Newspaper article THE JOURNAL RECORD

At&t Lowers Rates in Oklahoma

Newspaper article THE JOURNAL RECORD

At&t Lowers Rates in Oklahoma

Article excerpt

AT&T Lowers Rates in Oklahoma Effective Sunday, American Telephone & Telegraph Co. is lowering rates on several in-state long distance telephone programs, along with rates on national and international long distance rates.

The lowered rates were ordered by the Oklahoma Corporation Commission to reflect the reduction in fees that long distance service suppliers pay to local telephone companies to gain access to customers' telephone lines.

Four AT&T programs, including its regular long distance, Reach Out Oklahoma discount plan, WATS and 1-800 services rates will be lowered a combined $2.06 million within Oklahoma.

The Federal Communications Commission also had ordered AT&T reduce its interstate and international telephone rates by more than $300 million, effective Sunday, to reflect the lowered fees paid local telephone companies by long distance companies.

Westwood Net Income Falls 54% TULSA - A 54 percent decline in net income to $385,167 was reported Friday by Westwood Corp. for the fiscal year ended March 31. That compares with net income of $822,104 in 1989.

Revenues for the Tulsa-based defense contractor were up 11.2 percent to $13.56 million from $12.18 million in 1989.

C.I.S. Majority Shareholder to Sell Stake TULSA - Swiss Reinsurance Co. of Zurich, Switzerland, which has a 53 percent stake in C.I.S. Technologies Inc. of Tulsa, plans to sell its holdings in the Tulsa firm, officials said Friday. C.I.S. is one of several service companies in which Swiss Reinsurance acquired substantial interests during 1987 and 1988. C.I.S. officials said the Swiss company's plans to sell its stake in C.I.S. are consistent with a recent change in its strategic direction.

"We wish to emphasize that C.I.S. intends to remain independent," said Philip Kurtz, C.I.S. president. "Furthermore, the proposed sale by SwissRe is a strategic decision not related to the performance of C. …

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