ALSO NOTED: Nortel to cut 1,100 jobs globally; Moody's upgrades Ericsson's debt rankings; and much more...

> Nortel Networks outlined a restructuring plan that calls for eliminating about 1,100 positions globally. Article (The Wall Street Journal sub. req.)

> Moody's Investors Service has upgraded Ericsson's debt rankings. Article

> Silicon Laboratories has launched what it says is the industry's most integrated, highest performing single-chip phone for the GSM ultra low cost handset (ULCH) market. Article

> Nokia has filed suit in Beijing, China against two companies for allegedly manufacturing and selling phones copying Nokia's proprietary design of its 7260 model. Article

> Palm pays Xerox $22.5M to settle long-standing patent suit. Article

And Finally... Supermodel Naomi Campbell may take a plea bargain in her cell-phone assault case. Article