Tuesday, January 30, 2007

Icahn Targets Motorola (MOT)

Icahn sets his sights on Motorola (NYSE: MOT):

A short time ago, Motorola confirmed receipt of notice from certain Carl Icahn entities for the nomination of Carl C. Icahn to Motorola's Board of Directors at the Company's 2007 Annual Meeting of Stockholders.

The notice contained no additional information regarding his intentions. The Company has not yet set a date for its 2007 Annual Meeting.

The company said the notice states that the Carl Icahn entities "may be deemed to beneficially own, in the aggregate, 33,529,000 shares, representing approximately 1.39% of the Corporation's outstanding shares."

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