EU privacy laws hamper cloud computing evolution; government IT projects fall to federal axe

> The EU's strict privacy laws present a potential roadblock for cloud computing growth in the region, the New York Times reports. Moving information beyond the borders of the 27-country union is rigidly limited and has European cloud providers scrambling to find solutions to ensure private information stays secure. Story.

> Level 3 Communications (Nasdaq: LVLT) has completed its $175 million offering of its 6.5 percent convertible senior notes. They'll mature on Oct. 1, 2016 and are convertible into the company's common stock at $1.235 per share initially. Net proceeds are going straight into the company's capital expenditures, among other things. News release.

> New Edge Networks--the managed business services unit of Earthlink (Nasdaq: ELNK)--will install a nationwide MPLS T-1 network for Roofing Supply Group in that company's 60 locations. The IP based network will feature a VoIP service solution installed by New Edge AX partner One Source Networks. News release.

> Spirent announced at this week's Carrier Ethernet World Congress show that it is supporting the European Advanced Networking Test Center AG (EANTC) in an interoperability event testing devices from 24 Ethernet equipment vendors. Results are being showcased at CEWC. News release.

> Motorola (NYSE: MOT) introduced a slew of accessories for its IPTV set-tops at IBC 2010 last week. Details.

> Two IT upgrade projects contracted by the federal government are the first to fall under the axe following a review of 26 "troublesome" IT projects that have gone way over budget, says the Washington Post. A Justice Dept. project and a Dept. of the Interior project are slated for cancellation. Story.

And finally... A new Q&A with AT&T (NYSE: T) chief Randall Stephenson is very concerned about regulating the Internet, perhaps not surprising as sales of his company's flagship products, Apple's iPhone and iPad, hinge on broadband growth. "...we're going to regulate [smart phones], the networks for the iPad, by regulations written in 1932," he says. Story.

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