diff -aur libtool-1.5.22.orig/libtool.m4 libtool-1.5.22/libtool.m4
--- libtool-1.5.22.orig/libtool.m4	2005-12-18 16:53:17.000000000 -0500
+++ libtool-1.5.22/libtool.m4	2007-05-05 15:47:41.000000000 -0400
@@ -67,7 +67,8 @@
 LIBTOOL_DEPS="$ac_aux_dir/ltmain.sh"
 
 # Always use our own libtool.
-LIBTOOL='$(SHELL) $(top_builddir)/libtool'
+LIBTOOL='$(SHELL) $(top_builddir)'
+LIBTOOL="$LIBTOOL/$host_alias-libtool"
 AC_SUBST(LIBTOOL)dnl
 
 # Prevent multiple expansion
@@ -134,7 +135,7 @@
 rm="rm -f"
 
 # Global variables:
-default_ofile=libtool
+default_ofile=${host_alias}-libtool
 can_build_shared=yes
 
 # All known linkers require a `.a' archive for static linking (except MSVC,
Only in libtool-1.5.22: libtool.m4.orig
diff -aur libtool-1.5.22.orig/Makefile.am libtool-1.5.22/Makefile.am
--- libtool-1.5.22.orig/Makefile.am	2005-08-12 13:21:09.000000000 -0400
+++ libtool-1.5.22/Makefile.am	2007-05-05 15:49:25.000000000 -0400
@@ -30,7 +30,7 @@
 aclocal_DATA = $(aclocal_macros)
 
 # The standalone libtool script, and the libtool distributor.
-bin_SCRIPTS = libtool libtoolize
+bin_SCRIPTS = $(host_alias)-libtool libtoolize
 
 ## These are installed as a subdirectory of pkgdatadir so that
 ## libtoolize --ltdl can find them later:
@@ -55,7 +55,7 @@
 	libltdl/configure \
 	libltdl/config-h.in
 
-libtool: $(srcdir)/ltmain.sh $(top_builddir)/configure.ac
+$(host_alias)-libtool: $(srcdir)/ltmain.sh $(top_builddir)/configure.ac
 	$(SHELL) $(top_builddir)/config.status --recheck
 	chmod +x $@