Cavium (CAVM -4.5%) slumps after disclosing COO Rajiv Khemani has resigned " to pursue...

|About: Cavium Networks, Inc. (CAVM)|By:, SA News Editor

Cavium (CAVM -4.5%) slumps after disclosing COO Rajiv Khemani has resigned " to pursue opportunities which are not competitive with the Company's business." Shares of the network processor vendor have been treading water for a while, as high multiples offset expectations of strong 2013 growth.