Glass Lewis Recommends Motorola Stockholders Vote FOR Motorola’s Directors

Glass Lewis Recommends Motorola Stockholders Vote FOR Motorola’s Directors

Motorola, Inc. (NYSE: MOT) announced today that Glass Lewis & Co. (“Glass Lewis”), one of the nation’s leading independent proxy advisory firms, recommended that Motorola stockholders vote FOR the election of all nominees proposed by Motorola’s Board of Directors, rejecting Carl C. Icahn’s nomination to Motorola’s Board at the Company’s May 7, 2007 Annual Meeting of Stockholders.

Ed Zander, Motorola’s CEO and Chairman of the Board of Directors, said, “We are pleased that Glass Lewis, a highly respected independent advisory firm, supports Motorola’s directors. We have the right strategy and the right Board in place to successfully execute on our plan to improve the performance of our Mobile Devices business and create value for all stockholders.”

In recommending that Motorola stockholders vote FOR Motorola’s incumbent directors and AGAINST Mr. Icahn’s nomination, Glass Lewis noted in its report*: “[W]e feel [Mr. Icahn’s] plan for improving Motorola’s current position is short on details. Furthermore, while we acknowledge Mr. Icahn’s lengthy record in generating shareholder value in turnaround situations, without a definitive plan put forth, shareholders are left to rely solely on Mr. Icahn’s record and generic calls for a more engaged board… [W]e do not feel Mr. Icahn’s proposal meets the requirements necessary to take the significant step of electing a dissident board member.”

“Motorola has also undertaken significant changes in its corporate ranks, having installed a new COO and CFO. Taken together, this does not appear to be the action of passive managers or directors which Mr. Icahn portrays in his letters to shareholders.” “[W]e note that Mr. Icahn only started building his position in Motorola in January of 2007. While Mr. Icahn’s position is large in term of absolute dollars (approximating $1.3 billion dollars), his holdings of 2.9% of shares outstanding isn’t large enough to give him an automatic seat at the table, in our opinion. We feel neither the size nor length of his holdings in Motorola should automatically qualify him as a director of the Company.”

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