"Let's go over there and do it until it gets done," Benson suggested. Cabletron was truly born to run. 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. They could tell at a glance, for instance, whether data packets were colliding. ``Frankly, we wouldnt just turn Cabletron over to just anybody. Nynex, was appointed to fill the chief executive slot. In 1988 the company earned the #7 spot on the Inc. 500, our ranking of the fastest-growing small private companies. Ken Levine is a fifteen-year cybersecurity industry veteran and brings a wealth of knowledge to Comodo. The advisor involved is Charles Kenahan, according to FINRA's BrokerCheck. Robert C. LeVine, 77 of East Bridgewater died peacefully on June 23. But by the summer of 1984, Cabletron had moved into a 4,000-square-foot office in Ashland, Mass. 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. Cabletron was founded in 1983 in a Massachusetts garage by Craig Benson (who later became New Hampshire's governor) and Robert Levine. "I've got to get going," he says, checking to see if the weather will accommodate his flight plans. Cabletron, headquartered in Rochester, N.H., announced Wednesday that Levine, 39, would step down Dec. 1. The company has 3 contacts on record. 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. His 67-foot Hatteras is named Soldier of Fortune. If it doesn't feel right, don't do it. "He should have run, but he also didn't speak up.". It was like nothing could go wrong for so long, and then all of a sudden we hit that bump.". The Nynex executive has been negotiating his company's merger with Bell In this case, Merrill Lynch decided to settle after the final hearing. Not wanting to sully their high-tech image -- or tie up inventory dollars in low-margin fare -- few computer companies supplied the cable. continue to expand into the global market. Levine amassed a fortune Forbes estimates at $625 million at. ''Bob is a flamboyant, energetic motivator, and as such, he has motivated people much like a football coach,'' he said. Robert Levine's House (Google Maps). With summers that last from April to October and mild winters, Palermo is a year-round destination. 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. "Four of the largest five entertainment giants are now run or owned by Jews. Last spring, Casson approached Levine and Benson about opening a subsidiary in Australia. In charge of this transition were Patel, Kirkpatrick and Jaeger, who came from Ropes & Gray, Cabletron's law firm. "But we have to preserve the spirit.". Is this management by fear? Ultimately, the two founders persuaded Mr. Reed. Top headlines from around the real estate industry. Thirty percent of outside salespeople don't make it through the first 90 days; another 40% are gone within six months. The problem, said prosecutors and a jury agreed was that the deals were primarily done to increase the company's sales before the quarter, and that auditors were not told about the connection between the loans and the revenue. The town's winning traits? "People kept talking about how much money people were going to make when this all happened. "The class that I am taking now is about business ethics," she said. Cabletron was founded by S. Robert Levine and Craig Benson. And she doesn't think businesses would be reluctant to hire a convicted felon. "When we do, we optimize them by making them three times more effective.". 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. He has been married to Mary Tyler Moore since November 23, 1983. Mini Biography. It is just gorgeous out there with the purple-pink peaks, said Nobrega. 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. 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 lawyers wrote all the agreements. Such big-company prerogatives as vice-presidents and massive meetings have no place at Cabletron. Cabletron has been known for its modular . The few white-collar criminals were primarily there for embezzlement. I really don't know.". Search our database of over 100 million company and executive profiles. 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. "There's a feel to this place," he says, furiously buttoning it. Some people swear they've seen the magazine of the same name lying on his desk. Between 1987 and 1988, sales shot up more than 160%, from about $9.5 million to almost $25 million. 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%. Bob Lepine is the Lead Pastor at Redeemer Community Church in Little Rock, Arkansas which he helped plant in 2008. Connect with the definitive source for global and local news. The bump came in 2001. In 1987 Levine was dissatisfied with a consultant Cabletron had hired to beef up business abroad. Prior to mid-1986 Cabletron worked with a worthy supplier. As a pair, they looked comical: one short, one tall; one husky, one thin; one impulsive, one careful. A real one, with a howitzer on top and turrets that spin around. "I never had anything to do with Asia. How long can they keep up the pace? The company also developed a reputation for its advanced SPECTRUM network . Defendant Cabletron is a New Hampshire corporation in the business of manufacturing and selling networking hardware and software for large enterprise computer networks. For more details on our payment terms and how to cancel, click here. If someone would say, 'This deal is not going to work out,' they would say, 'Why don't you try harder? Meanwhile you can send your letters to ATTN: TAX DEPT., P.O. The company also developed a reputation for its advanced SPECTRUM network . 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. Beyond that, though, they were helpless. The complaint was filed in March 2018 for allegations of "unsuitable investment recommendations, excessive trading and misrepresentation from February 2012 until December 2017." I'm not working here," she said. "I want to spend this time with my family. In 1987, with sales at more than $9 million, they shifted to semiautomatic machinery. I'm sure it's a big deal to the people at Cabletron.''. 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. "I hated him," says Benson, who was eventually persuaded to give the new hire a chance. The amenities lodge is attached to an indoor sports field primarily used for baseball, said the listing agents. 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. Confronted, Ayers confessed he was just worn out. A connection is made when two people are officers, directors, or otherwise . It looks like youre already a Select Member! "At some point you get big, and that's the way it is. Actually, not many of the employees stuck around for long. " Welts doesn't worry as much anymore. 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. . Such trigger-happy behavior takes a toll on morale. Dr. S. Robert Levine, a physician, became Moore's husband in 1983. "We can ship a large order and rebuild stock very quickly," notes Kenneth Levine. A 200-foot steel bridge overlooking the Rocky Mountains Sawatch mountain range leads out of the property and into the forest. 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. Robert Levine, the founder the 1990s computer networking firm Cabletron . Instead, cable now constitutes less than 7% of sales. 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. "very open and very customer-focused. They sniff things out." 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. Levine's perennial short sleeves strain against his imposing biceps, trophies of a decade and a half of daily weight lifting. Cabletron's turnover is already worrisome. Free and open company data on Rhode Island (US) company CABLETRON SYSTEMS, INC. (company number 000057845), PO BOX 5005, ROCHESTER, NH, 03867-00505 The Massachusetts FINRA arbitration is not a public forum and is used as an alternative to litigation or mediation in order to resolve a dispute. The ice cream parlor has a curved polished marble bar, copper walls and antique ice cream dishes displayed on the walls. 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. All rights reserved. That particular project engineer also happened to be the chairman of the company, though he didn't advertise it. Kenahan and Levine could not immediately be located for comment. and WAN switches, remote access products, and advanced network and Cabletron sells intranet and Internet networking hardware, including LAN His toughness arises from a need to prove something. Founder of Cabletron Systems, an internet networking company in New Hampshire that once rivaled Cisco, but went belly-up, owns this house. It would be wrong to present Bob Levine's need for speed as simply a strategic imperative. 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. The digs are hardly ritzy: partitions, steel desks, small cubicles. "With those three people, the culture changed," said Spence. The current status of the business is Inactive. They'll figure it out, right?". "We don't research the hell out of something before we do it," Levine says. Commissioner Spence said her heart goes out to Gagalis, but he could have cooperated like she did. At McAfee, Ken was SVP and GM of the security management business unit. Earlier in the session, it was up as much as $1.875 a share. There's no missing it: Cabletron clings to a distinct identity. 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. You will be charged . Actor Robert Hays is doing a variety of things these days. "I don't know who that guy is," he admits. For now. And hardly any of them delivered it in less than six months. "I couldn't," he says with a shrug. Accoridng to the NY Times, the couple wedded in the Pierre Hotel. Levine travels at least 30% of the time; Benson stays mostly at headquarters. 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. He must have felt like he was drinking from a fire hose," she said. Then the carefully slicked-down hair and the gleaming wire-rimmed glasses give way to something slightly more, well, menacing. Spence said she spent up to 300 days in preparation for testifying at her trial in December 2006, giving prosecutors a detailed map of the three-corner deals. When customers called with problems, the only available equipment required shutting down the computer network -- testing customers' patience and often costing them money. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and . Fine, Levine would say. What began as a part-time venture in a garage evolved into a billion dollar company by 1996. "They get wrapped up in their titles instead of getting work done," he says. "Get this," he'd brag to Benson, "I just made a 100% margin." Levine began with $100,000 of his own money. "My husband just died," she told the agent. A second complaint also seeking about $40 million in damages and involving the same broker is pending. It's fake. ''For a year or more, they've been revamping sales and marketing, and as they got more professional management, I think these guys bridled more at Bob Levine's style,'' said Paul Johnson, an analyst with Robertson, Stephens. If they weren't physically there, they were on the conference calls. 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. Reed said he made the choice to join Cabletron within the last two Profile of this year's Entrepreneur of the Year winners. 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 . 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. I got stung. public effort to promote and develop the information infrastructure. There have been no vice-presidents since. Walk away. Gayle Spence said she asked David Kirkpatrick, then chief financial officer of Cabletron Systems, at the time in 2001 when the Rochester company was spinning off Enterasys Networks. The normal lead time would have been about six months. That is, until the activist investors started swarming. "And we don't have to deal with upset customers." The lean company could, quite literally, work itself to death. The Post attempted to reach Robert Levine, 63, for comment. Although Cabletron has made a few small acquisitions, it has largely sat out the furious consolidation of the networking industry. [citation needed]. To subscribe to exclusive newsletters, visit your email preferences in the account settings. 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. NEW YORK (CNNfn) - A top executive at Nynex will become chief executive at . Analysts had expected 50 cents. Spence said she was referring to so-called "three-corner deals," some of which a federal jury later concluded violated securities law. ", A refreshed look at leadership from the desk of CEO and chief content officer Stephanie Mehta, This site is protected by reCAPTCHA and the Google. Rochester, NH 03867 34 Raeder Dr Stratham, NH 03885 COUNTRY BROOK Stratham, NH 03885 19 Bay Shore Dr Greenland, NH . Now, a year out of federal prison, Spence maintains that the wrong people went to jail. weeks. Levine fires any salesperson who flies during company time. "I just wanted to get rid of the stuff," he says, "but people really appreciated the fast delivery.". Inside salespeople develop and qualify leads, then make appointments for the outside salespeople, who are, notes Levine, "the most expensive people I've got." Along with eight bedrooms and 10 bathrooms, the estate has an ice cream parlor, guest suites modeled after the Wild West as well as one guest suite made to look like a pretend prison. Tuesday, I received my indictment papers. That's no surprise since Palermo is the largest city in Sicily and one of the largest in Italy. Robert Levine (l.) and Craig Benson are co-founders of Cabletron, a company that makes hubs to connect computer networks. 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 addition to his work with Nynex, Reed is also involved in the global 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. That left Levine with 9,000 feet, which he needed to sell within 90 days, when his bill came due. Theyre [the owners] all about creating experiences, and because were in Colorado, that Western theme came through, Scrivens told The Post. FINRA did not respond to a request for comment, while a spokesman for Bank of America Merrill Lynch declined to comment. Ken was CEO of then start-up NitroSecurity, a SIEM platform, before a successful acquisition by McAfee in 2011. I dont know of another place like it, co-listing agent Barbara Scrivens of LIV Sothebys International Realty told The Post. God, how stupid could I have been? It used to be that Levine could make the rounds of all the salespeople in a month. 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.
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