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CNN Live At Daybreak
Amazon Sues Internet Name Forgers
Aired August 27, 2003 - 06:47 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little more business buzz right now. Amazon.com has a beef with some online SPAM.
Let's find out what's the beef from Carrie Lee at the Nasdaq market site.
Good morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
You know so many things are available on Amazon.com on the Web site, but things like human growth hormones and free cash are not available. And now Amazon is suing companies that use its name to market products like this. Earlier this week, Amazon filed federal lawsuits against 11 e-mail marketers alleging that they made it look like these e-mails came from Amazon.
Now this approach is a little bit different from other suits against spammers in that Amazon isn't going after the spamming companies but rather, the companies that make and market these products. An Amazon spokesperson says that while spammers can be allusive and hard to track down, the companies and the advertisers are a little bit easier to find. So Amazon is suing for damages, seeking millions of dollars. Amazon was alerted by this spoofing from customers, so they have also set up a site trying to get more information from people.
Now clearly Internet spamming is a big problem. This year half of all external corporate e-mails, that's nearly two trillion messages, will be SPAM, according to IDC, that's a market research company. And some believe that Amazon's tactic could encourage other corporate victims of SPAM to take action.
So maybe, Carol, down the line this will mean that all those SPAM e-mails we get will be reduced. We'll see. Back to you.
COSTELLO: Yes, a pretty smart tactic. It will be interesting to see how it turns out.
Quick look at the futures.
LEE: Yes, futures now actually look pretty flat. We did see a little bit of a gain towards the late day yesterday. The Dow up 22 points, the Nasdaq up 6. No real economic news today. We'll see what happens once the trading session gets under way, but looking pretty flat right now -- Carol. COSTELLO: All right. Carrie Lee, live from the Nasdaq site, many thanks.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired August 27, 2003 - 06:47 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little more business buzz right now. Amazon.com has a beef with some online SPAM.
Let's find out what's the beef from Carrie Lee at the Nasdaq market site.
Good morning -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
You know so many things are available on Amazon.com on the Web site, but things like human growth hormones and free cash are not available. And now Amazon is suing companies that use its name to market products like this. Earlier this week, Amazon filed federal lawsuits against 11 e-mail marketers alleging that they made it look like these e-mails came from Amazon.
Now this approach is a little bit different from other suits against spammers in that Amazon isn't going after the spamming companies but rather, the companies that make and market these products. An Amazon spokesperson says that while spammers can be allusive and hard to track down, the companies and the advertisers are a little bit easier to find. So Amazon is suing for damages, seeking millions of dollars. Amazon was alerted by this spoofing from customers, so they have also set up a site trying to get more information from people.
Now clearly Internet spamming is a big problem. This year half of all external corporate e-mails, that's nearly two trillion messages, will be SPAM, according to IDC, that's a market research company. And some believe that Amazon's tactic could encourage other corporate victims of SPAM to take action.
So maybe, Carol, down the line this will mean that all those SPAM e-mails we get will be reduced. We'll see. Back to you.
COSTELLO: Yes, a pretty smart tactic. It will be interesting to see how it turns out.
Quick look at the futures.
LEE: Yes, futures now actually look pretty flat. We did see a little bit of a gain towards the late day yesterday. The Dow up 22 points, the Nasdaq up 6. No real economic news today. We'll see what happens once the trading session gets under way, but looking pretty flat right now -- Carol. COSTELLO: All right. Carrie Lee, live from the Nasdaq site, many thanks.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
