Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Sowbug who wrote (44663)	4/16/1998 8:36:00 PM
From: djane	Read Replies (2) \| Respond to of 61433

Cabletron shuffles exec deck By Ben Heskett Staff Writer, CNET NEWS.COM April 16, 1998, 5 p.m. PT URL: news.com With good news flowing like molasses out of the firm these days, Cabletron Systems formally introduced a reconfigured management team under cofounder and new chief executive Craig Benson and addressed several issues facing it. Questions concerning the future of Cabletron are abundant due to recent poor quarterly results on Wall Street and the subsequent resignation of chief executive Don Reed after seven months on the job. Benson, from his seat as chairman, decided to return to the daily fray of running the company. "We're going to be very careful about what we do, but we're going to be very quick about what we do," Benson said. [Now, how does that work exactly?...sorry] In support of Benson, Allen Finch has become the company's senior vice president of marketing and corporate strategy, the first time marketing for the entire company has been run out of a single office, according to the chief executive. To buttress the firm's push into third-party sales opportunities, Gulio Gianturco will oversee all of Cabletron's channels efforts from his position as president of the Digital Network Products Group and channels. As previously reported, John D'Auguste will serve as president of operations and David Kirkpatrick will serve as executive vice president of finance, overseeing manufacturing and CIO functions as well. Cabletron executives would not address reports of an upcoming acquisition, which surfaced last week. NetVantage, a company blessed with a channel presence, is rumored to be the target for Cabletron. Executives did stress that new channel opportunities will be a primary focus for the firm, which made itself into a billion-dollar networking player largely via use of a direct sales force. Benson also dismissed reports of troubled waters between himself and Reed. "We're taking Don's plan and running with it," he said. "To say that Don and I had a fallout is totally misstating the case." Executives also clarified the reasons for the presence of Robert Levine, a former cofounder who stepped down from an active role in the company last summer, at Cabletron headquarters in recent weeks. D'Auguste said Levine was helping him to streamline operations at the company and would be consulting with the firm for three to four more weeks. Go to Front Door \| Intranets \| Search \| Short takes \| One Week View Enter to win the Dream Machine Giveaway II! Copyright c 1995-98 CNET, Inc. All rights reserved. Privacy policy.