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Semiconductor provider Cavium Networks raises price range

May 1, 2007

Cavium Networks, a fabless designer of highly-integrated processors that enable intelligent networking, amended the terms of its IPO Tuesday. The company will offer its 6.25 million shares at an anticipated price range of $12.00 to $13.00, 14% higher than the midpoint of the $10.00-$12.00 range originally announced. Morgan Stanley and Lehman Brothers are the bookrunners on the deal.