NEW YORK ( TheStreet) -- Following the debut of Surface, shares of Microsoft (MSFT - Get Report) climbed 2.88% to $30.70. Shares of Apple (AAPL), which will be Microsoft's primary competitor in the tablet space, rose a modest 0.28% to close at $587.41.
Oracle (ORCL - Get Report) released its fourth quarter earnings report late on Monday, three days ahead of schedule. The software giant's strong results drove shares up by 3.10% to $27.96 during Tuesday trading.Shares of Ubiquiti Networks (UBNT - Get Report), known as one of Silicon Valley's fastest growing companies, rose 4.31%, closing at $13.55 on Tuesday. CEO Robert Pera agreed to buy the Memphis Grizzliesbasketball team for $350 million. Over half of the company's floating shares were sold short a month ago because investors were concerned about earnings quality, amongst other things, according to CNBC. A day after a US District Court ruled in favor of Vringo's (VRNG - Get Report) merger partner Innovate/Protect in a hearing concerning patents and intellectual property, shares of the New York-based company jumped 8.46% reaching $4.36. --Written by Nathalie Pierrepont in New York. >To submit a news tip, send an email to: firstname.lastname@example.org. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. >Contact by Email. Follow @nrpierrepont