Cavium (CAVM +7.1%) spikes after announcing HTC will use the chipmaker's PureVu video processor...

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

Cavium (CAVM +7.1%) spikes after announcing HTC will use the chipmaker's PureVu video processor in its Media Link HD TV adapter. The news has compelled Morgan Stanley to declare Cavium a 60-day research tactical idea, arguing the design win - the first for PureVu with a mobile device OEM - will be a positive catalyst, and speculating similar announcements could arrive over the next several weeks.