Motorola 2008 Annual Report Download - page 44

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PERFORMANCE GRAPH
The following graph compares the five-year cumulative total returns of Motorola, Inc., the S&P 500 Index
and the S&P Communications Equipment Index.
This graph assumes $100 was invested in the stock or the Index on December 31, 2003 and also assumes the
reinvestment of dividends. This graph assumes reinvestment of the Company’s distribution to its shareholders of
0.110415 shares of Class B common stock of Freescale Semiconductor, Inc. (“Freescale Class B Shares”) on
December 2, 2004 for each share of Motorola common stock. For purposes of this graph, the Freescale
Semiconductor, Inc. distribution is treated as a non-taxable cash dividend of $2.06 (the value of 0.110415
Freescale Class B Shares, based on Freescale Semiconductor’s December 2, 2004 closing price of $18.69) that
would have been reinvested in Motorola common stock at the close of business on December 2, 2004.
Five-Year Performance Graph
0
20
40
103.9
139.5
109.0 112.3
127.4
133.9
81.2
81.3
132.1
169.5
184.5
106.4
126.5 128.5
38.6
60
80
140
120
100
160
200
180
2003 2004 2005 2006 2007 2008
S&P Communications
S&P 500
Motorola
36