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To: Al Gutkin who wrote (4102)	1/12/1998 8:11:00 PM
From: Arnie Doolittle	Read Replies (1) \| Respond to of 10227

Al, here's part of a VERY long MOT earnings announcement: "Monday January 12, 5:46 pm Eastern Time Company Press Release Motorola Reports Higher Sales and Earnings SCHAUMBURG, Ill.--(BUSINESS WIRE)--Jan. 12, 1998--Motorola, Inc. today reported higher sales and earnings for both the full year and fourth quarter of 1997. Sales for the full year rose 7 percent to $29.8 billion from $28.0 billion in 1996. Earnings were $1.18 billion, up from $1.15 billion a year ago. Earnings per share (diluted) were $1.94, compared with $1.90 per share in 1996. The 1997 earnings include special charges of $306 million before taxes, equivalent to 32 cents per share after taxes, resulting primarily from restructuring decisions to exit several unprofitable businesses that no longer had long-term strategic value to the corporation. Special charges in the previous year, 1996, totaled $136 million before taxes, equivalent to 15 cents per share after taxes. Excluding special charges in both years, 1997 earnings would have been $1.38 billion, or $2.26 per share, compared with $1.24 billion, or $2.05 per share in 1996. Fourth quarter sales were $8.3 billion, up 8 percent from $7.7 billion in the fourth quarter of 1996. Earnings, including the special charges, were $321 million, compared with $238 million a year earlier. Earnings per share (diluted) were 53 cents, compared with 39 cents a year ago. The 1997 earnings include special charges of $110 million before taxes, equivalent to 12 cents per share after taxes. Special charges in 1996 totaled $183 million before taxes, equivalent to 20 cents per share after taxes. Excluding these charges, fourth-quarter earnings would have been $393 million, or 65 cents per share, compared with $357 million, or 59 cents per share in the fourth quarter of 1996. Net margin on sales was 4.0 percent in 1997, compared with 4.1 percent in 1996, while in the fourth quarter, net margin was 3.9 percent compared with 3.1 percent a year earlier. Excluding special charges, these margins for the full year would have been 4.6 percent versus 4.4 percent in 1996, and 4.8 percent for the fourth quarter of 1997 compared with 4.7 percent a year ago." Arnie