"My son talked me into in, and I'm not sure it was the right decision".
Isn't very convincing from an investor's standpoint that Icahn even knows about MOTR's business model - Can't imagine why the stock is down 95% in 2011. To the 'layperson' Icahn sounds intelligent; beyond that, it's 'Amateur Night'.
Motricity was mismanaged. We have new blood in charge now. It's going to take a couple more months, but you should expect to see the beginnings of a real turnaround with the new professionals in charge. Concerning Icahn, he has not sold, moreover he gave Motricity a NEW $20 million loan in September. That means he is standing behind the company.