Company will evaluate alternatives to accelerate the ability of its Mobile
Device Business to recapture growth and profitability in an expanding
global market
SCHAUMBURG, Ill., Jan. 31 /PRNewswire-FirstCall/ -- Motorola, Inc.
(NYSE: MOT) today announced it is exploring the structural and strategic
realignment of its businesses to better equip its Mobile Devices business
to recapture global market leadership and to enhance shareholder value. The
company's alternatives may include the separation of Mobile Devices from
its other businesses in order to permit each business to grow and better
serve its customers.
"All of our businesses have exceptional people, products and
intellectual property and the ability to achieve category leadership in
their markets," said Greg Brown, President and Chief Executive Officer. "We
are exploring ways in which our Mobile Devices Business can accelerate its
recovery and retain and attract talent while enabling our shareholders to
realize the value of this great franchise."
The company does not intend to discuss developments with respect to the
exploration of strategic alternatives unless or until its Board of
Directors has approved a definitive transaction or the process is otherwise
complete. There can be no assurance that any transaction will occur or, if
one is undertaken, its terms or timing.
About Motorola
Motorola is known around the world for innovation in communications.
The company develops technologies, products and services that make mobile
experiences possible. Our portfolio includes communications infrastructure,
enterprise mobility solutions, digital set-tops, cable modems, mobile
devices and Bluetooth accessories. Motorola is committed to delivering next
generation communication solutions to people, businesses and governments. A
Fortune 100 company with global presence and impact, Motorola had sales of
US $36.6 billion in 2007. For more information about our company, our
people and our innovations, please visit http://www.motorola.com.
Business Risks
This press release contains "forward-looking statements" as that term
is defined in the Private Securities Litigation Reform Act of 1995. Such
forward- looking statements include , but are not limited to possible
actions related to the company's Mobile Devices business. Motorola cautions
the reader that the risk factors below, as well as those on pages 16
through 24 in Item 1A of Motorola's 2006 Annual Report on Form 10-K and in
its other SEC filings, could cause Motorola's actual results to differ
materially from those estimated or predicted in the forward-looking
statements. Factors that may impact forward- looking statements include,
but are not limited to market conditions in general and applicable to
possible alternatives for the businesses, and tax and regulatory matters.
Motorola undertakes no obligation to publicly update any forward-looking
statement or risk factor, whether as a result of new information, future
events or otherwise.
SOURCE Motorola, Inc.
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Related links:
http://www.motorola.com/
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Media, Jennifer Erickson, +1-847-435-5320,
jennifer.erickson@motorola.com, or Investor Relations, Dean
Lindroth, +1-847-576-6899, dean.lindroth@motorola.com, both of
Motorola, Inc.
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