Motorola not expecting to achieve first quarter sales, earnings guidance

February 23, 2001–Schaumburg, Illinois–Motorola, Inc. today announced that as a result of significant weakness in first quarter order input across its business segments, it does not expect to achieve the first-quarter 2001 sales guidance of $8.8 billion or the earnings guidance of 12 cents per share given on Jan. 11, 2001.

Motorola believes that the sharp economic slowdown occurring in the U.S. and inventory corrections taking place broadly in technology markets worldwide have caused the adverse change in its order pattern. Should the pattern continue, the company expects to incur an operating loss in the quarter.

Motorola continues to actively adjust its cost structure in response to this environment and will take additional cost reduction steps in the future.

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