**Reuters**Icahn's decision to maintain his 11 percent stake**
Jan 26 (Reuters) - Mobile data services seller Motricity Inc (MOTR.O) withdrew a planned secondary offering, as its largest stockholder Carl Icahn opted not to sell shares at this time, sending its stock up 10 percent.
Icahn's decision to maintain his 11 percent stake is seen as a mark of confidence in the company, which debuted on Nasdaq in June last year.
Icahn Associates Corp owns about 4.4 million shares in Motricity, according to Thomson Reuters data.
The company was not going to receive proceeds from the proposed offering, unless the overallotment option to purchase additional shares was exercised by the underwriter, it said.
Motricity counts wireless providers Verizon Communications (VZ.N), AT&T Inc (T.N), Sprint Nextel Corp (S.N) and T-Mobile among its customers
The first one that comes to mind is c704me, his intellectual testicles just shriveled to the size of a couple of de-shelled peanuts. Hey, Icahn's son is on the board, don't you know that. Trades like death, shows he just pulls things out of his rear end.