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[Costa]

Activist investor Carl Icahn has raised his stake in Schaumburg-based Motorola Inc. to 8.75 percent, according to a Friday filing with the U.S. Securities and Exchange Commission.

Icahn and his investment vehicles last disclosed their Motorola holdings in May 2008, reporting a 7.6 percent stake. Although Icahn was once one of Motorola's most vocal critics, waging proxy battles and issuing sharp rebukes against the company's management, he has been quiet since a 2008 agreement put two of his candidates on the board. Icahn had also pressed for a break-up of the company, a plan that is now in progress and slated for the first quarter of 2011. Last week, Motorola reported first-quarter earnings that exceeded analysts' expectations.

Source : http://www.chicagobr...n-motorola.html