Tech wrap: HP’s #TouchPad sell-off | MediaFile: Hewlett-

Packard has finally discovered the magic price point for its TouchPad tablet: $99. The tech giant announced the new low price for the 16 GB model of the recently discontinued device over the weekend, also dropping the price for its 32 GB version to $149. Retailers such as Best Buy, Staples and Walmart followed HP’s lead by offering TouchPad fire sales of their own over the weekend.

The response: overwhelming. According to PC World, many retailers had sold out of the devices by mid-day on Saturday. By Monday morning, the TouchPad had climbed to the No.1 spot on the Amazon best-seller list for electronics. Expect the selling frenzy to continue this week: HP said on Monday it intends to deliver more of the tablets until the supply runs out. HP originally launched the smaller model with a $500 price tag, but reduced it to $400 soon after its July 1 release in an attempt to spur demand.