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Investment advisers weigh in on Motorola and Icahn

Two institutional investor advisory services issue recommendation on whether Carl Icahn should win a contested seat on Motorola's board.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto

Two institutional investor advisory services on Wednesday issued recommendations on whether Carl Icahn should win a contested seat on Motorola's board of directors--and their advice is mixed. Institutional Shareholder Services (ISS), which issues advice to roughly a third of Motorola's investors, is calling for shareholders to elect Icahn to Motorola's board.

Glass Lewis & Co., an institutional advisory service to pension funds and mutual funds, issued a recommendation that shareholders disregard Icahn's request for a board seat and, instead, side with the company's directors and their proposed slate of board members.