Motorola Solutions (MSI) 8-K Results of Operations and Financial Condition

Exhibit 99.1

Motorola, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

	Quarter Ended			Quarter Ended
	December 31, 2004			December 31, 2003
Net sales	$	8,842		$	6,935
Costs of sales		5,887			4,733
Gross margin		2,955			2,202
Selling, general and administrative expenses		1,101			1,007
Research and development expenditures		816			699
Reorganization of businesses		(30	)		11
Other charges		50			17
Operating earnings		1,018			468
Other income (expense):
Interest expense, net		(23	)		(59	)
Gains on sales of investments and businesses, net		112			218
Other		(23	)		(22	)
Total other income (expense)		66			137
Earnings from continuing operations before income taxes		1,084			605
Income tax expense		404			164
Earnings from continuing operations	$	680		$	441
Earnings (loss) from discontinued operations, net of tax	$	(33	)	$	48
Net earnings	$	647		$	489
Net earnings (loss) per common share
Basic:
Continuing operations	$	0.28		$	0.19
Discontinued operations		(0.01	)		0.02
	$	0.27		$	0.21
Diluted:
Continuing operations	$	0.28		$	0.18
Discontinued operations		(0.02	)		0.02
	$	0.26		$	0.20
Weighted average common shares outstanding
Basic		2,402.7			2,331.5
Diluted		2,487.1			2,457.4
Dividends paid per share	$	0.04		$	0.04

	Year Ended			Year Ended
	December 31, 2004			December 31, 2003
Net sales	$	31,323		$	23,155
Costs of sales		20,826			15,588
Gross margin		10,497			7,567
Selling, general and administrative expenses		4,209			3,529
Research and development expenditures		3,060			2,799
Reorganization of businesses		(15	)		23
Other charges (income)		111			(57	)
Operating earnings		3,132			1,273
Other income (expense):
Interest expense, net		(199	)		(294	)
Gains on sales of investments and businesses, net		460			539
Other		(141	)		(142	)
Total other income (expense)		120			103
Earnings from continuing operations before income taxes		3,252			1,376
Income tax expense		1,061			448
Earnings from continuing operations	$	2,191		$	928
Loss from discontinued operations, net of tax	$	(659	)	$	(35	)
Net earnings	$	1,532		$	893
Net earnings (loss) per common share
Basic:
Continuing operations	$	0.93		$	0.40
Discontinued operations		(0.28	)		(0.02	)
	$	0.65		$	0.38
Diluted:
Continuing operations	$	0.90		$	0.39
Discontinued operations		(0.26	)		(0.01	)
	$	0.64		$	0.38
Weighted average common shares outstanding
Basic		2,365.0			2,321.9
Diluted		2,472.0			2,351.2
Dividends paid per share	$	0.16		$	0.16