Shareholder activist Carl Icahn, who already this year made an unsuccessful bid for change at Motorola Inc., says he may retarget the company if he doesn't see improvement. "There is value there, and if that value doesn't manifest itself I, as an activist, would think very seriously about coming back," he told the Financial Times. Earlier this year, Icahn, who reportedly owns about 3% of the telecommunications equipment maker,
pushed for a massive stock buyback and failed to gain a seat on the company's board after a bitter proxy fight. He also would like to see the handset division separated from the rest of the company. Despite efforts to revamp management and cut costs, the FT says analysts remain concerned about ongoing market share erosion and a lackluster product line. Motorola declined to comment on a possible new challenge from Icahn.
Commentary: Nokia Grabs More Market Share from Motorola • Something's Not Right About Motorola • Motorola: It's Time For Change
Stocks to watch: MOT. ETFs: BDH, WMH. Competitors: NOK, ERIC, RIMM, AAPL, PALM
Earnings call transcript: Motorola Q2 2007
