2010 Annual Report
motorola mobility 2010 ANNUAL REPORT a letter from the chairman and chief executive officer Dear Fellow Shareholders: After more than two years of planning and a lot of hard work by employees around the world, Motorola, Inc. separated into two publicly traded companies on January 4, 2011, giving rise to Motorola Mobility. As an independent company, we have an exciting future full of opportunity. With world- sanjay class talent, a strong patent portfolio, solid jha balance sheet and a global brand, we are now positioned better than ever to pursue our strategies for growth as we address we reduced working capital, resulting in opportunities in smartphones, media tablets, signifi cant operating cash fl ow generation the digital home and converged experiences. compared to operating cash outfl ows in prior years. At separation, we received $3.2 billion Our brand, recognized around the world, in cash from Motorola, Inc. This positions us represents our unifying mission – to well to capitalize our global operations, invest simplify and enrich people’s lives by making in research and development and provide for technology intuitive and easy to use and strategic and operating fl exibility. enabling consumers to connect with people and things that matter. We believe our Mobile Devices commitment to this mission, along with Our Mobile Devices business executed well consistent innovation, execution and delivery amidst an intensely competitive marketplace. of differentiated products and services, We generated solid momentum with the will provide the path to continued fi nancial introduction of 23 new smartphones in markets improvement and enhanced shareholder value. around the world.
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