2400 Casteel Creek Rd, Edwards, CO 81632 | Zillow She met her husband Luke Luacaw, the head of security for Levine. Reed will resign from his post as president and group executive for Wiki Bio of Robert Levine net worth is updated in 2023. in the industry," he said at the news conference. S Robert Levine Profiles in CT, DE, MA, NE, NH, and NV - Bizapedia "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. Following on this early success, Cabletron developed one of the first modular Ethernet hubs, the MMAC-8 (and its smaller siblings, the MMAC-5 and the MMAC-3) at the time that 10BASE-T was becoming standardized. From the start, Levine shaped Cabletron in his own swashbuckling image, and he has been ruthless about not letting it stray. 2023 CNET, a Red Ventures company. LEVINE--Robert, M.D. Such a feature would also allow Cabletron to do more problem solving by phone -- a relief to Oliver, who was, until 1987, half of the technical support team. "He should have run, but he also didn't speak up.". ", But at some point, he will reach his limit. Share. Sweet and salty: An estate with an ice cream parlor and jail Former pro hockey player sells Aspen home for $55M Colorado mega-mansion built by tech entrepreneur has its own Old West-style town with a saloon and sheriff's jail . Cabletron CEO Levine Is Expected to Resign - WSJ Want to know how Levine has spent his newfound wealth? It used to be that Levine could make the rounds of all the salespeople in a month. But "my actions, by pushing this paperwork through, allowed the company to make the quarter. Could it be the beginning of a bureaucracy? The company also developed a reputation for its advanced SPECTRUM network . At the time of their nuptials Moore was 45 and Levine 29-years-old. "I'm not mechanically inclined," he says. Cabletron Systems, Inc., was a manufacturer of networking computer equipment throughout the 1980s and 1990s primarily based in Rochester, New Hampshire, in the United States. 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. Breaking news as it happens. Levine must confront a sensitive and pivotal dilemma: how can Cabletron stay speedy while it grows huge? "very open and very customer-focused. The town's winning traits? Co-founders S. Robert Levine and Craig Benson were the bad boys of the 1990s networking industry. [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. Although Cabletron has made a few small acquisitions, it has largely sat out the furious consolidation of the networking industry. FINRA arbitration is not a public forum and is used as an alternative to litigation or mediation in order to resolve a dispute. That's all I've ever seen," said Levine. The company moved to Rochester, New Hampshire in 1985 and went public . Instead, cable now constitutes less than 7% of sales. Levine, co-founder of Cabletron, is a pioneer computer-networking magnate noted by Forbes magazine. "You can always do a little more. The company's principal address is 1 Cabletron Way, P O Box 5005 Attn: Tax Dept, Rochester, NH . 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. Similarly, Benson had emerged from his previous job with an almost pathological hatred of vice-presidents. Known Addresses for Cabletron Systems, Inc. Attn: Tax Dept. The one-of-a-kind estate is now up for sale, listed for $42 million. At Danbury, most of the women were drug offenders, but Spence taught English and got to know the inmates. Inc. 5000 Application Deadline Extended: April 28!Apply Now. More important, perhaps, is how Cabletron followed that initial opportunity to its next leap: network-testing devices. Then, with his father's help, he located a banker, who, he says, "kept lending us money. At McAfee, Ken was SVP and GM of the security management business unit. native said he didn't believe he could give the amount of effort and One of their biggest arguments, in fact, grew out of Levine's decision to let one salesman call himself a vice-president. Look closely; it's not Levine. The approximately $1 million bridge provides views over the Rocky MountainsSawatch mountain range and hundreds of acres of forest, said the agents. Last spring, Casson approached Levine and Benson about opening a subsidiary in Australia. 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. Theyre [the owners] all about creating experiences, and because were in Colorado, that Western theme came through, Scrivens told The Post. Cabletron, and then Enterasys, would "lend" money to small companies that used it to buy Cabletron or Enterasys equipment through a third-party distributor. CONCORD, N.H. (AP) _ Fourteen years after co-founding a small computer cable company in his garage, S. Robert Levine is retiring as president and chief executive of Cabletron Systems. January 11, 2022. 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. "I don't stop," says the 34-year-old. 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. 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. Many a growing company forgets the lessons of its earlier days. year-and-a-half ago and coaxed him into bringing aboard his experience in national and global telecommunications. Robert Levine's House in Edgartown, MA - Virtual Globetrotting But while she was at college, her dad died unexpectedly, and she got in a serious car accident. The normal lead time would have been about six months. Push.'". The management change is not expected to dampen speculation that Cabletron is ripe for an acquisition itself, or in line to acquire another company. There's nothing wrong with that, of course; every founder stamps his or her quirks on the business. Levine has no plans to start another company. Spence said she was referring to so-called "three-corner deals," some of which a federal jury later concluded violated securities law. [citation needed], Cabletron was founded in 1983 in a Massachusetts garage by Craig Benson (who later became New Hampshire's governor) and Robert Levine. The 25,000-square-foot recreation center called the Lodge includes a five-story rock climbing wall, an elevator, an indoor shooting range, a teppanyaki (similar to Hibachi) dining area, a full kitchen, a massage room, a gym, a spa, an Olympic-sized pool and a hot tub, according to the Casteel Creek website. 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. CABLETRON SLIDE HIT FOUNDERS HARDEST - Tech Monitor 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. Cabletron CEO to leave. Mr. Benson said in a telephone interview that he and Mr. Levine had begun an executive search a year ago, and had asked Mr. Reed to join the company at that time, only to be turned down. "I hated him," says Benson, who was eventually persuaded to give the new hire a chance. Levine had seen that happen many times. Edwards, Colorado. ''I went so far, when I was head of New England Telecom, as to take my team up to Cabletron to get a glimpse of what Bob Levine and Craig Benson were about,'' he said. "It's not easy to find good outside salespeople," he adds. "I don't know who that guy is," he admits. Cabletron's profits may be fat, but salespeople live under scrawny conditions. He runs into his office and, sidestepping some dumbbells, grabs a shirt that is hanging from the ceiling. "There are very few Bill Gates in the world. Self: Being Mary Tyler Moore. CABLETRON SYSTEMS, INC. has been set up 8/15/1989 in state DE. Cabletron CEO to leave - Aug. 6, 1997 - CNN Business Eager to stay on Benson's good side, Levine went out and bought 10,000 feet of cable -- the smallest amount he could find -- worth $30,000. This was most apparent in those three-corner deals, she said. For instance, despite "some very scary days," Levine and Benson steadfastly refused any equity capital early on. Anyone can read what you share. The Massachusetts "We'll find a way to do this.". I was not going to act like I did not do anything wrong.". 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. 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. The company has 3 contacts on record. 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. ``Don also has the contacts, contacts that I was never able to develop, maybe just because I havent been around long enough. Why, Oliver wondered, couldn't we incorporate several light-emitting diodes so that users could do more of their own troubleshooting? S. Robert Levine looks every inch the executive you'd expect to find running a fast-growing $105-million maker of computer products -- right from the top of his head down to the tips of his shoulders. Is this management by fear? Building a sales team, of course, gets expensive. Robert Levine Net Worth & Biography 2022 - Stunning Facts You Need To Know Perhaps the most stunning and understated amenity is a 200-foot steel viewing bridge over the forest. Analysts had expected 50 cents. She moved back home in July 2009. 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. ''Bob is a flamboyant, energetic motivator, and as such, he has motivated people much like a football coach,'' he said. "There will not be a beat missed during the process.". Bank of America Merrill Lynch has agreed to a $40 million settlement with Robert Levine, co-founder of Cabletron Systems, according to filings and sources familiar with the case.
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