Motorola 2007 Annual Report Download - page 4

Download and view the complete annual report

Please find page 4 of the 2007 Motorola annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 146

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146

2008 Outlook
On March 26, 2008, we announced the commencement of a process to create two independent,
publicly traded companies: one comprised of our Mobile Devices business and the other,
Broadband & Mobility Solutions, which includes Motorola’s Enterprise Mobility, Government and
Public Safety, and Home and Networks businesses. Creating two industry-leading companies will
provide improved flexibility, more tailored capital structures, and increased management focus — as
well as more targeted investment opportunities for you, our stockholders.
Our management team and Board of Directors, together with independent advisors, have been
reviewing opportunities to enhance stockholder value for quite a while. This decision followed our
January 31, 2008 announcement to evaluate the structural and strategic realignment of our
businesses.
Based on current plans, the creation of the two stand-alone businesses is expected to take the
form of a tax-free distribution to Motorola’s shareholders, subject to further financial, tax and legal
analysis, resulting in shareholders holding shares of two independent and publicly traded
companies. We expect that this separation, if consummated, would take place in 2009.
I am confident that through the innovation of our people, combined with dedication to our
customers and shareholders, we can provide a path for growth and improved profitability and
position Motorola for future success.
Greg Brown
President and Chief Executive Officer
Motorola, Inc.