Round Rock, Texas - Dell reported lower revenue and net income in its fiscal first quarter ended May 4.

Net revenue was $14.4 billion, down 4 percent from the prior year's first quarter.

Consolidated operating income was $824 million from the prior year's $1.2 billion.

In its consumer business net revenue for the quarter was $3.04 billion down from the prior year's $3.45 billion. Consolidated operating income was $32 million, down from the prior year's $170 million.

Cupertino, Calif. - Seagate Technology will acquire a controlling interest in fellow data storage provider LaCie.

Seagate has offered to purchase from Philippe Spruch, LaCie's chairman and CEO, and his affiliate, all of their shares, representing 64.5 percent of the outstanding shares of LaCie. Following receipt of governmental approvals and the close of this transaction, Seagate would commence an all-cash simplified tender offer to acquire the remaining outstanding shares in accordance with the General Regulation of the French Autorité des Marchés Financiers (AMF).

Arlington, Va. - The Consumer Electronics Association (CEA) is recognizing the achievements and celebrating the 90th birthday this month of Jack Wayman and his 65th year in the industry.

Boca Raton, Fla. - Pinnacle Speakers is replacing its reference speaker line with a new line of eight in-room speakers priced from $159 each to $2,000 each.

Miramar, Fla. - Sim2 USA sent out a notice to dealers this week about a trade-up program it is offering to encourage owners of certain Sim2 720p HD three-chip DLP projectors (including some HT500 and C3X models) to get significant value on a new FullHD 1080p 3D-capable model.

Torrance, Calif. - Aftermarket security supplier Auto Page has restructured its North American operations, giving two top executives more responsibilities.

 President Mike Northup is expanding his responsibilities to include greater involvement in product management and sales and marketing. Chief financial officer Ken Watanabe assumes more responsibilities for administration, purchasing and inventory management.

 The restructuring reflects a "changing business climate," the company said.

Indianapolis - hhgregg reported higher sales but lower comp-store sales and lower adjusted net income for its fiscal year and fiscal fourth quarter, ended March 31.

Net income for the quarter was $53.6 million, compared with $14.6 million for the prior year's fourth quarter.

Brisbane, Calif. - Monster announced that Noel Lee, head monster, have been honored with the Plus X Lifetime Achievement Award.

The award is given to "those persons, who over a long period of time not only shaped the market but also significantly contributed to changes in the market," the company said. It was presented to Lee during an awards ceremony on May 10 in Cologne, Germany.

Minneapolis - Steve Decker joined Milestone AV Technologies as president of its consumer products group, a newly created position. 

Middletown, Pa. - Custom-install brand On-Q is expanding its focus on networking and retrofit solutions to complement its traditional structured-wiring solutions for home-wide audio, video, lighting control and home automation, said Fritz Werder, VP and brand general manager of Legrand's home systems division.