Motorola, Inc.
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 [1].
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.