CVS libtool does not bootstrap

% cvs up -C
% ./bootstrap
[...]
% ./configure --prefix ~/usr
[...]
configure: creating ./config.status
./config.status: line 1: Xln -s: command not found
./config.status: line 1: -e: command not found
./config.status: line 1: Xar: command not found
./config.status: line 1: -e: command not found
./config.status: line 1: Xcru: command not found
./config.status: line 1: -e: command not found
./config.status: line 1: Xstrip: command not found
./config.status: line 1: -e: command not found
./config.status: line 1: Xranlib: command not found
./config.status: line 1: -e: command not found
./config.status: line 1: X/bin/grep: No such file or directory
./config.status: line 1: -e: command not found
./config.status: line 1: X/bin/grep -E: No such file or directory
./config.status: line 1: -e: command not found
./config.status: line 1: X$AR $AR_FLAGS $oldlib$oldobjs$old_deplibs~$RANLIB 
$oldlib: command not found
./config.status: line 1: -e: command not found
X: user not authorized to run the X server, aborting.
./config.status: line 1: -e: command not found
./config.status: line 1: X$AR $AR_FLAGS $oldlib$oldobjs$old_deplibs~$RANLIB 
$oldlib: command not found
./config.status: line 1: -e: command not found
X: user not authorized to run the X server, aborting.
./config.status: line 1: -e: command not found
./config.status: line 1: X$RANLIB $oldlib~chmod 644 $oldlib: command not found
./config.status: line 1: -e: command not found
X: user not authorized to run the X server, aborting.
./config.status: line 1: -e: command not found
./config.status: line 1: X$AR $AR_FLAGS $oldlib$oldobjs$old_deplibs~$RANLIB 
$oldlib: command not found
./config.status: line 1: -e: command not found
./config.status: line 1: X$AR $AR_FLAGS $oldlib$oldobjs$old_deplibs~$RANLIB 
$oldlib: command not found
./config.status: line 1: -e: command not found
X: user not authorized to run the X server, aborting.
./config.status: line 1: -e: command not found
./config.status: line 1: X$AR $AR_FLAGS $oldlib$oldobjs$old_deplibs~$RANLIB 
$oldlib: command not found
./config.status: line 1: -e: command not found
X: user not authorized to run the X server, aborting.
./config.status: line 1: -e: command not found
config.status: creating config/ltmain.sh
config.status: creating libtoolize
config.status: creating Makefile
config.status: creating libltdl/Makefile
config.status: creating doc/Makefile
config.status: creating tests/Makefile
config.status: creating config.h
config.status: config.h is unchanged
config.status: executing depfiles commands
config.status: executing libtool commands
libtool: error: you must specify a MODE.
% sh -x ./config.status
[...]
+ eval 'lt_LN_S=\"`$echo "X$LN_S" | $Xsed -e "$sed_quote_subst"`\"'
+++ 'Xln -s'
./config.status: line 1: Xln -s: command not found
[...]
% grep Xsed config.status
    eval "lt_$var=\\\"\`\$echo \"X\$$var\" | \$Xsed -e 
\"\$sed_quote_subst\"\`\\\""
    eval "lt_$var=\\\"\`\$echo \"X\$$var\" | \$Xsed -e \"\$double_quote_subst\" 
-e \"\$sed_quote_subst\" -e \"\$delay_variable_subst\"\`\\\""
*'\$0 --fallback-echo"')  lt_echo=`$echo "X$lt_echo" | $Xsed -e 's/\\\\\\\$0 
--fallback-echo"$/$0 --fallback-echo"/'`
%

Looks like Xsed is not defined in config.status ?
-- 
Alexandre Duret-Lutz