Motorola 2000 Annual Report Download - page 15

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MOTOROLA, INC. 13
Motorola’s six business segments all recorded higher sales in 2000, and four of the six had higher operating
profit margins. Stockholders, however, saw the value of their investments in Motorola stock decline dramati-
cally after reaching an all-time high early in the year. This reflected, in part, the inability of our Personal
Communications Sector to meet the expectations of management and of investors and execute its strategy
crisply and effectively. Global economic uncertainty and market momentum also affected our stock price,
as it did most technology companies, especially those in telecommunications. Today, we are sharpening our
focus on the customer and implementing cost-reduction plans to improve financial performance in a period
of slower economic growth.
Financial results Sales from ongoing operations rose 17% in 2000 to $37.6 billion from $32.0 billion in 1999.
Including sales from businesses sold in 1999, sales increased 14% from $33.1 billion a year ago. Full-year
net earnings from ongoing operations, excluding special items, were $1.9 billion, or 84 cents per share, up
38% from $1.4 billion, or 63 cents per share a year earlier. Including the earnings from businesses sold in 1999,
net earnings were up 29% from $1.5 billion, or 67 cents per share a year ago. Including special items and net
earnings from businesses sold in 1999, net earnings were $1.3 billion, or 58 cents per share, compared
with $891 million, or 41 cents per share in 1999. The 1999 numbers are restated to reflect the merger with
General Instrument Corporation and the 3-for-1 common stock split on June 1, 2000.
Intelligence Everywhere™It’s a powerful force that moves our business forward, in
all phases of the economic cycle: Humans have an insatiable need to communicate,
and they want every device they use in their daily life to be made smarter, simpler, safer
and synchronized. We are executing the strategy we unveiled a year ago, a company-wide
focus on harnessing the power of wireless, broadband and the Internet – a drive to use
our unique collective skills to deliver embedded chip, system and end-to-end network
solutions for the individual, the workteam, the vehicle and the home.
To our stockholders and other friends
Motorola’s Accompli 008 wireless phone features a large touch
screen display, intuitive user interface and high-speed Internet
access through GPRS and WAP capability. Handwriting recognition
offers users the chance to converse easily in eight languages.
TM