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 CHICAGO (AP) - Billionaire financier Carl Icahn was not elected to Motorola Inc.'s board of directors, according to preliminary results released Monday night by the cell phone maker. Final results from Monday evening's shareholder vote could takes weeks to tabulate, the company said in a statement.
Speaking at the cell phone maker's meeting in downtown Chicago, Icahn acknowledged a likely defeat in a fierce proxy fight, saying he didn't think he'd acquired enough support from shareholders to be elected to Motorola's board of directors.
"I think it'll be tough for me to win," Icahn said before the tally was released. "I congratulate them if they win. And I really hope they can produce what they say they will."
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