Motorola Authorizes $4.0 Billion, 36-Month Stock Repurchase

Motorola's Board of Directors has authorized the company to repurchase up to $4.0 billion of its outstanding shares of common stock over the next 36 months, subject to market conditions. Based on Motorola's current stock price, $4.0 billion represents approximately 10% of the company's total market capitalization. As of April 2, 2005, Motorola had approximately 2.45 billion shares of common stock outstanding.
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