"Maybe he didn't want to know. It feels like you are all on your own in the middle of the forest. I was a prisoner in a federal women's camp. Leading commentary by award-winning journalists. I really don't know.". 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. In 1983, Benson and partner Robert Levine started Cabletron Systems in Levine's garage. It was a way to invest in companies and give them a leg up. 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. "Bob doesn't like authority," he notes. In making the announcement, Benson emphasized Reed has a different management style, but Reed said he has no immediate plans to make changes. When the company went public, they gave away $2.3 million worth of shares to employees. FINRA did not respond to a request for comment, while a spokesman for Bank of America Merrill Lynch declined to comment. Colorado mega-mansion built by tech entrepreneur has its own Old West-style town with a saloon and sheriff's jail . Levine travels at least 30% of the time; Benson stays mostly at headquarters. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and . 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. She never finished school and went to work, ending up working for a Rochester travel agency that managed the Cabletron account. Thank you for subscribing to Morning Headlines. "I didn't want some venture capitalist coming in and telling us what to do," Levine says. ", She said she doesn't necessarily think her specific action in sending the e-mail about Ariel "was wrong" ("I was pushing it through based on a request from Bob Gagalis," she said.) He currently serves as a To subscribe to exclusive newsletters, visit your email preferences in the account settings. Some companies realized they needed cable only after their minicomputers had arrived, or they suddenly discovered that the new floor plan in sales would require 20 additional feet of cable. But while she was at college, her dad died unexpectedly, and she got in a serious car accident. He is, after all, prone to excess. One of the rooms is a retro-style ice cream parlor with marble countertops and sleek cone and topping holders on the table. 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. Now he's lucky to visit them all in a year. Levine must confront a sensitive and pivotal dilemma: how can Cabletron stay speedy while it grows huge? Stuart Robert Levine (born 1958) is listed at 25 Casteel Creek Rd Edwards, Co 81632 and is affiliated with the Colorado Republican Party. Registered Address. The CABLETRON SYSTEMS, INC. principal address is 35 INDUSTRIAL WAY, P.O. A second complaint also seeking about $40 million in damages and involving the same broker is pending. 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. Reed said he made the choice to join Cabletron within the last two Confronted, Ayers confessed he was just worn out. 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. Top image: US Servicemembers take cover on a beach at Paestum, south of Salerno, September 9, 1943. Robert Levine, the founder the 1990s computer networking firm Cabletron . The town's winning traits? "They see it coming. ''Really, he hadn't functioned in the traditional role of a C.E.O. telecomunications experience as a 30-year veteran of Nynex provides A large part of this walkability is due to . Bob Levine and Craig Benson built Cabletron Systems Inc. into a $100-million upstart by staying light on their feet. The . Your subscription will automatically renew for on . Mini Biography. "Their enthusiasm was a breath of fresh air," says John Casson, head of international operations. An 8.5% unemployment rate and space at $1.40 per square foot. That was why a shortened quarter (because Enterasys was changing its fiscal year) of one month in September was so crucial. Characteristically, he couldn't just turn down suitors with a polite "No, thank you." By 1989 Cabletron's factory was fully automated. 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. With Cabletron stock trading at about $25 last fall, Levine and Benson's combined ownership was worth about $440 million. Levine was a Forbes 400 member with a net worth estimated at $625 million by Forbes in 2001. It was sold in 1998 to a private company. At the time of their nuptials Moore was 45 and Levine 29-years-old. Two hours later Benson joined up. He has been married to Mary Tyler Moore since November 23, 1983. ``Don also has the contacts, contacts that I was never able to develop, maybe just because I havent been around long enough. Founder of Cabletron Systems, an internet networking company in New Hampshire that once rivaled Cisco, but went belly-up, owns this house. Levine has also been expanding what he refers to as a management SWAT team. Levine and Benson also pay well. Cabletron, R.I.P. "We needed more people," says Ayers, 36, "and we weren't getting them." John Ford. 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. He bought a tank. 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. 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. There's nothing wrong with that, of course; every founder stamps his or her quirks on the business. Links: www.cbsnews.com 2,157 views 1.0 ( 1 votes) Categories Buildings > Residential Comments Policies 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. 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. The once-public Cabletron, a competitor to Cisco, had annual revenues at one point of more than $1 billion. Sinai Medical Center. This practice is commonly called churning. "They were present at the weekly meetings. (Photo by Peter Turnley/Corbis/VCG via Getty Images) Unconventional style may have got us where we are; conventional thinking would have never started the company. Benson did not want to end up jobless, especially with his wife about seven months pregnant. Cabletron doesn't waste any time deciding whether to make the products its customers suggest. The loans started at $50,000. Levine, it seems, can't get enough. The officials she testified against and helped convict got even more time. Only 3 days left to register for Inman Connect Las Vegas before prices go up! ''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. At Nynex, Reed is being replaced by Morrison DeS. Recently, Levine and Benson hired a couple of high-powered executives: one to serve as chief financial officer, the other as director of manufacturing. Add a few hours, and the same could be said for new markets. Benson, 42, will continue as chairman, focusing on strategic company issues, while giving day-to-day responsibilities to Reed. FINRA's BrokerCheck system data indicates that the settlement is the largest involving an individual claimant out of over 29,000 in the last decade, according to Craig McCann, the founder and principal of Securities Litigation and Consulting Group. The company could have grown at 10% a year simply by becoming unbeatable in cable delivery, its original niche. If they said yes, Cabletron sent a project engineer out to meet with them. 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 . 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. By early 1985 the company was taking out loans of $850,000, borrowing against inventory and accounts receivable. He arranged to give the U.S. Forest Service 301 acres of land in exchange for a smaller, 119-acre parcel in 2002, local reports show. 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. "There are very few people who can take a company from zero to a She met her husband Luke Luacaw, the head of security for Levine. One had not even started yet. A connection is made when two people are officers, directors, or otherwise . The individual defendants, Craig R. Benson, S. Robert Levine, David J. Kirkpatrick, Christopher J. Oliver, Paul R. Duncan, Donald F. "But we have to preserve the spirit.". Reed will resign from his post as president and group executive for Its very playful and all about discovery.. As a pair, they looked comical: one short, one tall; one husky, one thin; one impulsive, one careful. . Levine had seen that happen many times. ", Of course, neither Cabletron's sales, nor profits, nor quality show any signs of eroding. The case involved allegations of churning against former Merrill broker Charles Kenahan. For instance, despite "some very scary days," Levine and Benson steadfastly refused any equity capital early on. Coalesce's Select Membership is no longer active. But as it turns out, there was nothing frivolous about their partnership. 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. But, he notes, "I know what will happen if I relax at all. He soon found out why. Benson and Levine said Reeds international experience also attracted them, as the computer company tries to expand its overseas operations. 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. Levine began with $100,000 of his own money. "Let's go over there and do it until it gets done," Benson suggested. The company's two founders, chairman Craig Benson and chief executive Robert Levine lost a whopping $605m of their combined net worth, according to a Reuters report. ''What started this was Bob and I realized that we needed to do some things differently, and he realized he wanted to do some things outside of work,'' Mr. Benson said. About Levine family. But the thin ranks mean that some employees get pushed to their limits -- or beyond. Barbara Scrivens and Malia Nobrega of LIV Sothebys International Realty are the listing agents for the estate. "That's where the growth is right now.". ", But at some point, he will reach his limit. 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 I even have a sniff that something is wrong, my hand is going up. He runs into his office and, sidestepping some dumbbells, grabs a shirt that is hanging from the ceiling. "I don't know who that guy is," he admits. ", When it all began, she said, "it was a noble thing to do. Some people swear they've seen the magazine of the same name lying on his desk. Levine helped Cabletron cofounder Craig Benson find Reed about a 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. 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. 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. NEW YORK (CNNfn) - A top executive at Nynex will become chief executive at . 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.. Such "box movers," as he calls resellers, have no incentive to excel at customer service. The company moved to Rochester, New Hampshire in 1985 and went public . "Using the company's money to buy product in someone else's name. C T Corporation System, agent, 4 Sep 2000 - Michael D. Myeraw, secretary, 19 Jan 1990 - S. Robert Levine . The emptiness I feel without her with me is without bottom. "Maybe he was doing the 'don't ask, don't tell,'" she said, laughing. They could tell at a glance, for instance, whether data packets were colliding. Edwards, Colorado. Levine's perennial short sleeves strain against his imposing biceps, trophies of a decade and a half of daily weight lifting. You will receive additional instructions via email. Bob Lepine is the Lead Pastor at Redeemer Community Church in Little Rock, Arkansas which he helped plant in 2008. 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. It was like nothing could go wrong for so long, and then all of a sudden we hit that bump.". 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. Some 4,000 people applied for the first 50 jobs. We don't want it to, and it won't. 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. The Cabletron culture 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. 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. He was previously married to Mary Tyler Moore. Levine, more interested in lifting sales than morale, was hard on them. Levine had a habit of wearing ostrich-skin boots and once used an armored tank to chase away a pizza delivery worker. "We can ship a large order and rebuild stock very quickly," notes Kenneth Levine. For more details on our payment terms and how to cancel, click here. ``Ill have time to meet with more employees and customers than in the past, Benson said in a phone interview. 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. If they weren't physically there, they were on the conference calls. Levine and Benson, in fact, would play off each other in ways no one could ever have anticipated. I don't know why, but he probably thought my father would make good." 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. 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. "All I could think of was the thousands of people that lost their lives, our customer base that was so incredibly impacted, the state of the country and all they were worried about how we were going to look to Wall Street," said Spence. 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 "You gotta help me," he pleaded to Benson. Shares of Cabletron, based in Rochester, N.H., slipped 62.5 cents, to $36, on the New York Stock Exchange. "I hated him," says Benson, who was eventually persuaded to give the new hire a chance. 2400 Casteel Creek Rd, Edwards CO, is a Single Family home that contains 30350 sq ft and was built in 2001.It contains 8 bedrooms and 16 bathrooms.This home last sold for $40,000,000 in November 2022. Inc. 5000 Application Deadline Extended: April 28!Apply Now. That is, until the activist investors started swarming. It starts with the muscles. 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. But even in making difficult and defining strategic decisions, the pair have consistently kept flexibility and speed as their top priorities. User promo code onward25 during checkout to save 25% on your Inman Select Membership. "With those three people, the culture changed," said Spence. We believe we have found the perfect fit, Levine said. Inc. 5000 Application Deadline Extended: April 28! He nearly hits his head on the picture hanging above him -- a sentimental shot of him and Benson outside a competitor's headquarters. 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. "To counteract any problems associated with growth," suggests Casson, "Bob and Craig will simply shout louder.". Patel, with Benson's approval, engineered the breakup of Cabletron into four companies, the largest being Enterasys. "I think I am an asset to any company who has the desire to go public or who is currently publicly traded. Atlantic--expected within days, pending FCC approval--and said he I can always stay a few minutes later. To keep costs down, Levine has hardly modified the telemarketing system that his brothers perfected back in his garage days. The 30,000-square-foot glass and stone home has eight bedrooms, 10 full bathrooms and six powder rooms and that doesnt include the 28,000-square-foot amenities lodge and the almost 10,000-square-feet of guest lodging. "I never had anything to do with Asia. 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. At McAfee, Ken was SVP and GM of the security management business unit. Benson attended Chatham High School in Chatham, New Jersey.After receiving a bachelor's degree in finance from Babson College in 1977, Benson attended Syracuse University, graduating with an MBA in 1979.. He will be. 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. The final chapter in Cabletron Systems Inc. 's (NYSE: CS) rocky history was closed today as the company completed its name change and the . Founder and CEO of networking hardware maker Cabletron, S. Robert Levine, will voluntarily step down. Which is, to be sure, a remarkable achievement. His track record in entrepreneurial ventures was hardly encouraging. Back in 1984, when local-area networking was still new, customers asked for recommendations about whom they should have install it. Push.'". The longest any of them had lasted was six weeks. Cabletron has been known for its modular hubs and switches that support Ethernet, Token Ring, FDDI, SNA and ATM. For now. "Everybody does it," she said Kirkpatrick told her. It was the $3.5 million Ariel deal that sent Spence to federal prison. While she was in a halfway house in Manchester, she already had a consulting job, and she was interviewed there for a technology-related job at a Massachusetts firm, where she is now vice president of sales and director of technology services. 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. That's something I tried to do at 1. "Sicily," the final episode of the hit food travel show, Stanley Tucci: Searching for Italy, will air on CNN at . He will be succeeded by Donald B. Reed, 53, whose departure as president and group executive for external affairs at the Nynex Corporation was expected. In 1983, Levine founded Cabletron alongside Craig Brenson the company was an early manufacturer of ethernet and other networking equipment necessary to make the internet. Don has contacts that will open doors for us that have never been open before, Levine said. 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. Dr. S. Robert Levine, a physician, became Moore's husband in 1983. "I couldn't," he says with a shrug. ", That, Levine would argue, simply allows the company to hold on to something much more valuable -- and easily diluted -- than its margins. The few white-collar criminals were primarily there for embezzlement. Soon, he also invested about $1,000 a month in getting lists of potential customers, including subscribers to computer magazines. external affairs and corporate communications at Nynex. "It's not easy to find good outside salespeople," he adds. year-and-a-half ago and coaxed him into bringing aboard his experience in national and global telecommunications. In-stock items are shipped within 48 hours. [1] As manufacturing and design operations expanded, Cabletron relocated to Rochester, New Hampshire, employing 6,600 people at its peak. Actually, not many of the employees stuck around for long. All Rights Reserved. While Vail has some of the highest land prices in the country, Levines property is as spacious as they come, boasting 250 acres of land bordering a national forest that includes a trout pond, a playground and trails for hiking in the summer and snowmobiling in the winter. 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 . ", But it's also a lesson learned. Ken Levine is a fifteen-year cybersecurity industry veteran and brings a wealth of knowledge to Comodo. So yes, I am guilty for that. 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. But with analysts predicting that sales could skyrocket as high as $170 million next year and more competitors streaming into the computer-networking market, Cabletron may start bumping up against the limitations of its rebellious style. I dont know of another place like it, co-listing agent Barbara Scrivens of LIV Sothebys International Realty told The Post. Robert C. LeVine, 77 of East Bridgewater died peacefully on June 23. Top headlines from around the real estate industry. Cabletron was founded by S. Robert Levine and Craig Benson. '', See the article in its original context from. And she doesn't think businesses would be reluctant to hire a convicted felon. Perhaps the most stunning and understated amenity is a 200-foot steel viewing bridge over the forest. Cabletron was founded in 1983 in a Massachusetts garage by Craig Benson (who later became New Hampshire's governor) and Robert Levine. In an exclusive statement, Levine said: I can't believe she is gone. History. Craig Benson & CEO Robert Levine of Cabletron Systems, NH. Benson's contact took the first 1,000 feet of cable off Levine's hands, paying him $10,000. 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. Robert Levine was born in 1954. ", Johnson said the decision to bring Reed on board will help the company You will be charged . 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. 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. The company was an early manufacturer of ethernet and other networking equipment necessary to make the internet. Levine's unique genius -- which has propelled Cabletron, in just seven years, to more than $100 million in sales with aftertax profits of about 21% -- is much rarer and broader than that. Spence went on to plead guilty to securities fraud and was sentenced to more than two years in federal prison. Cabletron CEO to leave. That makes seven offices that Casson has opened abroad. "The thing that has made us different," he says, rising to his feet, "is that we are absolutely fearless.". After making a pitch over lunch, one venture capitalist found himself doused in 7-Up. August 6, 1997: 8:30 a.m. Dr. 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. Benson, who still had a full-time job, got swamped trying to keep up with the invoicing. On one wall hangs a picture of President George Bush with -- if you trust the caption underneath -- Levine.