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Rebuilding Cabletron from the CEO down

Just days before Supercomm '99, Cabletron Systems announces that its cofounder and CEO Craig Benson will leave the struggling networking equipment firm.

 

  latest developments 

Just days before Supercomm '99, Cabletron Systems announces that its cofounder and CEO Craig Benson will leave the struggling networking equipment firm.

"I believe that it is time for me to step aside and turn the reins over to someone who can lead the company into the new millennium."

- Cabletron Systems' cofounder and CEO Craig Benson

 


Cabletron Systems CEO, cofounder resigns
Cabletron Systems says cofounder Craig Benson has resigned and that Piyush Patel has been elected as its new CEO.

Cabletron CEO Craig Benson Networking giants to detail new strategies
Announcements from Cabletron, Nortel, and Alcatel should revolve around two trends driving the network equipment industry, namely Net technology and telephony over data networks.

Cabletron accounting change boosts assets
Cabletron Systems says it has increased intangible assets $125.7 million in an additional response to the questions about its acquisition accounting.

Previous coverage
Cabletron considers unit sale, spinoff
The No. 4 computer-networking company may sell or spin off parts of some businesses in a bid to increase the value of the company, president and chief executive Craig Benson says.

Cabletron: Are the glory days over?
news analysis The network equipment provider jolts Wall Street last week with news that earnings for the third quarter will fall far short of expectations, capping a tumultuous year for a once high-flying firm.