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IBM High: Morning Tech Bytes

IBM's high kicks off the day's important tech news.
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NEW YORK (TheStreet) -- News of IBM (IBM) - Get International Business Machines Corporation Report hitting a new high led tech watchers into another big day for tech news, with chip giant Intel (INTC) - Get Intel Corporation Report reporting third-quarter earnings -- and a read on tech's overall health -- after market close.

IBM hit a new high of $139.94 Monday afternoon before closing slightly lower at $139.66. The stock's previous high was $137.88 in July 1999. Shares lifted as IBM investors expressed confidence that corporate customers will continue to invest in information technology despite uncertainty in the economy, Collins Stewart analyst Lou Miscioscia told

Bloomberg News

. Investors may have also left rival

Hewlett Packard

(HPQ) - Get HP Inc. Report

, following the August resignation of Mark Hurd and uncertainty over new CEO Leo Apotheker, which could have also contributed to the uptick in price.

IBM shares were trading $1.11 lower Tuesday at $138.55 shortly after market open.


(GOOG) - Get Alphabet Inc. Class C Report

announced yesterday that it has

invested in a wind farm project

along the Atlantic Coast. The project, expected to cost around $5 billion, will be able to power 1.9 million homes from New Jersey to Virginia, according to a blog post from Google's Green Business Operations Director, Rick Needham. Google and investment firm Good Energies will each put up a 37.5% stake in the initial development stage.

Google shares were up $2.38 to $541.2 at market open.

Japanese social gaming company

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announced this morning that it had agreed to purchase San Francisco-based iPhone developer


for $403 million, following weeks of speculation. Founded by former

Electronic Arts


executive Neil Young, ngmoco is best known for puzzle adventure games like Rolando and Topple. The company is currently working on developing games for Google's Android operating system.


(WMT) - Get Walmart Inc. Report

confirmed last night that it will begin selling


(AAPL) - Get Apple Inc. Report

iPad product beginning this Friday. The Bentonville, Arkansas-based retailer said the devices will reach 2,300 U.S stores by mid-November and that they will sell for Apple's suggested retail price of $499 for the least expensive version. Other discount chains including

Best Buy

(BBY) - Get Best Buy Co., Inc. Report



(TGT) - Get Target Corporation Report

already sell the iPad.

Wal-Mart shares were down 65 cents at $53.96.

Apple supplier and wafer company

TriQuint Semiconductor


, whose components are rumored


to be included inside Apple's new CDMA/


(VZ) - Get Verizon Communications Inc. Report

iPhone, issued third-quarter guidance. TriQuint is expecting quarterly revenue of $238 million and EPS of 27 cents. According to


, analysts are expecting the firm to report EPS of 20 cents on revenue of $221 million.

Shares of TriQuint were trading slightly up at market open at $9.08.

--Written by Olivia Oran in New York.

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