Motorola and Oakley Join Forces on Product Development for Communication Devices

Motorola and Oakley Join Forces on Product Development for
Communication Devices


LIBERTYVILLE, Ill. and FOOTHILL RANCH, Calif., Jan. 14
 /PRNewswire-FirstCall/ -- 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 $548.9 million and generated net income of $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. 

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DATASOURCE: Motorola, Inc.



CONTACT: Shannon Swallow, Director, Global Consumer PR of Motorola, Inc.,

[phone], ; or Gar Jackson, Director Investor

Relations of Oakley, Inc., [phone], 



Web site:  http://www.motorola.com/ 

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