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Do-Not-Call Fine: AT&T Faces $780,000 Fine for Do-Not-Call Violation
Aired November 04, 2003 - 06:16 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 now, though, for a little 'Business Buzz.' You've been asked to be on a Do-Not-Call List, so what happens if a phone company just keeps on calling? Somebody got in trouble.
Carrie Lee tells us who it is from the Nasdaq market site.
Good morning.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
Potentially big money here, AT&T might get socked with a fine totaling $780,000 for violating it's own Do-Not-Call List. Now this is unrelated to the new national Do-Not-Call Registry, which took effect early last month. Rather, AT&T is accused of calling 29 consumers 78 times in the past year after they asked to not be called again. So the FCC is proposing a $10,000 fine for each of the 78 violations. It lodged a probe after logging more than 300 complaints charging AT&T violations.
Now AT&T says in a statement we are confident we can persuade the FCC in its fact finding proceeding that there were not 78 Do-Not-Call violations. The Federal Communications Commission proposed this fine on Monday, and most FCC fines are approved. So AT&T seeming to say that they didn't do this, but $780,000, big bucks, Carol, any way you slice it.
COSTELLO: You're not kidding.
Speaking of big bucks, a quick look at the futures.
LEE: Things look flat to slightly weak this morning. Weakness, particularly in the technology area. We saw very nice gains, though, yesterday. The Dow ending on a positive note. The Nasdaq really leading the way higher, as it has done for the better part of the year, up 1.8 percent.
One stock we're going to be watching this morning, Gillette, the razor company, among other things, reporting profits this morning. Street looking for 36 cents a share versus 33 last year, so a little bit of an improvement. We'll see what they have to say out earlier this morning.
Back to you.
COSTELLO: All right, Carrie Lee, 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
Violation>
Aired November 4, 2003 - 06:16 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time now, though, for a little 'Business Buzz.' You've been asked to be on a Do-Not-Call List, so what happens if a phone company just keeps on calling? Somebody got in trouble.
Carrie Lee tells us who it is from the Nasdaq market site.
Good morning.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
Potentially big money here, AT&T might get socked with a fine totaling $780,000 for violating it's own Do-Not-Call List. Now this is unrelated to the new national Do-Not-Call Registry, which took effect early last month. Rather, AT&T is accused of calling 29 consumers 78 times in the past year after they asked to not be called again. So the FCC is proposing a $10,000 fine for each of the 78 violations. It lodged a probe after logging more than 300 complaints charging AT&T violations.
Now AT&T says in a statement we are confident we can persuade the FCC in its fact finding proceeding that there were not 78 Do-Not-Call violations. The Federal Communications Commission proposed this fine on Monday, and most FCC fines are approved. So AT&T seeming to say that they didn't do this, but $780,000, big bucks, Carol, any way you slice it.
COSTELLO: You're not kidding.
Speaking of big bucks, a quick look at the futures.
LEE: Things look flat to slightly weak this morning. Weakness, particularly in the technology area. We saw very nice gains, though, yesterday. The Dow ending on a positive note. The Nasdaq really leading the way higher, as it has done for the better part of the year, up 1.8 percent.
One stock we're going to be watching this morning, Gillette, the razor company, among other things, reporting profits this morning. Street looking for 36 cents a share versus 33 last year, so a little bit of an improvement. We'll see what they have to say out earlier this morning.
Back to you.
COSTELLO: All right, Carrie Lee, 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
Violation>
