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			Quarter Ended			Quarter Ended
	April 2, 2005			July 2, 2005			October 1, 2005			December 31, 2005
Net sales	$	7,767		$	8,408		$	9,048		$	10,039
Costs of sales		5,186			5,651			6,119			6,867
Gross margin		2,581			2,757			2,929			3,172
Selling, general and administrative expenses		923			915			919			1,022
Research and development expenditures		807			878			882			958
Other Charges (Income)		(5	)		6			48			(519	)
Operating earnings		856			958			1,080			1,711
Other income (expense):
Interest expense, net		(8	)		4			20			55
Gains on sales of investments and businesses		239			409			1,266			(69	)
Other		(8	)		20			(106	)		(15	)
Total other income		223			433			1,180			(29	)
Earnings from continuing operations before income taxes		1,079			1,391			2,260			1,682
Income tax expense		394			472			522			505
Earnings from continuing operations		685			919			1,738			1,177
Discontinued operations, net of tax:
Freescale Semiconductor	$	—		$	(14	)	$	1		$	(8	)
Automotive Electronics Business		7			28			12			33
Total discontinued operations		7			14			13			25
Net earnings	$	692		$	933		$	1,751		$	1,202
Earnings per common share
Basic:
Continuing operations	$	0.28		$	0.37		$	0.70		$	0.47
Discontinued operations		—			0.01			0.01			0.01
	$	0.28		$	0.38		$	0.71		$	0.48
Diluted:
Continuing operations	$	0.28		$	0.37		$	0.68		$	0.46
Discontinued operations		—			—			0.01			0.01
	$	0.28		$	0.37		$	0.69		$	0.47
Weighted average common shares outstanding
Basic		2,447.1			2,460.2			2,480.6			2,495.4
Diluted		2,487.1			2,504.0			2,547.0			2,559.9
Dividends paid per share	$	0.04		$	0.04		$	0.04		$	0.04

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

	Year Ended			Quarter Ended
	December 31, 2005			April 1, 2006
Net sales	$	35,262		$	9,608
Costs of sales		23,823			6,682
Gross margin		11,439			2,926
Selling, general and administrative expenses		3,779			1,101
Research and development expenditures		3,525			946
Other Charges (Income)		(470	)		30
Operating earnings		4,605			849
Other income (expense):
Interest expense, net		71			67
Gains on sales of investments and businesses		1,845			151
Other		(109	)		(19	)
Total other income		1,807			199
Earnings from continuing operations before income taxes		6,412			1,048
Income tax expense		1,893			392
Earnings from continuing operations		4,519			656
Discontinued operations, net of tax:
Freescale Semiconductor	$	(21	)	$	—
Automotive Electronics Business		80			30
Total discontinued operations		59			30
Net earnings	$	4,578		$	686
Earnings per common share
Basic:
Continuing operations	$	1.83		$	0.26
Discontinued operations		0.02			0.02
	$	1.85		$	0.28
Diluted:
Continuing operations	$	1.79		$	0.26
Discontinued operations		0.02			0.01
	$	1.81		$	0.27
Weighted average common shares outstanding
Basic		2,471.3			2,489.0
Diluted		2,527.0			2,553.6
Dividends paid per share	$	0.16		$	0.04