Warren HoltsbergCorporate Vice President

and Director of Venture Investing,Motorola, Inc.

Motorola’s Business

Motorola provides integrated communicationsand embedded electronic solutions– $30 billion in revenue*– $4.32 billion in r&d expenditures*– 100,000+ employees – 808 patents issued*

Broadband

Internet

Wireless

*year 2001

Wireless Carriers

Government/EnterpriseConsumers Programmers

Cable Operators

Computer andNetwork

EquipmentManufacturers

Automakers

Motorola Customer Focus

Source: 2001 Annual Report

Motorola Sales by Segment 2001

Markets Served by Motorola Continue to Have Double Digit Long-Term Growth Potential

Personal Communications Segment (PCS)

Global Telecom Solutions Segment (GTSS)

Semiconductor Products Segment (SPS)

Commercial, Government and Industrial Systems Segment (CGISS)

Broadband Communications Segment (BCS)

Integrated Electronics Systems Segment (IESS)

Market Position#2 Wireless Handsets#1 GPRS

#3 Wireless Infrastructure

#1 for Semiconductors for Communications and Transportation Market

#1 Public Safety and Private Radio Systems

#1 Digital Set-Top Boxes#1 Cable Modems

#1 Telematics

Motorola Ventures

35+ Portfolio Companies Annual venture fund of $50-150 million Global Outlook and Relationship

Investing Strategic Investment Model Offices in Chicago, Palo Alto, Boston

and London

Motorola LinksPeople’s Dreams withTechnology’s Promise

Motorola VenturesMakes Investments thatHelp Our BusinessesUnlock Tomorrow’sOpportunities Today

Broadband

Internet

Wireless

Motorola Ventures Mission

Accelerate to New Technologies New Markets New Talent

NewTalent

NewTechnology

NewMarkets

Primarily Early Stage Investments

IPO

Bridge Bridge StageStage

ThirdThirdStageStage

Second Second StageStage

First First StageStage

StartupStartupSeedSeed

Early Stage Expansion

Motorola Ventures

18-40MonthsMotorola

Ventures

12-18Months

MotorolaBusinesses

0-12 Months

Time

Lev

el o

f In

no

vati

on

Timing of Impact

12-18 Months Motorola Ventures

Sweetspot to Accelerate to New Technologies, New Markets, and New Talent

Motorola Enables Start-up Success

Brand Distribution Technology Expertise

• Win-Win• Equity Plus • Outside-In

Acceleration

Motorola Minority Equity Portfolio

We keep the investments as long as they are fulfilling the strategic purpose for which they were made

Including Motorola Ventures over 240 of which 1/4 are in publicly traded companies.

Financial Markets ConferenceFederal Reserve Bank of Atlanta & The New

York University Stern School

May 3, 2002