Suse 11.3 : libtool doesn't support C++

Since I upgraded from Suse 10.2 to 11.3 libtool doesn’t support C++ anymore :

libtool --mode=link g++ …
I get :
libtool: link: unable to infer tagged configuration
libtool: link: specify a tag with `–tag’

If I try --tag=CXX I get :
libtool: link: unsupported hardcode properties

g++ is installed and works !
uninstalling and installing libtool didn’t help !

Distribution: openSUSE 11.3 (x86_64)
Kernel: Linux 2.6.34-12-desktop x86_64
Prozessor (CPU): AMD Athlon™ 64 Processor 3200+

Are you sure you upgraded properly or is it a fresh install?

Please provide:
rpm -q libtool
which libtool

rpm -q libtool

which libtool

I upgraded from Suse 10.2 to 11.3 without problems.