A company accused of sending unsolicited bulk e-mail was fined US$2 million by a judge Friday, the first such ruling under California's anti-spam law.
PW Marketing LLC and its owners, Paul Willis and Claudia Griffin, were also banned from owning, managing, or holding an economic interest in any company that advertises over the Internet without first notifying the attorney general. The injunction will remain in place for 10 years.
The company, which does not have a Web site and has been accused of operating under fictitious names, has sent millions of illegal, unsolicited e-mails advertising tools for spamming, including US$39 how-to-books and lists of e-mail addresses of California residents.
Prosecutors said PW Marketing violated the 1998 anti-spam law by sending unsolicited e-mail without a toll-free number for recipients to call to stop additional mailings. Its missives did not include a valid return address or the ``ADV:'' label to mark advertisements, which the state requires.
State attorneys also claimed the owners illegally tapped into computer users' network connections so the company could send e-mail that couldn't be traced back to its source.
Calls to Willis and Griffin, who also face a lawsuit by the Federal Trade Commission, were not immediately returned Friday. Neither owner has appeared in Santa Clara County Superior Court in San Jose since the state filed the lawsuit in September last year, said Tom Dresslar, spokesman for California Attorney General Bill Lockyer.
Dresslar said the state would do "everything it can within reason" to collect the money.
Lockyer said the ban could serve as a precedent for companies accused of sending spam.
Japanese technology giant Softbank Group Corp said Tuesday it has sold its stake in Nvidia Corp, raising US$5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier. Tokyo-based Softbank said it sold the stake in Silicon Vally-based Nvidia last month, a move that reflects its shift in focus to OpenAI, owner of the artificial intelligence (AI) chatbot ChatGPT. Softbank reported its profit in the April-to-September period soared to about 2.5 trillion yen (about US$13 billion). Its sales for the six month period rose 7.7 percent year-on-year
CRESTING WAVE: Companies are still buying in, but the shivers in the market could be the first signs that the AI wave has peaked and the collapse is upon the world Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported a new monthly record of NT$367.47 billion (US$11.85 billion) in consolidated sales for last month thanks to global demand for artificial intelligence (AI) applications. Last month’s figure represented 16.9 percent annual growth, the slowest pace since February last year. On a monthly basis, sales rose 11 percent. Cumulative sales in the first 10 months of the year grew 33.8 percent year-on-year to NT$3.13 trillion, a record for the same period in the company’s history. However, the slowing growth in monthly sales last month highlights uncertainty over the sustainability of the AI boom even as
AI BOOST: Next year, the cloud and networking product business is expected to remain a key revenue pillar for the company, Hon Hai chairman Young Liu said Manufacturing giant Hon Hai Precision Industry Co (鴻海精密) yesterday posted its best third-quarter profit in the company’s history, backed by strong demand for artificial intelligence (AI) servers. Net profit expanded 17 percent annually to NT$57.67 billion (US$1.86 billion) from NT$44.36 billion, the company said. On a quarterly basis, net profit soared 30 percent from NT$44.36 billion, it said. Hon Hai, which is Apple Inc’s primary iPhone assembler and makes servers powered by Nvidia Corp’s AI accelerators, said earnings per share expanded to NT$4.15 from NT$3.55 a year earlier and NT$3.19 in the second quarter. Gross margin improved to 6.35 percent,
BUST FEARS: While a KMT legislator asked if an AI bubble could affect Taiwan, the DGBAS minister said the sector appears on track to continue growing The local property market has cooled down moderately following a series of credit control measures designed to contain speculation, the central bank said yesterday, while remaining tight-lipped about potential rule relaxations. Lawmakers in a meeting of the legislature’s Finance Committee voiced concerns to central bank officials that the credit control measures have adversely affected the government’s tax income and small and medium-sized property developers, with limited positive effects. Housing prices have been climbing since 2016, even when the central bank imposed its first set of control measures in 2020, Chinese Nationalist Party (KMT) Legislator Lo Ting-wei (羅廷瑋) said. “Since the second half of