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January 27, 2010

Motorola Q4 sales down 20% to $5.72bn

Ships 12 million handsets during the quarter

By CBR Staff Writer

Motorola has reported sales of $5.72bn for the fourth quarter of 2009, a decrease of 20% compared to $7.13bn for the same period last year.

The company reported an operating income of $163m, compared to an operating loss of $1.67bn for the same period last year. Gross margin for the quarter was $2.04bn, compared $2.12bn for the same period a year ago.

For the quarter ended December 31, 2009, the company has posted net earnings of $142m or EPS of $0.06 for the fourth quarter of 2009, compared to net loss of $3.67bn or EPS of $1.61 for the same period last year.

Mobile devices segment sales were down 22% to $1.8bn, enterprise mobility solutions segment sales were 12% to $2bn and home and network mobility segment sales were down 24% to $2bn, compared to the same period last year.

The company shipped 12 million handsets including 2 million smartphones and 3.4 million digital entertainment devices. During the quarter, the company generated positive operating cash flow of $877m.

For the full-year 2009, the company reported sales of $22bn compared to sales of $30.14bn. Operating loss was $148m compared to loss of $2.39bn for 2008. Net loss was $51m compared to a loss of $4.24bn for 2008.

Greg Brown, co-chief executive officer and CEO of broadband mobility solutions at Motorola, said: “We performed well in the face of a challenging environment in 2009. Our results demonstrate the strength of our market leadership and the resilience of these businesses and our people. As market growth returns, we are well positioned to take advantage of our investments in key global markets with a competitive cost structure.”

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