Icahn Reacts to Replacement of Zander

    NEW YORK, Nov. 30 /PRNewswire/ -- Carl Icahn commented today on the
 announcement by Motorola, Inc. ( MOT) that it was replacing Edward J.
 Zander as Motorola's CEO. Mr. Icahn stated as follows: "I believe that the
 replacement of Ed Zander as CEO is a positive step for Motorola, but that
 the action of the Board was long past due. As I said at Motorola's
 shareholder's meeting last year, although I like Ed Zander personally, I
 never thought that he was the right man for the job at Motorola. Further, I
 believe that the steps announced today do not even begin to address the
 major problems at Motorola. In my opinion, Motorola should be split into
 separate companies: a mobile devices company; an enterprise mobility
 company; a connected home company; and a company focused on mobile networks
 infrastructure. In particular, I believe that the best opportunity for the
 mobile devices' business to attract top flight management and to prosper
 and grow is to establish it as a stand alone business." Mr. Icahn further
 indicated that he continues to believe that Motorola has strong business
 components and great potential, but that it requires a complete
 restructuring to achieve that potential.
 
     SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER
 DOCUMENTS RELATED TO SOLICITATION OF PROXIES BY MR. ICAHN AND HIS
 AFFILIATES FROM THE STOCKHOLDERS OF MOTOROLA, INC. WHEN AND IF THEY BECOME
 AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. WHEN AND IF
 COMPLETED, A DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY WILL BE MAILED
 TO STOCKHOLDERS OF MOTOROLA, INC. AND WILL BE AVAILABLE AT NO CHARGE AT THE
 SECURITIES AND EXCHANGE COMMISSION'S WEBSITE AT HTTP://WWW.SEC.GOV.
 INFORMATION RELATING TO THE POTENTIAL PARTICIPANTS IN A POTENTIAL PROXY
 SOLICITATION IS CONTAINED IN THE SCHEDULE 14A FILED BY MR. ICAHN AND HIS
 AFFILIATES WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 9, 2007
 WITH RESPECT TO MOTOROLA, INC. THAT SCHEDULE 14A RELATES TO THE PREVIOUS
 PROXY SOLICITATION AND IT IS CURRENTLY AVAILABLE AT NO CHARGE ON THE
 SECURITIES AND EXCHANGE COMMISSION'S WEBSITE.
 
 
 

SOURCE Carl Icahn