Motorola 2008 Annual Report Download - page 85

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patent portfolio and the manufacturing locations; (2) “Home and Networks Mobility Segment,” about the
potential of the portfolio, including WiMAX and LTE, the impact of the separation of set-top security
functionality, 3G and 4G licenses and market development, the Company’s involvement in market development,
including China, sales and utilization, industry decline and growth, industry capital expenditures, the impact of the
segment’s strategy, the impact of acquisitions, the impact from the loss of key customers, competition from new
and existing competitors, consolidation among providers, iDEN trends, the impact of regulatory matters, the
impact from the allocation and regulation of frequencies, the availability of materials and components, energy
supplies and labor, the seasonality of the business, the firmness of the segment’s backlog, the competitiveness of the
patent portfolio and the impact of license agreement royalties; (3) “Enterprise Mobility Solutions segment,” about
industry and demand decline and growth, industry spending, the impact of the segment’s strategy, the impact from
the loss of key customers and reduced spending, the competitive position, competition from system integrators, the
impact of regulatory matters, the impact from the allocation and regulation of frequencies, the availability of
materials and components, energy supplies and labor, the seasonality of the business, the firmness of the segment’s
backlog and the competitiveness of the patent portfolio; (4) “Other Information,” about the impact from the loss
of key customers, the firmness of the aggregate backlog position, the competitiveness through research and
development and utilization of technology; (5) “Properties,” about the consequences of a disruption in
manufacturing; (6) “Legal Proceedings,” about the ultimate disposition of pending legal matters and timing;
(7) “Management’s Discussion and Analysis,” about: (a) the impact of acquisitions, (b) the success of our business
strategy and portfolio, (c) future payments, charges, use of accruals and expected cost-saving benefits associated
with our reorganization of business programs and employee separation costs, (d) the Company’s ability and cost to
repatriate funds, (e) the impact of the timing and level of sales and the geographic location of such sales, (f) future
cash contributions to pension plans or retiree health benefit plans, (g) the Company’s ability to collect on its Sigma
Fund and other investments, (h) outstanding commercial paper balances and purchase obligation payments, (i) the
Company’s ability and cost to access the capital markets, (j) the Company’s ability to borrow under its credit
facilities, (k) the Company’s ability to retire outstanding debt, (l) the Company’s ability and cost to obtain
performance related bonds, (m) adequacy of resources to fund expected working capital and capital expenditure
measurements, (n) expected payments pursuant to commitments under long-term agreements, (o) the outcome of
ongoing and future legal proceedings, (p) the success and impact of the Company turning around the Mobile
Devices business, (q) the impact of recent accounting pronouncements on the Company, (r) the impact of the loss
of key customers, and (s) the expected effective tax rate and deductibility of certain items; and (8) “Quantitative
and Qualitative Disclosures about Market Risk,” about: (a) the impact of foreign currency exchange risks,
(b) future hedging activity and expectations of the Company, and (c) the ability of counterparties to financial
instruments to perform their obligations.
Some of the risk factors that affect the Company’s business and financial results are discussed in “Item 1A:
Risk Factors.” We wish to caution the reader that the risk factors discussed in “Item 1A: Risk Factors”, and those
described elsewhere in this report or our other Securities and Exchange Commission filings, could cause our
actual results to differ materially from those stated in the forward-looking statements.
77
MANAGEMENT’S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS