Icahn's New Motorola Message

Calling Motorola's (MOT Quote) board complacent, billionaire investor Carl Icahn turned up the pressure to get a director seat.

In a letter to Motorola's executive directors Friday, Icahn changed his message a bit, saying stock buybacks and dividends should take a back seat to fixing operational problems.

Icahn says he and his affiliated investment groups have accumulated 68 million shares, a 2.8% stake in Motorola, in a bid to influence the company's decisions. Previously, Icahn had targeted Motorola's lackluster stock performance and huge cash pile as an opportunity for shareholders to benefit from a possible stock repurchase or a massive dividend. ...