Carl Icahn's Shopping List Portfolio - Stockpickr! Your Source for Stock Ideas

Carl Icahn's Shopping List

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Created by Barrons

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Date updated:02-10-2007

From Barron's 2-12-07 issue:

WHAT ELSE IS ON CARL ICAHN'S SHOPPING LIST? That question has been making the rounds since the billionaire investor announced he had amassed a 1.4% stake in Motorola (MOT), and plans to prod the company to buy back a very big pile of its cheap shares.

If Icahn's assessment is right, other telecom-equipment and chip companies may soon find themselves caught in the cross-hairs of impatient shareholders or buyout firms, all eyeing their cash stashes. And Icahn isn't the only one on the prowl. Recent multi-billion buyouts of Freescale Semiconductor (FSL) and Philips Electronics' (PHG) chip unit suggest that cash-rich chip or telecom-equipment makers with underleveraged balance sheets are quickly becoming a new quarry.

"Both events represent an effort to extract shareholder value through a change in capital structure," says Zhiping Zhao, a senior analyst at the independent research firm CreditSights, who sees mounting "pressure from shareholders for these companies to return excess cash, as well as optimize capital structure and create shareholder value."

But Zhao flagged companies like ADI (ADI), Linear Technologies (LLTC), Maxim (MXIM), Altera (ALTR), and Xilinx (XLNX) as potential LBO targets. European companies like Infineon (IFX) and ST Microelectronics also screen as cheap LBO targets considering the debt that can be loaded onto their ledgers.

MOT
Motorola Inc
$8.89
-4.51%
$9.26

the billionaire investor announced he had amassed a 1.4% stake in Motorola (MOT), and plans to prod the company to buy back a very big pile of its cheap shares.

People owning MOT also tend to own: C CLX CVS GOOG GS HD JNJ

TheStreet.com Rating: D+ What is this?

ADI
Analog Devices
$26.52
-1.30%
$26.71

No Analysis added

People owning ADI also tend to own: CSCO UARM AIG ALL APA CAT DD

TheStreet.com Rating: B- What is this?

LLTC
Linear Technology
$26.72
-0.60%
$26.70

No Analysis added

People owning LLTC also tend to own: AMAT ARO CFI CHRS CY EMC LAVA

TheStreet.com Rating: C What is this?

MXIM
Maxim Integrated
$17.47
+1.04%
$17.33

No Analysis added

People owning MXIM also tend to own: ADTN ALGN AMLN BEAS CCMP CKFR CRL

TheStreet.com Rating: C What is this?

ALTR
Altera Corporatio
$19.77
-0.85%
$19.80

No Analysis added

People owning ALTR also tend to own: ADI APA AVP BBBY COST EL EMC

TheStreet.com Rating: B What is this?

XLNX
Xilinx
$21.89
-0.73%
$21.87

No Analysis added

People owning XLNX also tend to own: CRH IBM GOOG NUVO AAPL AKAM FDX

TheStreet.com Rating: B What is this?

IFX
Ifx
$0.00
N/A
$N/A

No Analysis added

People owning IFX also tend to own: AMGN CI CVS CVX EP GSF HAL

TheStreet.com Rating: No Rating What is this?

ERIC
Lm Ericsson Telep
$10.24
-1.35%
$10.30

No Analysis added

People owning ERIC also tend to own: ANN AUY BAC BHI F GE GLW

TheStreet.com Rating: C What is this?

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