6:00 PM -- Now that Carl Icahn has lost his bid to gain a seat on the Motorola Inc. (NYSE: MOT) board, the No. 2 handset maker seems to have gained some breathing space to try and pump up the fortunes of its somewhat battered mobile devices division.

Case in point, speaking at the Software 2007 conference in California today, Moto CEO Ed Zander promised a new video phone that will launch in Europe next week. Zander describes the phone as a "media monster."

Some have been talking about the video device as a potential iPhone killer. Personally, I think to narrow the focus to Motorola versus Apple Inc. (Nasdaq: AAPL) ignores new devices from the likes of BlackBerry , to name but one other rival. (See RIM Curves It Around.)

Nonetheless, its clear that Motorola needs another hit device like the RAZR to revive its fortunes. Will a high-end video device be that gizmo? It is impossible to say for sure yet, but my gut feeling is "no." It might be a start in the right direction though.

— Dan Jones, Site Editor, Unstrung