360 Productions and Scott Cramer Photography, 2023 NYP Holdings, Inc. All Rights Reserved, Car dealer sets record in Palm Beach with $170M mansion purchase, Ex-NBA star sold Fla. house because state wont accept his transgender child, Rare Hamptons home lists for the first time in 25 years, Don Lemon doesnt have to worry about leaving luxury with these homes, based on the historic Silver Dollar Bar in Jackson Hole, Inc. Magazines Entrepreneur of the Year with his co-founder, Craig Benson, in 1991, received $40 million in compensation from Merrill Lynch, the Wall Street Journal said upon the announcement he would retire. Cabletron was founded in 1983 in a Massachusetts garage by Craig Benson (who later became New Hampshire's governor) and Robert Levine. Levine was used to selling, and that was what he wanted to focus on. In a memorandum to the company's work force on Jan. 10, Mr. Levine said the bank's automatic teller machine at the Cabletron headquarters had been disconnected. C T Corporation System, agent, 4 Sep 2000 - Michael D. Myeraw, secretary, 19 Jan 1990 - S. Robert Levine . "Run the company as if it's not making money," says Bob Monaco, director of operations, "and you'll always make money. Co-founders S. Robert Levine and Craig Benson were the bad boys of the 1990s networking industry. Electronics Cabletron, headquartered in Rochester, N.H., announced Wednesday that Levine, 39, would step down Dec. 1. FINRA did not respond to a request for comment, while a spokesman for Bank of America Merrill Lynch declined to comment. Family Dollar had always been a family company. In February 1983 Levine was a sales rep for a couple of cable companies -- including Montrose Products Co., founded by his grandfather and run by his father -- when one of his accounts, in the person of Craig Benson, told him about a company that needed 1,000 feet of Teflon cable immediately. Levine thinks it's from someone he fired. "I once got a very nasty memo because my hotel was $73 a night," recalls Kenneth Levine. For many of us, Sunday nights won't be quite the same. Thank you for subscribing to Morning Headlines. public effort to promote and develop the information infrastructure. 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. When Michael Welts, marketing manager, was hired, in November 1989, he was thrilled but a little scared. More important, perhaps, is how Cabletron followed that initial opportunity to its next leap: network-testing devices. In 1987, with sales at more than $9 million, they shifted to semiautomatic machinery. Inc. 5000 Application Deadline Extended: April 28!Apply Now. A real one, with a howitzer on top and turrets that spin around. Stuart Robert Levine (born 1958) is listed at 25 Casteel Creek Rd Edwards, Co 81632 and is affiliated with the Colorado Republican Party. In fiscal 1986 installations made up roughly 10% of sales, which totaled about $4 million. S Robert Levine Profiles in CT, DE, MA, NE, NH, and NV - Bizapedia 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. 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. ``I was working full speed on that assignment with no thoughts of leaving the new Bell Atlantic, Reed said. As a subscriber, you have 10 gift articles to give each month. On that score, his latest brainstorm involved having decks of cards made up with a snapshot of his head, along with that of Craig R. Benson, chairman, treasurer, and chief operating officer, on the jokers. The individual defendants, Craig R. Benson, S. Robert Levine, David J. Kirkpatrick, Christopher J. Oliver, Paul R. Duncan, Donald F. Founder and CEO of networking hardware maker Cabletron, S. Robert Levine, will voluntarily step down. 30 Jul Merrill Lynch pays $40 million to Cabletron co-founder after A second complaint also seeking about $40 million in damages and involving the same broker is pending. (Photo by Peter Turnley/Corbis/VCG via Getty Images) That's not so easy, given that Cabletron -- like Levine -- can't sit still. A connection is made when two people are officers, directors, or otherwise . Confronted, Ayers confessed he was just worn out. Levine, 32, likes to confound expectations. Among his previous endeavors: a landscaping business that killed grass and butchered hedges, a biorhythm company that had to hand out refunds when customers discovered their charts were not individualized, and a limousine service that quickly stalled out. Now that I have your attention'". Lives in Greenwich, Connecticut with his wife, Mary Tyler Moore. ", When it all began, she said, "it was a noble thing to do. Last summer, for kicks, he chased a pizza-delivery boy, and the following day while "four-wheeling in the woods," he ran smack into a tree. Data is a real-time snapshot *Data is delayed at least 15 minutes. Craig Benson & CEO Robert Levine of Cabletron Systems, NH. 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. Right before his retirement in 1997, Levine bought the land the estate sits on for $3.32 million and spent the next four years building it out with amenities. "We've written our own rules from day one," he adds. The one-of-a-kind estate is now up for sale, listed for $42 million. 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. That complaint was brought by Craig Benson, the former governor of New Hampshire and co-founder of Cabletron with Levine, according to sources familiar with the case. "But if business ever goes bad. By 1989 Cabletron's factory was fully automated. Levine and Benson listed about 20% of Cabletron on the New York Stock Exchange in their 1989 IPO. 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. "No matter how big we get, I've got to be able to touch enough people so that the electricity zips down to everyone. Levine, it seems, can't get enough. On Wednesday, Cabletrons stock slipped 62 1/2 cents to close at $36 on the New York Stock Exchange. User promo code onward25 during checkout to save 25% on your Inman Select Membership. The other though is that Palermo is quite an easy city to navigate and get about. He nearly hits his head on the picture hanging above him -- a sentimental shot of him and Benson outside a competitor's headquarters. Characteristically, he couldn't just turn down suitors with a polite "No, thank you." Meanwhile you can send your letters to ATTN: TAX DEPT., P.O. The ice cream parlor is a fun little room that is themed, with old-fashioned ice cream glasses mounted on the gold mica flaked wallsand ice cream parlor decor. John Ford. The split was designed to increase shareholder value, and many of the shareholders were company executives. "I had never had a person work for me," says Levine, "so this was all pretty new.". His track record in entrepreneurial ventures was hardly encouraging. Cabletron Network Systems LTD - Facebook I can always stay a few minutes later. But with an almost knee-jerk machismo -- remember, their leader not only pilots a Harley-Davidson but also indulges in another dangerous pastime, to be detailed later, that recently left him with a dizzying concussion and a lost tooth -- employees disdain any signs that the company is growing soft. Sweet and salty: An estate with an ice cream parlor and jail Society Summit in Brussels in 1995. Actually, not many of the employees stuck around for long. Alongside Craig Brenson, Levine founded Cabletron in 1983. A Division of NBCUniversal. The ice cream parlor has a curved polished marble bar, copper walls and antique ice cream dishes displayed on the walls. He was known for making threats and being a wild character. For now. They could tell at a glance, for instance, whether data packets were colliding. Murdoch's News Corp (at number four) is the only gentile holdout however Rupert is as pro-Israel as any Jew, probably more so." Los Angeles Jewish Times, 'Yes, Virginia, Jews Do Control the Media', Oct. 29-Nov. 11, 1999, p. 14. Cabletron and Enterasys would then report those as sales, increasing company revenue. How long can they keep up the pace? Robert Levine Net Worth - Celebrity Net Worth Wiki This was most apparent in those three-corner deals, she said. ", But it's also a lesson learned. When customers called with problems, the only available equipment required shutting down the computer network -- testing customers' patience and often costing them money. 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. "People kept talking about how much money people were going to make when this all happened. Robert Levine can be an acting professional, known for The Uncles (2000). In re Cabletron Systems, Inc., 311 F.3d 11 | Casetext Search + Citator The two devices, which cost roughly $200,000 to produce, represented Cabletron's first foray into manufacturing. year-and-a-half ago and coaxed him into bringing aboard his experience in national and global telecommunications. They are guaranteed a response within five working days. Do Not Sell or Share My Personal Information. "Everybody does it," she said Kirkpatrick told her. Get the latest tech stories from CNET News every weekday. Craig Benson - Wikipedia It's fair to ask, though, whether Levine might grow increasingly militant as the company becomes harder and harder to push around. One of the rooms is a retro-style ice cream parlor with marble countertops and sleek cone and topping holders on the table. And she thought her role in them was relatively minor. You will be charged . Breaking news as it happens. continue to expand into the global market. All rights reserved. Connect with the definitive source for global and local news. Could I get some time? I got stung. Benson urged him to ease up. ", That, Levine would argue, simply allows the company to hold on to something much more valuable -- and easily diluted -- than its margins. 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." The approximately $1 million bridge provides views over the Rocky MountainsSawatch mountain range and hundreds of acres of forest, said the agents. 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. It feels like you are all on your own in the middle of the forest. Searching For Italy: Stanley Tucci Visits Sicily - Forbes It's a good thing too, because there wouldn't be anyplace for them to congregate. 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. Started in a Massachusetts garage by Craig Benson and Bob Levine in 1983, the company moved to Rochester, and became one of the biggest players in the emerging networking industry. 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. CABLETRON SLIDE HIT FOUNDERS HARDEST - Tech Monitor Robert Levine - IMDb In-stock items are shipped within 48 hours. US 1st Circuit Opinions and Cases | FindLaw The Registered Agent on file for this company is C T Corporation System and is located at 118 North Congress Street, Jackson, MS 39205. 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. Robert Levine's House in Edgartown, MA (Google Maps) Ex-Cabletron exec reflects: 'Why didn't I speak up?' Thirty percent of outside salespeople don't make it through the first 90 days; another 40% are gone within six months. "I'm not a mercenary or anything," he says with a smile. Shares of Cabletron, based in Rochester, N.H., slipped 62.5 cents, to $36, on the New York Stock Exchange. Want CNET to notify you of price drops and the latest stories? Then, with his father's help, he located a banker, who, he says, "kept lending us money. CABLETRON SYSTEMS, INC. :: Rhode Island (US) :: OpenCorporates Not part of Spence's "big three" is Craig Benson, the co-founder of Cabletron and former one-term New Hampshire governor. Former Enterasys CFO Bob Gagalis is still serving an 11-1/2 year term. Cabletron's uniqueness goes beyond moving faster than most companies to fill orders. Two hours later Benson joined up. 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. to leave the company about two years ago. Disappointed in one of its suppliers, the company began to shift its focus from distribution to manufacturing in 1986. in his garage in 1983, said he decided The digs are hardly ritzy: partitions, steel desks, small cubicles. As she told that business class at UNH: "You need to trust your judgment, to follow your gut. Such big-company prerogatives as vice-presidents and massive meetings have no place at Cabletron. I know that," Levine responds, shifting his boots from the desk to the floor. Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more, 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. "Their eyes lit up," Oliver recalls. As for the terms, they were taken out, but then included in a side letter. The Post attempted to reach Robert Levine, 63, for comment. She moved back home in July 2009. As generous as they are about firing, Levine and Benson are stingy about adding people -- "I don't even ask anymore," says Casson. The company's principal address is 1 Cabletron Way, P O Box 5005 Attn: Tax Dept, Rochester, NH . <br><br>Robert was the loving son of the late Charles and Mary (Reid) LeVine and grew up in Dorchester. He was known for making threats and being a wild character. ''While my style may be different, I will be just as aggressive.''. Cabletron has been known for its modular hubs and switches that support Ethernet, Token Ring, FDDI, SNA and ATM. Early spring and late summer are possibly the best for fewer visitors with warm, but . 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. We don't want it to, and it won't. Levine also owns 15 guns, which he has, on occasion, used to shoot up his own sprinkler system. One is that Palermo is a seriously sprawling space. "I want to spend this time with my family. Robert Levine wiki ionformation include family relationships: spouse or partner (wife or husband); siblings; childen/kids; parents life. The company has 3 contacts on record. "To counteract any problems associated with growth," suggests Casson, "Bob and Craig will simply shout louder.". 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. What you need to know to start your day with all the latest industry developments. Benson hired a few engineers he knew. That particular project engineer also happened to be the chairman of the company, though he didn't advertise it. They also had manufacturing facilities in Ironton, Ohio, and in Ireland. Prior to mid-1986 Cabletron worked with a worthy supplier. Bob Levine and Craig Benson built Cabletron Systems Inc. into a $100-million upstart by staying light on their feet. Then the carefully slicked-down hair and the gleaming wire-rimmed glasses give way to something slightly more, well, menacing. Registered Address. The house itself is a stylish mansion full of glass and stone. Levine was the companys chief salesman, and his hard-driving management style has defined Cabletron. ``Ill have time to meet with more employees and customers than in the past, Benson said in a phone interview. ", But at some point, he will reach his limit. Levine's perennial short sleeves strain against his imposing biceps, trophies of a decade and a half of daily weight lifting. Spence said her heart goes out to Gagalis, but he could have cooperated like she did. 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 SYSTEMS, INC. / Levine S Robert 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. Robert Levine's House in Edgartown, MA - Virtual Globetrotting ''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. Cabletron Systems - Wikipedia "I just wanted to get rid of the stuff," he says, "but people really appreciated the fast delivery.". 250 likes. But the thin ranks mean that some employees get pushed to their limits -- or beyond. ROBERT LEVINE Obituary (1934 - 2021) - Hamden, CT - New York Times Limited Time Offer: Get 1 year of Inman Select for $199, If you created your account with Google or Facebook, Leonardo DiCaprio buys $7.1M house for his mom, Channing Tatum, Jenna Dewan list Beverly Hills home for $6M, Robert Redford lists 'Horse Whisperer' ranch for $4.9M, Johnny Depp's rustic-chic home might not be rustic-chic at all, The market where rents rise faster than even New York, Highlights from Sotheby's biggest brand networking event ever, Just in time for 90th birthday, Carol Burnett's LA condo sells for $3.7M, Diversifying luxe marketing can increase income by $10s of $1,000s, The real estate agents guide to marketing with Instagram, New-home sales soar to 1-year high in March as purchases leap 9.6%. Sign up for Individual Select membership today. He runs into his office and, sidestepping some dumbbells, grabs a shirt that is hanging from the ceiling. S. ROBERT LEVINE (PRESIDENT) CABLETRON SYSTEMS, INC. NEVADA FOREIGN CORPORATION: WRITE REVIEW: Address: 701 S Carson St Ste 200 Carson City, NV 89701: Registered Agent: C T Corporation System: Filing Date: February 27, 1989: File Number: C1533-1989: View People Named S. Robert Levine in New Hampshire The Cabletron story starts in March of 1983 with then 25-year-old Robert Levine. 2400 Casteel Creek Rd, Edwards, CO 81632 | Zillow 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. Share. "At some point you get big, and that's the way it is. Though orders picked up at the rate of two or three a week, Levine did not expect much from Cabletron, and with good reason. 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. Update: A former version of this article misstated the homes listing price. NEW YORK (CNNfn) - A top executive at Nynex will become chief executive at . 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. "It's not easy to find good outside salespeople," he adds. 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. 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. It starts with the muscles. I really don't know.". 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. It's fake. And awful. Mini Biography. "At some point, we'll need more layers," says Benson. 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. To a large extent their shared contempt for this insidious enemy -- Levine calls it deadwood, while Benson refers to it as bureaucracy -- dominates Cabletron's culture. . The final chapter in Cabletron Systems Inc. 's (NYSE: CS) rocky history was closed today as the company completed its name change and the . Stuart Robert Levine's Colorado Voter Registration Robert Levine Net Worth & Biography 2022 - Stunning Facts You Need To Know Cabletron Systems, Inc. | 1997 Fortune 500 | Fortune Mary Tyler Moore's Husband Opens Up About Her Death - Heartbreaking weeks. "They see it coming. On Dec. 4, 2021, Dr. Robert Levine passed peacefully at the age of 84 with his family at his bedside in Stuart, Fla. Dr. Levine grew up on . Inside salespeople develop and qualify leads, then make appointments for the outside salespeople, who are, notes Levine, "the most expensive people I've got." "That's where the growth is right now.". Levine travels at least 30% of the time; Benson stays mostly at headquarters. 2023 CNET, a Red Ventures company. That is, until the activist investors started swarming. Company:Cabletron Systems - HandWiki Add a few hours, and the same could be said for new markets. Ken Levine | Chief Executive Officer of Comodo Cybersecurity Atlantic--expected within days, pending FCC approval--and said he Cabletron Systems, Inc. in Rochester NH - Company Profile
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