Warren Holtsberg Corporate Vice President and Director of Venture Investing, Motorola, Inc.

Motorola’s Business  Motorola provides integrated communications and 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/ Enterprise Consumers Programmers Cable Operators Computer and Network Equipment Manufacturers 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 35+ Portfolio Companies Annual venture fund of $ million Annual venture fund of $ million Global Outlook and Relationship Investing Global Outlook and Relationship Investing Strategic Investment Model Strategic Investment Model Offices in Chicago, Palo Alto, Boston and London Offices in Chicago, Palo Alto, Boston and London Motorola Links People’s Dreams with Technology’s Promise Motorola Ventures Makes Investments that Help Our Businesses Unlock Tomorrow’s Opportunities Today Broadband Internet Wireless

Motorola Ventures Mission Accelerate to New Technologies New Technologies New Markets New Markets New Talent New Talent New Talent New Technology New Markets

Primarily Early Stage Investments IPO Bridge Stage Third Stage Second Stage First Stage Startup Seed Early Stage Expansion Motorola Ventures

18-40 Months Motorola Ventures Months Motorola Businesses 0-12 Months Time Level of Innovation Timing of Impact Months Months Motorola Ventures Sweetspot to Accelerate to New Technologies, New Markets, and New Talent Motorola Ventures Sweetspot to Accelerate to New Technologies, New Markets, and New Talent

Motorola Enables Start-up Success BrandDistributionTechnologyExpertise Win-WinWin-Win Equity PlusEquity Plus Outside-In AccelerationOutside-In Acceleration

Motorola Minority Equity Portfolio We keep the investments as long as they are fulfilling the strategic purpose for which they were made 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. Including Motorola Ventures over 240 of which 1/4 are in publicly traded companies.

Financial Markets Conference Federal Reserve Bank of Atlanta & The New York University Stern School May 3, 2002