Combined Bosch Telecom acquisition puts tech giants into data, video market.

Computer network equipment maker Cisco Systems and mobile phone maker Motorola Inc. said Monday they_ve made a joint acquisition that will enable them to deliver wireless high-speed data, voice and video capabilities. The companies, in a bid to capitalize on what is expected to become a $2.3 billion market by 2003, said they_ve acquired the wireless assets of Bosch Telecom, Inc., a subsidiary of Germany_s Robert Bosch Corp., for an undisclosed sum. As a result, Cisco (CSCO) and Motorola (MOT) will createa jointly owned company called SpectraPoint Wireless that will focus on delivering wireless high-speed data, voice and video capabilities known as LMDS, or local multi-point-distribution services.