I'm using libtool-1.3.5nb6, but it seems that's not new enough to compile
the kde2 kdelibs package you put up:

configure:6462: checking for Qt
configure:6623: rm -rf SunWS_cache; /bin/sh ./libtool --tag=CXX --mode=link c++ -o conftest -O2 -fno-exceptions -fno-check-new -Wall -pedantic -W -Wpointer-arith -Wmissing-prototypes -Wwrite-strings -Wno-long-long -fno-builtin -O2 -I/usr/X11R6/qt2/include -I/usr/X11R6/include   -Wl,-R/usr/X11R6/lib -L/usr/X11R6/lib -Wl,-R/usr/pkg/lib -L/usr/pkg/lib -Wl,-R/usr/X11R6/lib -L/usr/X11R6/lib -Wl,-R/usr/pkg/lib -L/usr/pkg/lib -L/usr/X11R6/qt2/lib -L/usr/X11R6/lib -Wl,-R/usr/X11R6/lib  -L/usr/pkg/lib -L/usr/X11R6/lib conftest.C -Wl,-export-dynamic -lqt -lpng -lz -lm -ljpeg  -lXext -lX11 -lSM -lICE  1>&5
libtool: unrecognized option `--tag=CXX'
Try `libtool --help' for more information.

Do you have a devel/libtool that you can share with us? :)


 - Hubert

-- 
Hubert Feyrer <hubert@feyrer.de>