The limit, as he well knew, was $70. A local's guide to Palermo, Sicily: 10 top tips - The Guardian After returning from the . 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. It has even instituted a special program whereby salespeople hand out forms to customers, who are invited to fax in their product suggestions. Toppings are stored right in the counter of this room, made specifically for cold, sweet treats, photos show. In 1987, with sales at more than $9 million, they shifted to semiautomatic machinery. Ken Levine | Chief Executive Officer of Comodo Cybersecurity That was why a shortened quarter (because Enterasys was changing its fiscal year) of one month in September was so crucial. 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. 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. Cabletron now a memory - Portsmouth Herald Just now that spirit, who has been seated, glances at his watch and flies to his feet. Do Not Sell or Share My Personal Information. To find takers, he printed up brochures that promised 24- or 48-hour delivery, depending on the customer's needs and the size of the order. ``Frankly, we wouldnt just turn Cabletron over to just anybody. "Now get out of here.". And 250,000 shares were sold to the employees at $4 a share even though the offering price was $15.50. Cabletron, and then Enterasys, would "lend" money to small companies that used it to buy Cabletron or Enterasys equipment through a third-party distributor. "I just wanted to get rid of the stuff," he says, "but people really appreciated the fast delivery.". 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. "I've never run a multibillion-dollar company beforeI grew up in Cabletron. Cabletron doesn't waste any time deciding whether to make the products its customers suggest. BOX 5005, ROCHESTER, NH, 03867. Characteristically, he couldn't just turn down suitors with a polite "No, thank you." "With the rapid convergence of voice, video, and data, Don's extensive Links: www.cbsnews.com 2,157 views 1.0 ( 1 votes) Categories Buildings > Residential Comments Policies "I won't leave you out in the lurch," Levine assured. 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 . Don has contacts that will open doors for us that have never been open before, Levine said. By submitting your email address, you agree to receive marketing emails from Inman. The once-public Cabletron, a competitor to Cisco, had annual revenues at one point of more than $1 billion. I want to have influence over the philosophy, not over every piddling decision. ROBERT LEVINE Obituary (1934 - 2021) - Hamden, CT - New York Times ''While my style may be different, I will be just as aggressive.''. Similarly, Benson had emerged from his previous job with an almost pathological hatred of vice-presidents. At Nynex, Reed is being replaced by Morrison DeS. A large part of this walkability is due to . Benson declined to comment to CNBC. Levine thinks it's from someone he fired. systems management software. Ex-Cabletron exec reflects: 'Why didn't I speak up?' "We've written our own rules from day one," he adds. ``Ill have time to meet with more employees and customers than in the past, Benson said in a phone interview. 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. 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. Levine was used to selling, and that was what he wanted to focus on. 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. Add a few hours, and the same could be said for new markets. Such trigger-happy behavior takes a toll on morale. Your subscription will automatically renew for on . With summers that last from April to October and mild winters, Palermo is a year-round destination. 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. Spence said her heart goes out to Gagalis, but he could have cooperated like she did. Please contact the parent account holder or Inman customer service @ 1-800-775-4662 [email protected]. ''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. There is also an outdoor shooting range and groomed paths for snowmobiling, skiing, horseback riding, hiking and biking, according to the Casteel Creek website. By signing up, you will receive newsletters and promotional content and agree to our. 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. Mr. Levine and Mr. Benson were furious. Robert Levine Net Worth - Celebrity Net Worth Wiki to leave the company about two years ago. "On the eve of Thanksgiving, she regurgitates an old allegation, giving new meaning to the phrase an old stuffed bird," Karl said. A real one, with a howitzer on top and turrets that spin around. The Dead Tech Company I Miss Most - Channel Futures The Cabletron story starts in March of 1983 with then 25-year-old Robert Levine. The company moved to Rochester, New Hampshire in 1985 and went public . Levine has also been expanding what he refers to as a management SWAT team. 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. 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. Mr. Levine said he had not determined what he would do beyond smoothing the executive transition at Cabletron. 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. In fact, you can pretty comfortably walk around its historic centre. Benson hired a few engineers he knew. Simply enter the email address you used to create your account and click "Reset Password". ", But it's also a lesson learned. What you need to know to start your day with all the latest industry developments. Want CNET to notify you of price drops and the latest stories? "That's where the growth is right now.". People also asked 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. 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. And hardly any of them delivered it in less than six months. Cabletron's success, thus far, has been built on knowing what it isn't; now it must define what it is. Prosecutors said the side letter was created to hide the changes from auditors. Update: A former version of this article misstated the homes listing price. 2023 CNBC LLC. 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. 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. I got stung. Founder of Cabletron Systems, an internet networking company in New Hampshire that once rivaled Cisco, but went belly-up, owns this house. It was sold in 1998 to a private company. "I couldn't," he says with a shrug. "This is a unique opportunity to run a company in these extraordinary Levine, who founded the company It starts with the muscles. S. Robert Levine. - Free Online Library - TheFreeLibrary.com But by the summer of 1984, Cabletron had moved into a 4,000-square-foot office in Ashland, Mass. 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.. It's hard to miss the symbolism taking place at the former Cabletron headquarters off Ten Rod Road in Rochester, even if Bill Gibney works to downplay it. Or, swept away by its continued growth, it may lose its edge. In charge of this transition were Patel, Kirkpatrick and Jaeger, who came from Ropes & Gray, Cabletron's law firm. Cabletron founder, CEO to resign - CNET Cabletron, R.I.P. | Light Reading 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. 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. The Vail Valley home was listed for $78 million with 430 acres in 2019 and is now being re-listed at a lower price with only 250 acres attached. Cabletrons earnings fell below expectations in the first quarter ended May 31 and revenue was up a disappointing 12 percent. That particular project engineer also happened to be the chairman of the company, though he didn't advertise it. 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. Cable installations now account for 4% of sales. Mini Biography. Aside from that, Levine has mostly stayed out of the public eye since his time as a big-shot tech entrepreneur apparently, hes been well-entertained. They also had manufacturing facilities in Ironton, Ohio, and in Ireland. Levine began with $100,000 of his own money. Levine must confront a sensitive and pivotal dilemma: how can Cabletron stay speedy while it grows huge? Now, a year out of federal prison, Spence maintains that the wrong people went to jail. Call Them Nasty, or Tough. But Call Them Millionaires "I'm not a mercenary or anything," he says with a smile. 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. NEW YORK (CNNfn) - A top executive at Nynex will become chief executive at . Craig Benson & CEO Robert Levine of Cabletron Systems, NH. Dr. Cabletron Systems, Inc. Inactive 1988 20 President Excel Connections for Levine Robert. Robert Levine. Cabletron was founded by S. Robert Levine and Craig Benson. Actually, not many of the employees stuck around for long. <br><br>Robert was the loving son of the late Charles and Mary (Reid) LeVine and grew up in Dorchester. That's not so easy, given that Cabletron -- like Levine -- can't sit still. The two devices, which cost roughly $200,000 to produce, represented Cabletron's first foray into manufacturing. That's an important role, so I hope they find somebody to fill that function. Later that year Cabletron received a $1.5-million line of credit that catapulted to $12 million four years later. 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. There's no missing it: Cabletron clings to a distinct identity. 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. At the same time, competitors like Cisco Systems Inc., the 3Com Corporation and Ascend Communications Inc. have pursued multibillion-dollar acquisitions that have given them much broader product lines and higher revenues. Is this management by fear? I should have watched that over and over again because it was corporate greed it at its best.". Founder and CEO of networking hardware maker Cabletron, S. Robert Levine, will voluntarily step down. Forgot your username? But while she was at college, her dad died unexpectedly, and she got in a serious car accident. native said he didn't believe he could give the amount of effort and It looks like youre already a Select Member! Free and open company data on Rhode Island (US) company CABLETRON SYSTEMS, INC. (company number 000057845), PO BOX 5005, ROCHESTER, NH, 03867-00505 Cabletron was founded by S. Robert Levine and Craig Benson. 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. On one wall hangs a picture of President George Bush with -- if you trust the caption underneath -- Levine. The sheriffs office 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. Benson did not want to end up jobless, especially with his wife about seven months pregnant. 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. Robert Levine can be an acting professional, known for The Uncles (2000). . "I want to spend this time with my family. If so please contact customer support at (510) 658-9252, Password Reset Instructions have been sent to. The Allied Campaign in Italy, 1943-45: A Timeline, Part One But, he notes, "I know what will happen if I relax at all. Follow-Through - Forbes Mr. Benson remains with the company as chairman. Electronics Cabletron still moves as fast and as flexibly as a $25-million upstart. Back then, Cabletron was not only the biggest thing in town, it was the biggest employer in the state. 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. In May 1989, when Cabletron Systems Inc. went public on the New York Stock Exchange, underwriters tried to persuade the company's president and chief executive to swap his swaggering style for something tamer. In retirement, Levine built a Colorado mega-mansion with unheard-of amenities, including an ice cream parlor, two shooting ranges and a Western town with a sheriffs office, to name a few. They could tell at a glance, for instance, whether data packets were colliding. time involved to get the company to the multibillion-dollar level. As a pair, they looked comical: one short, one tall; one husky, one thin; one impulsive, one careful. In 1983, Benson and partner Robert Levine started Cabletron Systems in Levine's garage. The Massachusetts Levine Robert - Previous President for Cabletron Systems, Inc. "I'm not mechanically inclined," he says. Cabletron has needed money steadily because both Levine and. Robert Levine's House (Google Maps). Earlier in the session, it was up as much as $1.875 a share. I don't know why, but he probably thought my father would make good." Spence said she remembers it even more today, because on Sept. 13, 2001, two days after the attack, she sent an e-mail to Gary Workman, former president of Enterasys' Asia Pacific Division, saying, "I didn't care if he was on the moon, he needed to get this paper signed. Top image: US Servicemembers take cover on a beach at Paestum, south of Salerno, September 9, 1943. Cabletron Systems - Wikipedia ''His primary role has been to go all over the world talking to customers, and keeping the sales force accountable. Rochester, NH 03867 34 Raeder Dr Stratham, NH 03885 COUNTRY BROOK Stratham, NH 03885 19 Bay Shore Dr Greenland, NH . It was a way to invest in companies and give them a leg up. 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. [April 2007] Met his wife, Mary Tyler Moore, when she took her mother to the hospital and he was the doctor. 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. "If they're afraid of being fired," charges Bob Monaco, "they probably deserve to be fired.". Although Cabletron has made a few small acquisitions, it has largely sat out the furious consolidation of the networking industry. ''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. " Welts doesn't worry as much anymore. Levine, co-founder of Cabletron, is a pioneer computer-networking magnate noted by Forbes magazine. Transceivers, as Benson likes to explain, are the traffic cops of networks, transmitting and receiving signals. Self: Being Mary Tyler Moore. The complaint was filed in March 2018 for allegations of "unsuitable investment recommendations, excessive trading and misrepresentation from February 2012 until December 2017." "There is going to be another structure, and Bob and Craig know that," says Jim Sims, who also serves as a director of sales. 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. In June 2014, 55 years after his father Leon had started Family Dollar . We believe we have found the perfect fit, Levine said. C T Corporation System, agent, 4 Sep 2000 - Michael D. Myeraw, secretary, 19 Jan 1990 - S. Robert Levine . Benson's contact took the first 1,000 feet of cable off Levine's hands, paying him $10,000. Cabletron Systems, Inc. | Encyclopedia.com We don't want it to, and it won't. The other though is that Palermo is quite an easy city to navigate and get about. In 1996 the company eclipsed US$1 billion in sales. Connect with the definitive source for global and local news. The approximately $1 million bridge provides views over the Rocky MountainsSawatch mountain range and hundreds of acres of forest, said the agents. If they weren't physically there, they were on the conference calls. external affairs and corporate communications at Nynex. "There's a feel to this place," he says, furiously buttoning it. Data is a real-time snapshot *Data is delayed at least 15 minutes. Barbara Scrivens and Maria Nobrega of LIV Sotheby's International Realty are now the real estate agents trying to find a buyer to take over the sprawling estate. That's all I've ever seen," said Levine. "We pack them in like rats," says Benson. Unique features from hacker profiles to portal watch and video interviews. And she thought her role in them was relatively minor. "I started off by saying, 'For 20 days and 20 months, I had no first name and I was referred to as 03418049. A 200-foot steel bridge leads out of the property and into the forest overlooking the forest and Rocky Mountains Sawatch mountain range. Some people swear they've seen the magazine of the same name lying on his desk. As a subscriber, you have 10 gift articles to give each month. "Run the company as if it's not making money," says Bob Monaco, director of operations, "and you'll always make money. The 50,000-square-foot mega-mansion, which Levine built after retiring from tech in 1997, was built in fitting with the tech giant's unique tastes. ", 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. In this case, Merrill Lynch decided to settle after the final hearing. Benson urged him to ease up. Not part of Spence's "big three" is Craig Benson, the co-founder of Cabletron and former one-term New Hampshire governor. and WAN switches, remote access products, and advanced network and ", At the news conference, Levine said he will stay with the company until November to assure a smooth transition. He is a male registered to vote in Eagle County, Colorado. 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. in some time,'' he said. If only, Levine thought, Cabletron could find a way to test live networks. LEVINE--Robert, M.D. "Let's go over there and do it until it gets done," Benson suggested. 'Oh yeah, take all the time you need.' Current Analysis. Registered Address. Mary was my life, my light, my love. Levine and Benson listed about 20% of Cabletron on the New York Stock Exchange in their 1989 IPO. The longest any of them had lasted was six weeks. Some 4,000 people applied for the first 50 jobs. S Robert Levine Profiles in CT, DE, MA, NE, NH, and NV - Bizapedia Getty Images for IMDb. But then a series of disputes led Levine to conclude that the supplier had become "nonreactive and bureaucratic." By developing high-density 10BASE-T modules (24 or 48 ports per slot), Cabletron was able to reduce the price per port of these hubs to a very affordable level, and by introducing a custom Element Management System known as Prism, made the MMAC-8 easy to maintain. As a teenager, he "exercised the engine" of his mother's white Cordoba by zooming along at 101 miles per hour -- or at least that's what the police claimed when they caught up with him. Last summer Benson joined 40 employees for a Sunday boat trip. You never really even have to leave the estate to have fun. 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. More important, perhaps, is how Cabletron followed that initial opportunity to its next leap: network-testing devices. Levine family - Forbes