Transaction Expands Motorola’s Portfolio of
Voice and Data Solutions for the Telecom Connected Home 
SCHAUMBURG, Ill. – 7 February 2007 -- Motorola, Inc. (NYSE: MOT) announced that
it has completed its acquisition of Netopia, Inc. (Nasdaq: NTPA). The
transaction has a total equity value of approximately $208 million on a
fully-diluted basis.
Netopia is a leader in providing carrier-class broadband customer premise
equipment (CPE), remote management software, and services to telecom operators
worldwide. The company provides a full portfolio of products designed for DSL
networks, including wired and wireless modems, routers, and gateways. The
company’s products deliver voice, video, data, and other advanced services to
residential and business customers.
The acquisition enables Motorola to further address the global broadband DSL
opportunity. Netopia’s carrier-class portfolio of products and technologies
extends Motorola’s current solutions for the emerging IPTV opportunity. As a
combined product portfolio, Motorola will now offer carriers a full suite of
home CPE and remote management software, providing support for any connected
device in the home, including media hubs, voice gateways, and IP set-tops. This
will complement the leading video, voice, and data portfolio Motorola already
provides for HFC and optical network operators worldwide.
As previously announced on November 14, 2006, the two companies signed a
definitive merger agreement under which Motorola has now acquired all of the
outstanding shares of Netopia common stock. The transaction was completed
Tuesday following approval of the merger by Netopia shareholders. With the
completion of the transaction, trading in Netopia common stock was suspended at
the close of business on Tuesday.
Source: Motorola press release
