Motorola works to block Icahn

Motorola Inc. does not plan to support billionaire investor Carl Icahn’s plan to join the company’s board, according to media reports.
The handset vendor is recommending shareholders vote for the company’s own slate of directors. “We urge stockholders NOT to sign any proxy card that you may receive from the Icahn Entities,” Motorola said in a notice about its 2007 annual meeting, according to reports.
Carl Icahn, the billionaire investor, last week notified Motorola he may expand his current 1.4-percent stake in the company as he seeks a seat on its board of directors. A notice to Motorola appeared to reflect that four separate Icahn-controlled entities each may purchase as much as $500 million in Motorola stock, which could total as much as $2 billion in stock.
Motorola’s annual meeting is scheduled for May 7.