ", But it's also a lesson learned. 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. That is, until the activist investors started swarming. 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 . 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. With their go-ahead, Oliver handed out 100 transceivers for testing. That was why a shortened quarter (because Enterasys was changing its fiscal year) of one month in September was so crucial. It would be easy to pass off Levine and Benson's rejection of such big-company practices as superficial -- and, at times, absurd. Cabletron Systems, Inc. Inactive 1988 20 President Excel Connections for Levine Robert. And there was Levine, who, as a kid, shot birds because they woke him up with their chirping. While competitors' lead times stretch to eight weeks or longer on an established product, Cabletron fills orders within 30 days. The pressure will be on Mr. Reed to put Cabletron back on the growth curve. The digs are hardly ritzy: partitions, steel desks, small cubicles. The advisor involved is Charles Kenahan, according to FINRA's BrokerCheck. "When we do, we optimize them by making them three times more effective.". As the company sped toward nearly $900,000 in sales in fiscal 1985 -- branching into different types of cables as well as terminators and other supplies, all delivered "at the speed of light" -- Cabletron was slipping beyond Levine's grasp. Registered Address. The one-of-a-kind estate is now up for sale, listed for $42 million. "The thing that has made us different," he says, rising to his feet, "is that we are absolutely fearless.". She's also going for a business management degree through the University of Phoenix in Burlington, Mass., but she plans to switch to online classes, so she can spend more time taking care of her 91-year-old mother. He will be succeeded by Don Reed, 53, a top officer from the regional phone company Nynex Corp., which is being acquired by Bell Atlantic Corp. ``The amount of effort and time and travel that will be involved to get Cabletron to the multi-billion dollar level, which I have no doubt Cabletron can achieve, is time I am not willing or able to invest at this time, Levine said in explaining his decision. (Photo by Peter Turnley/Corbis/VCG via Getty Images) More recently, Levine was in the news in 2019 after Bank of America Merrill Lynch agreed to pay him $40 million as a settlementin response to his allegations that one of its brokers churned him by making poor investment recommendations to receive commissions. Karl was contacted before Thanksgiving, but Spence talked to NHBR at the end of September in her backyard, agreeing to tell her story if she had a chance to review her transcript, which she did, with minor edits, in November. The company`s registered agent is FL. ''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 his place was his handpicked successor, Patel, who joined Cabletron when it bought his California networking company. The amenities lodge is attached to an indoor sports field primarily used for baseball, said the listing agents. He nearly hits his head on the picture hanging above him -- a sentimental shot of him and Benson outside a competitor's headquarters. Your subscription will automatically renew for on . Benson, who still had a full-time job, got swamped trying to keep up with the invoicing. Six months later they had developed two products: one tested the cable, the other tested other network equipment. 2023 CNBC LLC. Free and open company data on Rhode Island (US) company CABLETRON SYSTEMS, INC. (company number 000057845), PO BOX 5005, ROCHESTER, NH, 03867-00505 Founder and CEO of networking hardware maker Cabletron, S. Robert Levine, will voluntarily step down. "We've written our own rules from day one," he adds. But, he notes, "I know what will happen if I relax at all. Levines retirement comes as the cable equipment company is dealing with a slowdown in demand for its networking hubs, which are being replaced with competitors faster switches. She never finished school and went to work, ending up working for a Rochester travel agency that managed the Cabletron account.
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