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To: savolainen who wrote (41780)	6/7/1999 7:53:00 AM
From: Helios	Read Replies (1) \| Respond to of 50808

Cisco, Motorola to acquire Bosch Telecom unit quicken.excite.com CHANDLER, Ariz., June 7 (Reuters) - Wireless communications company Motorola Corp. (Nyse:MOT)and Internet networking equipment maker Cisco Systems Inc (Nasdaq:CSCO) .said Monday they would buy Bosch Telecom's fixed wireless assets for an undisclosed sum. With those assets, the two companies said they would form, pectraPoint Wireless, to deliver high-speed data, voice and video services to consumers and businesses over a fixed wireless network. The deal broadens an earlier alliance struck in February between Cisco and Motorola that marked their foray into the red-hot Internet-based wireless services sector. The two companies had said they would invest $1 billion on research and development centers for third-party developers and create new Internet-based architecture for cellular wireless services focused on the mobile industries. Cisco and Motorola did not disclose the purchase price of their most recent deal, and company officials could not be reached for comment early Monday. The deal, which must clear regulatory hurtles, is expected to close by the end of June. Once the transaction is completed, Cisco will own a minority, while Motorola will own a majority. The assets consist of a broadband fixed wireless system built on a technology known as Local Multipoint Distribution Services, or LMDS, which supplants wired phone and cable lines with a wireless transmission system. Rickie Currens, corporate vice president and general manager of Motorola's ground systems division, said: "Through this partnership, SpectraPoint Wireless will present one face to the customer, while delivering an array of LMDS products and systems." Don Listwin, executive vice president of Cisco, said the deal would allow Cisco and Motorola to bring a "New World Internet platform" to the wireless industry. The companies said the Internet-based wireless services market will mushroom to $1.2 billion in 2001 and $2 billion by 2003, as demand surges from both companies and consumers.