Motorola 1999 Annual Report Download - page 19

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DigitalDNATM platforms designed to make us leaders in the embedded electronics market-
place. These include the M•CORETM family of low-power, low-cost processors; the PowerPCTM
architecture used in more than 1,000 designs for networking, telecom, automotive and
industrial control as well as desktop applications, and the StarCoreTM digital signal pro-
cessing alliance with Lucent Technologies.
PERFORMANCE EXCELLENCE Our fourth objective for creating value is performance excellence.
We improved our performance during 1999, both in terms of service to our customers and
in financial results. These results, however, are well short of our goals, and the year 2000
will be one of renewed emphasis on comprehensive core process improvements and rigor-
ous focus on the Performance Excellence System.
Sales in 1999 rose 5% to $30.9 billion from $29.4 billion in 1998. Full-year earnings,
excluding special items, were $1.3 billion, or $2.08 per share, compared with $347 million,
or 58 cents per share, a year earlier. Including special items, earnings were $817 million,
or $1.31 per share, compared with a loss of $1.0 billion, or $1.61 per share, in 1998.
Several Motorola businesses have been sold since the beginning of 1998. Sales from ongoing
operations in 1999 rose 9% to $30.0 billion from $27.6 billion in 1998.
MOTOROLA, INC. 18
Christopher B. Galvin,
Chairman of the Board and
Chief Executive Officer
(right)
Robert L. Growney,
President and
Chief Operating Officer
(left)