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Motorola

Motorola and Oakley Join Forces on Product Development for Communication Devices

Libertyville, Illinois and Foothill Ranch, California
(ots/PRNewswire)

Motorola, Inc. (NYSE: MOT) and Oakley, Inc. (NYSE: OO) today announced a joint venture to introduce new and exciting Bluetooth(TM)-enabled wearable wireless communications devices.

Motorola is collaborating with Oakley -- the leader in eyewear
design, technology and innovation -- to fuse Motorola's latest
Bluetooth technology with Oakley's advanced eyewear concepts. Details
and designs are set to be unveiled by mid-2005. Company executives
said their mutual objective is to deliver evolutionary and innovative
products for consumers who want hands-free, untethered operation of
their electronic devices.
"Motorola's continuing leadership in Bluetooth technology has
opened up unique relationship opportunities with key lifestyle brands
such as Oakley," said Bruce Hawver, Companion Products Group vice
president and general manager, Motorola. "That's the power of our
joint venture -- it allows us to reach out to new and different types
of users of the technology -- enabling seamlessly mobile wireless
communications anywhere and everywhere consumers want to be."
"By teaming with Motorola, we're dramatically expanding the
possibilities for our new electronics category," said Cos Lykos, Vice
President of Business Development. "Oakley's engineering team now has
an expanded technology arsenal to develop new and innovative
electronic products."
About Motorola
Motorola is a Fortune 100 global communications leader that
provides seamless mobility products and solutions across broadband,
embedded systems and wireless networks. In your home, auto,
workplace, and all spaces in between, seamless mobility means you can
reach the people, things and information you need, anywhere, anytime.
Seamless mobility harnesses the power of technology convergence and
enables smarter, faster, cost-effective and flexible communication.
Motorola had sales of US$27.1 billion in 2003. For more information:
http://www.motorola.com.
About Oakley, Inc.
Oakley: a world brand, driven to ignite the imagination through
the fusion of art and science. Building on its legacy of innovative,
market-leading premium sunglasses, the company also offers an
expanding line of premium performance footwear, apparel, accessories,
watches and prescription eyewear to consumers in more than 100
countries. Trailing-12-month revenues through September 30, 2004
totaled US$548.9 million and generated net income of US$34.8 million.
Oakley, Inc. press releases, SEC filings and the company's Annual
Report are available at no charge through the company's Web site at
http://www.oakley.com.
Oakley Safe Harbor Disclaimer
This press release contains certain statements of a
forward-looking nature. Such statements are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements, including but not
limited to growth and strategies, future operating and financial
results, financial expectations and current business indicators are
based upon current information and expectations and are subject to
change based on factors beyond the control of the company.
Forward-looking statements typically are identified by the use of
terms such as "may," "will," "should," "might," "believe," "expect,"
"anticipate," "estimate" and similar words, although some
forward-looking statements are expressed differently. The accuracy of
such statements may be impacted by a number of business risks and
uncertainties that could cause actual results to differ materially
from those projected or anticipated, including: risks related to the
successful development, launch and sale of products developed under
joint ventures; the company's ability to manage rapid growth; risks
related to the limited visibility of future sunglass orders
associated with the company's "at once" production and fulfillment
business model; the ability to identify qualified manufacturing
partners; the ability to coordinate product development and
production processes with those partners; the ability of those
manufacturing partners and the company's internal production
operations to increase production volumes on raw materials and
finished goods in a timely fashion in response to increasing demand
and enable the company to achieve timely delivery of finished goods
to its retail customers; the ability to provide adequate fixturing to
existing and future retail customers to meet anticipated needs and
schedules; the dependence on eyewear sales to Sunglass Hut, which is
owned by a major competitor and, accordingly, could materially alter
or terminate its relationship with the company; the company's ability
to expand distribution channels and its own retail operations in a
timely manner; unanticipated changes in general market conditions or
other factors, which may result in cancellations of advance orders or
a reduction in the rate of reorders placed by retailers; continued
weakness of economic conditions could continue to reduce or further
reduce demand for products sold by the company and could adversely
affect profitability, especially of the company's retail operations;
further terrorist acts, or the threat thereof, could continue to
adversely affect consumer confidence and spending, could interrupt
production and distribution of product and raw materials and could,
as a result, adversely affect the company's operations and financial
performance; the ability of the company to integrate acquisitions and
licensing arrangements without adversely affecting operations; the
ability to continue to develop and produce innovative new products
and introduce them in a timely manner; the acceptance in the
marketplace of the company's new products and changes in consumer
preferences; reductions in sales of products, either as the result of
economic or other conditions or reduced consumer acceptance of a
product, could result in a buildup of inventory; the ability to
source raw materials and finished products at favorable prices to the
company; the potential impact of periodic power crises on the
company's operations including temporary blackouts at the company's
facilities; foreign currency exchange rate fluctuations; earthquakes
or other natural disasters concentrated in Southern California where
substantially all of the companies operations are based; the
company's ability to identify and execute successfully cost control
initiatives; and other risks outlined in the company's SEC filings,
including but not limited to the Annual Report on Form 10-K for the
year ended December 31, 2003 and other filings made periodically by
the company. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
hereof. The company undertakes no obligation to update this
forward-looking information. Nonetheless, the Company reserves the
right to make such updates from time to time by press release,
periodic report or other method of public disclosure without the need
for specific reference to this press release. No such update shall be
deemed to indicate that other statements not addressed by such update
remain correct or create an obligation to provide any other updates.
MOTOROLA and the Stylized M Logo are registered in the US Patent &
Trademark Office. All other product or service names are the property
of their respective owners.
Web site: http://www.motorola.com

Contact:

Shannon Swallow, Director, Global Consumer PR of Motorola, Inc.,
+1-847-668-7086, shannons@motorola.com; or Gar Jackson, Director
Investor Relations of Oakley, Inc., +1-949-672-6985,
gjackson@oakley.com; Photo:
http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com

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