Motorola 2009 Annual Report Download - page 81

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73
MANAGEMENT’S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
following headings: (1) ‘‘Mobile Device Segment,’’ about: (a) market recovery and growth, including as related to
smartphones, (b) customer inventory management and timing, (c) the impact of the segment’s strategy, including
the effect of open platforms, (d) opportunities for growth, (e) the impact from the loss of key customers, (f) the
impact from the allocation and regulation of frequencies, (g) the impact of regulatory matters, (h) the availability
of materials and components, energy supplies and labor, (i) the seasonality of the business, (j) the firmness of the
segment’s backlog, (k) the competitiveness of the patent portfolio, and (l) manufacturing locations; (2) ‘‘Home
and Networks Mobility Segment,’’ about: (a) the potential of the portfolio, including WiMAX and LTE,
(b) customer spending, (c) 3G and 4G licenses, (d) the Company’s involvement in market development, including
China, (e) industry growth, (f) industry capital expenditures, (g) the impact of the segment’s strategy, (h) strategic
acquisitions and their impact, (i) the impact from the loss of key customers, (j) competition from new and
existing competitors, (k) competitive position, (l) consolidation among providers, (m) the impact of regulatory
matters, (n) the impact from the allocation and regulation of frequencies, (o) the availability of materials and
components, energy supplies and labor, (p) the seasonality of the business, (q) the firmness of the segment’s
backlog, (r) the competitiveness of the patent portfolio, and (s) the impact of license agreement royalties;
(3) ‘‘Enterprise Mobility Solutions segment,’’ about: (a) industry growth and demand, including opportunities
resulting from such growth, (b) industry spending, (c) the impact of the segment’s strategy, (d) the impact from
the loss of key customers, (e) competitive position, (f) increased competition, (g) the impact of regulatory matters,
(h) the impact from the allocation and regulation of frequencies, (i) the availability of materials and components,
energy supplies and labor, (j) the seasonality of the business, (k) the firmness of the segment’s backlog, and (l) the
competitiveness of the patent portfolio; (4) ‘‘Other Information,’’ about: (a) the impact from the loss of key
customers, (b) the firmness of the aggregate backlog position, and (c) the impact of research and development;
(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) market growth/contraction, demand, spending and resulting opportunities, (b) the success of our business
strategy and portfolio, including separation, (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 in our other Securities and Exchange Commission filings, could cause
our actual results to differ materially from those stated in the forward-looking statements.