TAILIEUCHUNG - Motorola Announces Third-Quarter Financial Results

While benefiting formally from market making arrangements, ETFs may nevertheless experience liquidity disruptions. In principle, ETFs offer on-demand liquidity to investors while they are in some cases based on much less liquid underlying assets. Therefore, in the event of a market sell-off or an unwind in any particular ETF, there is a risk that investors massively demand redemption. Depending on the specific ETF arrangements, redemptions could be made “in-kind” which would alleviate liquidity pressures. However, were redemptions to be made in cash, this could raise issues as to the exit strategies and liquidity risk of ETF providers and. | Motorola Announces Third-Quarter Financial Results Third-quarter sales of billion Positive operating cash flow of 180 million total cash position of billion Separation of the businesses targeted beyond 2009 Implementing further cost reductions with an estimated annual savings of 800 million in 2009 Mobile Devices sales of billion shipped million handsets Home and Networks Mobility sales of billion operating earnings increased to 263 million an increase of 65 percent compared to the third quarter of last year Enterprise Mobility Solutions sales of billion operating earnings increased to 403 million an increase of 23 percent compared to the third quarter of last year Click here to view the financial tables which are an integral part of this release Click here to view additional financial information SCHAUMBURG Ill. - October 30 2008 - Motorola Inc. NYSE MOT today reported sales of billion in the third quarter of 2008. The GAAP net loss from continuing operations in the third quarter of 2008 was 397 million or a loss of per share. This included net charges of per share from highlighted items which are outlined in the table at the end of this press release. Greg Brown Motorola s co-chief executive officer and CEO of Broadband Mobility Solutions said The company had positive operating cash flow of 180 million and ended the quarter with a total cash position of billion. Our balance sheet and liquidity position give us agility and flexibility in today s weakened global economy and turbulent financial markets. In addition we benefit from a global customer base and a broad portfolio of products and solutions that meet the needs of our customers. Brown added In the third quarter we continued to expand operating margins in our Home and Networks Mobility and Enterprise Mobility Solutions segments. While we will continue to prioritize investments on opportunities for growth we are also improving our cost structure across the company by

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