MOUNTAIN VIEW, Calif.,
Dec. 10, 2007 – Cavium Networks
(NASDAQ: CAVM), a leading provider of highly integrated
semiconductor products that enable intelligent
processing for networking, communications, storage
and security applications today announced that
the Global Semiconductor Alliance (GSA), voice
of the global fabless business model recognized
Cavium Networks as Morgan Stanley’s Favorite
Fabless Pick at the Association's 2007 Awards
Dinner Celebration on Thursday, December 6, 2007
in Santa Clara, Calif.
Semiconductor financial analysts from Morgan
Stanley and Deutsche Bank nominated their favorite
fabless company for the Favorite Fabless Pick
award out of an extensive set of public fabless
companies. The analysts based their decision
on historical, as well as projected data, such
as stock price, earnings per share, revenue
forecasts and product performance. Cavium Networks
was the only company nominated by both Morgan
Stanley and Deutsche Bank among their top 3
picks. Mark Lipacis of Morgan Stanley selected
Cavium Networks as his favorite fabless pick.
“Industry analyst Mark Lipacis of Morgan
Stanley has chosen Cavium Networks as his Favorite
Fabless Pick for 2007,” said Jodi Shelton,
co-founder and executive director of the Global
Semiconductor Alliance (GSA). “We are
pleased to once again recognize Cavium, a member
since 2003, with their fourth award, and congratulate
the company for its continued achievements and
leadership within the industry.”
“We are honored to be selected among
the favorite stock picks by leading industry
analysts and win the Favorite Fabless Pick award
by Morgan Stanley,” said Syed Ali, President
and CEO at Cavium Networks. “This award
is a testament to the hard work and excellent
execution of all Cavium employees worldwide.”
About Cavium Networks
Cavium Networks is a leading provider of highly
integrated semiconductor products that enable
intelligent processing in networking, communications,
storage and security applications. Cavium Networks
offers a broad portfolio of integrated, software-compatible
processors ranging in performance from 10 Mbps
to 10 Gbps that enable secure, intelligent functionality
in enterprise, data-center, broadband/consumer
and access & service provider equipment.
Cavium Networks processors are supported by
ecosystem partners that provide operating systems,
tool support, reference designs and other services.
Cavium Networks principal offices are in Mountain
View, CA with design team locations in California,
Massachusetts and India. For more information,
please visit: http://www.caviumnetworks.com.
About GSA:
The Global Semiconductor Alliance (GSA) mission
is to accelerate the growth and increase the
return on invested capital of the global semiconductor
industry by fostering a more effective fabless
ecosystem through collaboration, integration
and innovation. It addresses the challenges
within the supply chain including IP, EDA/design,
wafer manufacturing, test and packaging to enable
industry-wide solutions. Providing a platform
for meaningful global collaboration, the Alliance
identifies and articulates market opportunities,
encourages and supports entrepreneurship, and
provides members with comprehensive and unique
market intelligence. Members include companies
throughout the supply chain representing 25
countries across the globe. www.gsaglobal.org
Cavium Networks Contact:
Angel Atondo
Marketing Manager
Cavium Networks
805 East Middlefield Road,
Mountain View, CA 94043
Telephone: 650-623-7033
Email: angel.atondo@caviumnetworks.com
