> 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