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* Nortel Networks Corp. will delay the release of results for 2003 and the first half of 2004 for a month to the end of October, because the work is proving more complex than it thought, the telecommunications company said.

* Global handset sales rose to record levels in the second quarter, putting the industry on track to ship 650 million cellphones in 2004 as market leader Nokia halted its decline, a survey said.

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