ALSO NOTED: Alcatel may gain huge tax benefit from Lucent merger; Bush to nominate Martin to 5 more years at FCC; and much more

> Alcatel stands to gain a huge tax benefit from its merger with Lucent. Article (Wall Street Journal sub. req.)

> President Bush will nominate FCC Chairman Kevin Martin to an additional five-year term. Article (Wall Street Journal sub. req.)

And Finally... The new laptop from Matsushita Electric is unlikely to break even if water is spilled onto its keyboard because it features a waterproof sheet and special drainage system to protect the hard drive. Now we can all be really careless with our coffee. Article