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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: ok1day who wrote (49629)	6/7/1999 6:08:00 PM
From: Muzzy	Read Replies (1) \| Respond to of 90042

CHICAGO, June 7 (Reuters) - The plan by wireless communications company Motorola Inc. (MOT-N) and Internet networking equipment maker Cisco Systems Inc.'s (CSCO-O) to buy the fixed wireless assets of Bosch Telecom catapults Motorola into one of the top spots in the emerging market for wireless high-speed data, voice and video services, analysts said. With the assets of Bosch Telecom, the two companies plan to form SpectraPoint Wireless to provide broadband services to consumers and businesses over a fixed wireless network. "Motorola right now is one of the top three guys that have this product," said Wojtek Uzdelewicz, analyst with SG Cowen and Co. "Lucent (LU-N) and Nortel (NT-T) have similar offerings, but a lot of the other vendors still don't have it." Motorola and Cisco announced the deal earlier Monday. Terms were not disclosed. Bosch Telecom is a unit of Germany's Robert Bosch Corp. Analysts also said the proposed Bosch deal should be viewed as a sign that Motorola's existing joint venture with Cisco was working and marks the start of an important relationship. "I think working with Cisco is going to become a major initiative for them (Motorola)," said Tim Luke, analyst with Lehman Brothers. Cisco and Motorola formed an alliance in February -- their first forays into the red-hot Internet-based wireless services sector.