'Corporate misfits' who run Cabletron play a rough game; they exhort staff to battle, fire freely, go all-out to please the customer: no chairs in meeting rooms
Article Abstract:
Cabletron Systems CEO S. Robert Levine's unorthodox management style has helped make his company a leader in the fast-growing market for local area network equipment. For the year ending Feb 28, 1993, Cabletron posted revenue of $418 million, up more than 16 times from the revenue for FY 1988. Cabletron has nudged ahead of archrival SynOptics Communications Inc. Cabletron Chmn Craig R. Benson describes himself and Levine as 'corporate misfits.' The company has no vice presidents, almost no middle management and discourages lengthy meetings by furnishing its conference rooms with no chairs. While analysts applaud the company's aggressive management style, employees and former employees complain about leadership by intimidation and fear, where firings could come without warning. Cabletron's success shows that unusual management styles can still make a successful company.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1993
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Cabletron will report large increases in profit and sales for fiscal 4th period
Article Abstract:
Cabletron Systems Inc will report higher sales and net income for the 4th qtr ended Feb 28, 1990, according to Robert Levine, president and CEO. Cabletron will report profit of about $6 million, or 23 cents a share, on an increase in revenue of about $30 million. In the preceding year, profits were $3.9 million, or 16 cents a share, on revenue of $18.6 million. For the year, net reportedly has nearly doubled, to $22 million, or 87 cents a share, from $11.9 million, or 48 cents a share, in fiscal 1989. Revenue is about $104 million, up from $54.8 million. Cabletron, which makes network equipment, is 'riding a wave of growth in computer networks.' According to Mary A. Modahl of Forrester Research, Cabletron is 'in a very hot market, but few people on Wall Street have ever heard of them.'
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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Chipcom says profit tripled in 4th quarter
Article Abstract:
Chipcom Corp, which sells network 'smart hubs,' which interconnect computer networks, will report that its net income tripled in 4th qtr 1991. Income is $1.6 million, or 20 cents a share, which compares with $526,000, or eight cents a share, on fewer outstanding shares in the same period last year. Net income for the year will be $4 million, or 54 cents a share, on revenue of $48 million, which compares with income of $1.5 million, or 23 cents a share, and revenue of $28.4 million in 1990. According to Chipcom Pres Rob Held, Chipcom had such good results because companies are realizing that they need enterprisewide networks if they are to stay competitive.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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