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).