SCHAUMBURG, Ill. -- Motorola, Inc. (NYSE: MOT - News) today reported record sales and earnings from continuing operations.

During the quarter, the company continued to strengthen its balance sheet, generating operating cash flow of $2.1 billion, its 20th consecutive quarter of positive operating cash flow. For the full year, the company generated operating cash flow of $4.6 billion and ended the year with a record net cash(1) position of $10.5 billion.

"We are very pleased about our record fourth-quarter and full-year results," said Ed Zander, chairman and CEO. "Motorola continues to deliver compelling products and solutions to our customers, who are embracing our vision of seamless mobility."

Mobile Devices sales were $6.5 billion, up 30 percent compared with the year-ago quarter. Operating earnings were $663 million, compared with operating earnings of $532 million for the same period in 2004. For the full year, sales increased 25 percent, operating earnings increased 27 percent, and unit shipments increased 40 percent. Sales, earnings and market share were up once again as a result of "must have" products that combine innovative style, leading technology and quality while enabling "must do" experiences such as mobile video and mobile music.

During the quarter:

• Shipped 44.7 million handsets -- an increase of 40 percent compared to the same period in 2004
  
  
• Continued as the clear No. 2 player in the world's wireless handset industry with an estimated 19.0 percent global market share. Compared to market share for the fourth quarter of 2004, regional market share positions are estimated to be:
  
  
• Retained No. 1 market share position in North America, with stable market share
  
  
• Retained No. 1 market share position in Latin America, gained two points of share
  
  
• Achieved No. 2 market share position in Europe, gained more than five points of share
  
  
• Achieved No. 2 market share position in North Asia (China, Hong Kong, Japan, Taiwan, and South Korea), gained more than four points of share
  
  
• In the High-Growth Markets region (Middle East, Africa, India and Southeast Asia), gained more than four points of share and continued to make investments to build the Motorola brand and distribution channels to drive profitable growth across price tiers
  
  
• Launched 26 new handsets, including six for CDMA, 13 for GSM, three for UMTS, and four for iDEN -- including EV-DO and UMTS additions to the RAZR family as well as GSM versions of the eagerly anticipated Motorola PEBL clamshell and the ultra-slim SLVR L7 and L6 candy-bar designs
  
  
• Expanded distribution networks in China and India, where the company is well positioned for market-share growth across price tiers
  
  

Government and Enterprise Mobility Solutions Segment sales were $1.8 billion, up 8 percent compared with the year-ago quarter. Operating earnings increased to $314 million, compared with $222 million in the year-ago quarter. For the full year, sales increased 6 percent and operating earnings increased 5 percent.

Motorola Inc. (NYSE: MOT)