Motorola Reports First-Quarter Financial Results

SCHAUMBURG, Ill. — Motorola, Inc. (NYSE: MOT) today reported sales of $5.4 billion in the first quarter of 2009. The total GAAP net loss in the first quarter of 2009 was $231 million, or $0.10 per share, which includes net income of $0.03 per share from discontinued operations. The GAAP net loss from continuing operations was $291 million, or $0.13 per share. The GAAP net loss from continuing operations includes net charges of $0.05 per share from highlighted items, primarily related to cost-reduction initiatives.

Home and Networks Mobility

Home and Networks Mobility segment sales were $2.0 billion, down 16 percent compared to the year-ago quarter. GAAP operating earnings were $115 million, compared to operating earnings of $153 million in the year-ago quarter.

Highlights:

• Shipped more than 4.3 million digital entertainment devices
• Introduced industry’s first commercial receiver/decoder (IRD) to deliver three-channel MPEG-4 to MPEG-2 High Definition TV
• Developed DVR solution with Time Warner using Tru2Way™ software that enables consumers to share content throughout the home

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