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Independent auditors' report

The Board of Directors and stockholders of Motorola, Inc.:

We have audited, in accordance with auditing standards generally accepted in the United States of America, the consolidated balance sheets of Motorola, Inc. and subsidiaries as of December 31, 2000 and 1999, and the related consolidated statements of operations, stockholders' equity, and cash flows for each of the years in the three-year period ended December 31, 2000, appearing in the appendix to the proxy statement for the 2001 Annual Meeting of Stockholders of Motorola, Inc. (not presented herein); and in our report dated January 10, 2001, also appearing in that proxy statement appendix, we expressed an unqualified opinion on those consolidated financial statements.

In our opinion, the information set forth in the accompanying condensed consolidated financial statements is fairly presented, in all material respects, in relation to the consolidated financial statements from which it has been derived.

KPMG LLP


KPMG LLP
Chicago, Illinois
January 10, 2001


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