He also acknowledged considering nominating people to the Nuance board of directors so draw your own conclusions. Perhaps sensing what's in the cards, Nuance adopted a plan to shield itself against a hostile takeover should an investors, hedge fund or a group of investors acquire one-fifth or more of its stock without board approval. Remember that preceding all this talk is an Xconomy story that rose the possibility of Apple supplanting Nuance's tech in Siri with its own in-house solution. Fueling that speculation further, it's been discovered that a bunch of former employees of VoiceSignal Technologies, a speech software firmed acquired by Nuance, now appear in leading roles reportedly developing Siri as a full-blown in-house application for Apple. Icahn's profit-making strategy typically involves making large investments in undervalued firms to gain a board seat so he could push for stock buybacks. Our reply: IEP fund is up 19.03% since July 1.