Motorola Announces Fourth-Quarter and Full-Year Financial Results

SCHAUMBURG, Ill. — Motorola, Inc. (NYSE: MOT) today reported sales of $7.1 billion in the fourth quarter of 2008. The GAAP net loss in the fourth quarter of 2008 was $3.6 billion, or $1.57 per share. For the full year 2008, sales were $30.1 billion. The GAAP net loss was $1.84 per share, which includes net charges of $1.86 per share from items highlighted in the Company’s quarterly earnings releases.

Home and Networks Mobility segment sales were $2.6 billion, down 5 percent compared with the year-ago quarter. Operating earnings increased to $257 million, compared with operating earnings of $192 million in the year-ago quarter. For the full year 2008, sales were $10.1 billion, a 1 percent increase compared to 2007, and the segment generated operating earnings of $918 million, compared to $709 million in 2007.

Home and Networks Mobility fourth-quarter highlights:

• Expanded operating margin to 9.9 percent of sales from 7.0 percent of sales in the year-ago quarter
• Shipped 4.7 million digital entertainment devices, compared to 3.4 million in the year-ago quarter, due to continued strong demand for HD, HD/DVR and IPTV devices
• Continued to make progress in 4G technologies, including initial sales on WiMAX and completion of industry’s first over-the-air Long-Term Evolution (LTE) data sessions in the 700MHz spectrum

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