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Another cable news roundup

Sun, 10/28/2001 - 7:00pm
Anne Kerven

Time Warner Cable - Houston will continue to use customer care and billing services from CSG Systems Inc., CSG says. Under a renewed contract, TWC will use the care-and-billing engine and will deploy CSG Care Express, a Web-based tool that lets users view and manage accounts sans a customer service rep. CSG is a subsidiary of CSG Systems International Inc. …

Cox Communications will use a 2kWh flywheel energy storage system from Beacon Power Corp. to supply telecom backup power in a North Kingstown, R.I., industrial park. The flywheel units will keep Cox's remote terminal site operating and prevent data loss if a power loss occurs, Cox says. …

Terayon Communication Systems Inc. appointed Carol Lustenader CFO, replacing Ray Fritz, who is leaving for family reasons, the company says. Lustenader has been working with Fritz for several months on the transition and was key in the company's recent refocus into three units. …

Teradyne Inc. completed its acquisition of GenRad Inc. and will merge its operations into Teradyne's Assembly Test Division. The unit will be managed by former GenRad Chair, President and CEO Robert M. Dutkowsky, who also is ATD president. The company will market the products under Teradyne and GenRad names. Financial terms were not disclosed. …

AT&T Corp. is considering a $5 million to $7 million bond offering to pay down $6.5 million in commercial paper, or short-term corporate IOUs, The Wall Street Journal reports, citing sources close to the situation. The IOUs expire in 90 days, prompting the company to consider the offering. It may also hold on to its broadband unit for the duration, WSJ says. The unit has been on the block since last summer's $44 billion bid by Comcast Corp., which AT&T's board subsequently rejected.

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