's robert levine cabletron

At the time, Levine worked as a senior fellow in the division of cardiology of Mt. Or, swept away by its continued growth, it may lose its edge. There seems to be a problem with your Inman Select Membership. . I'll hear those heels." The once-public Cabletron, a competitor to Cisco, had annual revenues at one point of more than $1 billion. Levine and Craig Benson, who is Cabletrons chairman, started the company in Levines garage in 1983 after realizing the potential need for custom cables to link personal computers. time involved to get the company to the multibillion-dollar level. The Registered Agent on file for this company is C T Corporation System and is located at 118 North Congress Street, Jackson, MS 39205. The owners plan to keep the remaining 180 acres of the parcel for themselves, listing agents told The Post. His 67-foot Hatteras is named Soldier of Fortune. He nearly hits his head on the picture hanging above him -- a sentimental shot of him and Benson outside a competitor's headquarters. The officials she testified against and helped convict got even more time. Stuart Robert Levine's Colorado Voter Registration. Cabletron's profits may be fat, but salespeople live under scrawny conditions. "I once got a very nasty memo because my hotel was $73 a night," recalls Kenneth Levine. They were not at liberty to discuss the sellers further. 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 . As a test, Levine told telemarketers to ask customers ordering cable if they were interested in having Cabletron do the job. "People said, 'This is exactly what we need," recalls Oliver. Aug. 6, 1997 1:45 p.m. PT 3 min read Cabletron Systems (CS) founder, president, and. "When we do, we optimize them by making them three times more effective.". He is also resigning his board seat at the company. One of the rooms is a retro-style ice cream parlor with marble countertops and sleek cone and topping holders on the table. The amenities lodge is attached to an indoor sports field primarily used for baseball, said the listing agents. But some of his motivational techniques for his sales force _ such as singing bawdy songs and dressing up in a leather motorcycle outfit _ have come under fire from customers. Stuart Robert Levine (born 1958) is listed at 25 Casteel Creek Rd Edwards, Co 81632 and is affiliated with the Colorado Republican Party. "I want control over the people who sell my product," Levine says. "If they're afraid of being fired," charges Bob Monaco, "they probably deserve to be fired.". 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 . The company was an early manufacturer of ethernet and other networking equipment necessary to make the internet. Cabletron, R.I.P. . Self: Being Mary Tyler Moore. Could it be the beginning of a bureaucracy? Cabletron's success, thus far, has been built on knowing what it isn't; now it must define what it is. Along with eight bedrooms and 10 bathrooms, the estate boasts an ice cream parlor, guest suites modeled after the Wild West and a suite that looks like a jail. 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. Levine has no plans to start another company. This area is patterned after, and is just a play on the old wild west and is much more fun than a big garage apartment and gas station.. Cabletron ultimately developed its own routing capability, but found it increasingly difficult to compete at the low end of the Ethernet market and continue to invest in high-end routing technology. They received the spreadsheets that were maintained. "I had heard about the people who had preceded me," he says. The Cabletron story starts in March of 1983 with then 25-year-old Robert Levine. "I'm not mechanically inclined," he says. The company also developed a reputation for its advanced SPECTRUM network . It doesn't feel like there are 1,300 people here. It was what she calls the "big three": Kirkpatrick, Cabletron chief executive Piyush Patel and vice president Eric Jaeger. Cabletron and Enterasys would then report those as sales, increasing company revenue. He'd say, 'Welts, we have to talk.' The emptiness I feel without her with me is without bottom. Levine and Benson, in fact, would play off each other in ways no one could ever have anticipated. Add a few hours, and the same could be said for new markets. Reed's first day as head of the Spence said she was referring to so-called "three-corner deals," some of which a federal jury later concluded violated securities law. A real one, with a howitzer on top and turrets that spin around. There are two Wild West guest suites, one with a pretend prison. Guest accommodations also include a caretakers home, a non-West-themed guest suite and three guest houses, according to the Castle Creek Retreat website. His office looks like a fun-house version of a standard CEO's work space. Search our database of over 100 million company and executive profiles. You will be charged . An 8.5% unemployment rate and space at $1.40 per square foot. But the thin ranks mean that some employees get pushed to their limits -- or beyond. Beyond that, though, they were helpless. <br><br>Robert was the loving son of the late Charles and Mary (Reid) LeVine and grew up in Dorchester. "Let's go over there and do it until it gets done," Benson suggested. [1] As manufacturing and design operations expanded, Cabletron relocated to Rochester, New Hampshire, employing 6,600 people at its peak. One is that Palermo is a seriously sprawling space. Benson alleges Kenahan made similar churning violations, a FINRA public disclosure says. That's not so easy, given that Cabletron -- like Levine -- can't sit still. Only 3 days left to register for Inman Connect Las Vegas before prices go up! 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. Robert Levine Net Worth is $600,000. Two weeks later, she was in a training class as an inside sales rep. Spence worked her way up to become head of worldwide sales, with 635 people under her. [citation needed], Cabletron was founded in 1983 in a Massachusetts garage by Craig Benson (who later became New Hampshire's governor) and Robert Levine. It's fake. It was the $3.5 million Ariel deal that sent Spence to federal prison. The owner was trying to make it so that whenever you come around a bend, or wherever you turn, or whenever you peek inside a door, you discover something you wouldnt expect, Scrivens told The Post. When Michael Welts, marketing manager, was hired, in November 1989, he was thrilled but a little scared. Reed said he made the choice to join Cabletron within the last two Robert Levine (l.) and Craig Benson are co-founders of Cabletron, a company that makes hubs to connect computer networks. "Maybe he didn't want to know. 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. The bump came in 2001. The digs are hardly ritzy: partitions, steel desks, small cubicles. Nynex and was going to bring to Bell Atlantic.". "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. Reed was named president and group executive of Nynex in January 1995. Now, a year out of federal prison, Spence maintains that the wrong people went to jail. " Welts doesn't worry as much anymore. To keep costs down, Levine has hardly modified the telemarketing system that his brothers perfected back in his garage days. He has made several guest appearances on sitcoms, produced films and television, and does voice work. "But we have to preserve the spirit.". Earlier in the session, it was up as much as $1.875 a share. Mr. Levine and Mr. Benson were furious. As for the terms, they were taken out, but then included in a side letter. If they weren't physically there, they were on the conference calls. Though hardly sentimental, Levine has held tight to the principle that rewarded Cabletron with such staggering growth: keep your promises, and customers will take care of the rest. It's a good thing too, because there wouldn't be anyplace for them to congregate. '', For his part, Mr. Reed said he was attracted to Cabletron in large part because of its culture, and lack of bureaucracy. John Ford. So yes, I am guilty for that. Robert Levine's House (Google Maps). That's an important role, so I hope they find somebody to fill that function. Benson hired a few engineers he knew. The advisor involved is Charles Kenahan, according to FINRA's BrokerCheck. Early life and business career. Three-corner deals became a big deal up to and during the launch of Enterasys. 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. 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. It's fair to ask, though, whether Levine might grow increasingly militant as the company becomes harder and harder to push around. Robert Levine. He soon found out why. In 1996 the company eclipsed US$1 billion in sales. On Wednesday, Cabletrons stock slipped 62 1/2 cents to close at $36 on the New York Stock Exchange. There is a curved seating area and an area for toppings to have an ice cream party, co-listing agent Malia Nobrega of LIV Sothebys International Realty told The Post. You will receive additional instructions via email. Levine had seen that happen many times. With Cabletron stock trading at about $25 last fall, Levine and Benson's combined ownership was worth about $440 million. But "my actions, by pushing this paperwork through, allowed the company to make the quarter. Subscribe to Inman Select for Breaking News and Exclusive Industry Content. 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. Levine would then emerge as one of the early tech moguls of the 1990s Forbes Magazine estimated his worth to be at around $625 million in 2001. The case. Jack Branowski, who is a director of sales, has 17 people reporting to him. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. And "if you use a flip chart, you don't belong here," he says. He emerged with one less tooth and a concussion. The buddy with him got 17 stitches. The complaint was filed in March 2018 for allegations of "unsuitable investment recommendations, excessive trading and misrepresentation from February 2012 until December 2017." 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. 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 . NEW YORK (CNNfn) - A top executive at Nynex will become chief executive at . 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. Even in the fiscal year that ended February 28, 1984, when Cabletron amassed more than $120,000 in sales, Levine had begun seeking his fortune in real estate, inspired by a careful reading of the Forbes 400. [citation needed]. With summers that last from April to October and mild winters, Palermo is a year-round destination. "I knew he was heading for me, so I'd stand up. "I'm going to bury him on Saturday. And 250,000 shares were sold to the employees at $4 a share even though the offering price was $15.50. Shares of Cabletron, based in Rochester, N.H., slipped 62.5 cents, to $36, on the New York Stock Exchange. No revelation there. As a subscriber, you have 10 gift articles to give each month. 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. 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. That arbitration case was filed with FINRA in February 2018 and is pending. In this case, Merrill Lynch decided to settle after the final hearing. The current status of the business is Inactive. "I don't know who that guy is," he admits. People would say, 'I don't want to do that,' and they would say, 'You find a way to make them do it.'". Top image: US Servicemembers take cover on a beach at Paestum, south of Salerno, September 9, 1943. The daughter of a lobsterman who later went on to work at the Rochester General Electric plant, Spence was a high school cheerleader pursuing a degree at UNH. August 6, 1997: 8:30 a.m. '', See the article in its original context from. But by the summer of 1984, Cabletron had moved into a 4,000-square-foot office in Ashland, Mass. Here was Benson, three years older, always urging that they think things through. 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 has been known for its modular . Cabletron Systems, Inc. Inactive 1988 20 President Excel Connections for Levine Robert. Mary was my life, my light, my love. Levine travels at least 30% of the time; Benson stays mostly at headquarters. 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. [5], Learn how and when to remove this template message, "Chmn. 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. 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. Last year the company fired more than 10% of its white-collar employees. "I want to spend this time with my family. Spence sent Workman an e-mail to take out the problematic terms and date the papers to "coincide with the [purchase] order," in order to count it as revenue. Levine had a habit of wearing ostrich-skin boots and once used an armored tank to chase away a pizza delivery worker. The early products were critical in the history of Ethernet as 10BASE5 Ethernet was generally difficult to operate and maintain and cabling problems were especially difficult to diagnose. Levine, 32, likes to confound expectations. They said the case went to a final hearing in front of an arbitration panel before Merrill decided to settle. For more details on our payment terms and how to cancel, click here. "There are very few people who can take a company from zero to a It starts with the muscles. If someone would say, 'This deal is not going to work out,' they would say, 'Why don't you try harder? His track record in entrepreneurial ventures was hardly encouraging. Do Not Sell or Share My Personal Information. Bank of America Merrill Lynch has paid a hefty $40 million to settle "churning" allegations involving a former broker, according to filings and sources familiar with the case. However, the Nynex-Bell Atlantic deal is expected to be completed this week, and he decided two weeks ago it was a good time for him to move on, he said. Colorado mega-mansion built by tech entrepreneur has its own Old West-style town with a saloon and sheriff's jail . 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 Forbes 400 member S. Robert Levine has stayed decidedly unbusy since retiring in 1997, at the ripe old age of 39. "We pack them in like rats," says Benson. Unique features from hacker profiles to portal watch and video interviews. A second complaint also seeking about $40 million in damages and involving the same broker is pending. [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. It would be easy to pass off Levine and Benson's rejection of such big-company practices as superficial -- and, at times, absurd. "Basically buying people's business," Spence said. It has even instituted a special program whereby salespeople hand out forms to customers, who are invited to fax in their product suggestions. "I'd sit in his car and find invoices between the seats," recalls Levine. But aside from that, there was more commonality than differences. "My husband just died," she told the agent. I got stung. He joined New England Telephone in 1966. Toppings are stored right in the counter of this room, made specifically for cold, sweet treats, photos show. 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. Now that I have your attention'". 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. "Everybody does it," she said Kirkpatrick told her. "I don't think so. "At some point, we'll need more layers," says Benson. But most CEOs find it harder to remember, and more challenging to follow through on, as revenues soar. -. "I started off by saying, 'For 20 days and 20 months, I had no first name and I was referred to as 03418049. 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. In 1983, Benson and partner Robert Levine started Cabletron Systems in Levine's garage. In 1987, with sales at more than $9 million, they shifted to semiautomatic machinery. "I've never run a multibillion-dollar company beforeI grew up in Cabletron. The company moved to Rochester, New Hampshire in 1985 and went public . The pressure will be on Mr. Reed to put Cabletron back on the growth curve. Robert Levine can be an acting professional, known for The Uncles (2000). Though orders picked up at the rate of two or three a week, Levine did not expect much from Cabletron, and with good reason. The approximately $1 million bridge provides views over the Rocky MountainsSawatch mountain range and hundreds of acres of forest, said the agents. "There's a feel to this place," he says, furiously buttoning it. Get out of here. Don Reed, president and group executive at "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. Get the latest tech stories from CNET News every weekday. People also asked If it doesn't feel right, don't do it. Inc. 5000 Application Deadline Extended: April 28! He is also well known to radio and . Fine, Levine would say. Benson did not want to end up jobless, especially with his wife about seven months pregnant. Webb, executive vice president and general counsel. "Their enthusiasm was a breath of fresh air," says John Casson, head of international operations. The Massachusetts 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%. "I had never had a person work for me," says Levine, "so this was all pretty new.". ``Ill have time to meet with more employees and customers than in the past, Benson said in a phone interview. 250 likes. Bob Lepine is the Lead Pastor at Redeemer Community Church in Little Rock, Arkansas which he helped plant in 2008. Mr. Benson said Mr. Levine's unusual style had nothing to do with the decision to seek a new chief executive. There's no missing it: Cabletron clings to a distinct identity. View Levine S Robert's profile for company associations, background information, and partnerships. Inc. 5000 Application Deadline Extended: April 28!Apply Now. Back in 1984, when local-area networking was still new, customers asked for recommendations about whom they should have install it. As a result, Cabletron has grown much faster, and more daringly, than anyone might have expected. Levine must confront a sensitive and pivotal dilemma: how can Cabletron stay speedy while it grows huge? Share. With their go-ahead, Oliver handed out 100 transceivers for testing. I should have watched that over and over again because it was corporate greed it at its best.". Bob also hosts Mornings on Family Radio, a network of more than 70 radio stations in the US. Revenue grew just 12 percent, to $362.7 million, from $323.5 million in the first quarter of the 1997 fiscal year. systems management software. Dr. Please contact the parent account holder or Inman customer service @ 1-800-775-4662 customerservice@inman.com. Levine and Benson listed about 20% of Cabletron on the New York Stock Exchange in their 1989 IPO. And she thought her role in them was relatively minor. Benson and S. Robert Levine founded Cabletron in 1983 and moved it to New Hampshire in 1985. In its first quarter, ended May 31, Cabletron disappointed Wall Street with earnings of $58.8 million, or 38 cents a share, just slightly above the $57.1 million, or 37 cents a share, it had reported a year earlier. One way Cabletron keeps the staff small is by giving employees enormous autonomy; for example, salespeople have lots of latitude on pricing. Benson had his doubts. Wiki Bio of Robert Levine net worth is updated in 2023. The Martha's Vineyard Times. Walk away. Bob Levine and Craig Benson built Cabletron Systems Inc. into a $100-million upstart by staying light on their feet. And awful. In 1987 Levine was dissatisfied with a consultant Cabletron had hired to beef up business abroad. If they said yes, Cabletron sent a project engineer out to meet with them. and WAN switches, remote access products, and advanced network and Many a growing company forgets the lessons of its earlier days. Consider this: though Cabletron has long left its original niche (and the one after that) behind, though 25% of its sales now come from abroad, though the computer-networking industry has exploded in recent years, the company has held on to something that most small companies can't help let slip as they grow.

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