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Apple, Yahoo: Morning Tech Bytes

Apple shares crossed the $300 mark for the first time Wednesday.
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NEW YORK (TheStreet) -- Stock futures were pointing to a stronger open Thursday, likely helped a bit by tech stocks' rally on Wednesday, when Appleundefined and IBM (IBM) - Get International Business Machines Corporation Report posted record highs.

Apple stock crossed the $300 mark

for the first time Wednesday, as investors reacted positively to growth potential for the iPhone 4 and iPad. The stock was up 0.77% to $302.46 in premarket trading.

Meanwhile, IBM stock hit above $400 for the first time, as it announced the

acquisition of privately held software company PSS Systems

. Big Blue shares were up 0.35% to $140.86 in premarket trading.

Rumors swirled late Wednesday that



and a group of private equity investors could look to buy out



, following a story in the

Wall Street Journal

. Talks are still in very preliminary stages and Yahoo! has not yet become involved in the process, the report said. Yahoo's stock spiked 13.11% in premarket trading in response.


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(MSFT) - Get Microsoft Corporation Report



announced a new partnership Wednesday afternoon that will incorporate the social network's data into Bing's search results to improve relevance.

Bing will integrate information from Facebook's database

of 500 million users and provide search results based on this data.

For example, if a user is searching for a movie, Bing will make a recommendation based on friend's preferences.

Microsoft's stock closed at $25.34 Wednesday and was down 20 cents in premarket trading Thursday.


(GOOG) - Get Alphabet Inc. Class C Report

captured 66.1% of the U.S. search market for the month of September up from 65.4% the previous month, according to Comscore. Yahoo and Microsoft lagged far behind with 16.7% and 11.2% share, respectively.

Google shares rose 0.35% or $1.91 Wednesday to close at $543.30 and was up 75 cents in premarket trading Thursday.

Following on similar sentiment we heard from


(INTC) - Get Intel Corporation Report

executives, research shop Gartner reported late Wednesday that consumer demand for PCs is soft. Even so, Gartner said that global PC shipments increased 7.6% in the third quarter, with


(HPQ) - Get HP Inc. Report

solidly in the market share lead holding 17.5% of the world's PC market, which is down from 18.9% a year ago. HP also rules the U.S. market, holding roughly 25%; Dell is second at 23.8%.

--Written by Olivia Oran in New York.

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