Icahn may reignite campaign against Motorola - FT

NEW YORK, Oct 14 (Reuters) - Activist investor Carl Icahn has signalled the possible launch of a new campaign against mobile handset maker Motorola Inc (MOT.N: Quote, Profile, Research, Stock Buzz) if performance at the telecommunications equipment maker does not improve, the Financial Times reported on its Web site on Sunday.

Icahn has made few public comments about Motorola after failing to win a seat on the company's board in May. He lost his bid after a bitter proxy battle over his attempts to change what he said were operational problems at Schaumburg, Illinois- based Motorola.

Motorola has been losing market share to rivals amid criticism of its handset business, which it said would not be profitable this year.

Icahn has remained a large Motorola shareholder and owns more than 70 million shares, or a stake of about 3 per cent, the Financial Times said, citing people familiar with the matter.

"There is value there, and if that value doesn't manifest itself I, as an activist, would think very seriously about coming back," the paper quoted Icahn saying.