Carl Icahn, asked in a Fox Business Network interview why he increased his Dell Inc. (DELL) stake last week, said the computer company is "undervalued."

Mr. Icahn, who now holds an 8.9% stake, said he is "pretty much at the ceiling" and is "done for now" buying shares. In April, he agreed not to buy a stake of more than 10% in the company.

Mr. Icahn has opposed the company's buyout deal with Chief Executive Michael Dell and private equity firm Silver Lake.

Website: www.foxbusiness.com

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