magicJack investors get free shares; IT pros aren't completely sold on cloud services

Wireline news from across the web:

@FierceTelecom RT @BBCTech: Magnetic bacteria may build PCs. Article | Follow@FierceTelecom

> magicJack shareholders will get one free share for every four shares they own. Release

> Telefonica's CEO Cesar Alierta is facing a writedown of the company's stake in Italy's Telecom Italia, Bloomberg reports. Article

> Yahoo! investor Third Point LLC wants the company's CEO, Scott Thompson, to be fired for not fixing information that he did not receive a degree in computer science. Article

> Boingo Wireless has signed an agreement with Transit Wireless to manage and operate WiFi Internet services within the New York City Subway System. Release

> Sony is just now feeling the effect of service providers enacting broadband data usage caps. Article

And finally ... A new Wisegate survey revealed that over 53 percent of IT professionals surveyed said that cloud computing is "too risky for prime time" and is only good for non-mission critical applications such as CRM and email. Article

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