Cramer thinks it’s time for investors to consider buying Motorola (MOT) and Yahoo! (YHOO) off the idea that activist investor Carl Icahn can turn both of these troubled companies around. Cramer explained that he heard Icahn speak at a high-level meeting last week, and he outlined his strategy to unlock value from both firms. Ichan plans to break-up Motorola into three divisions and get his people appointed to the board of directors. Turning to Yahoo!, Cramer said Icahn will do everything possible to make the search company either merge with Microsoft (MSFT) or sign a search deal in order to compete with market leader Google (GOOG). Cramer said that both stocks are very cheap. “the opportunity to get into both of them hasn’t looked this good for a long while,” he said. Cramer explained that investors should trust Ichan because he produced results in Kerr McGee (KMD), BEA Systems (BEAS) and Time Warner (TWX).
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