News Supermicro's stock plummets 35% in one day as accounting firm resigns — storm brews after DOJ probe into manipulated finances

[Admin]

Supermicro's stock tanked 35% today after its accounting firm resigned, citing unreliable management and an inability to comply with company expectations and the law.

Supermicro's stock plummets 35% in one day as accounting firm resigns — storm brews after DOJ probe into manipulated finances : Read more

 

[bit_user]

Wow. I almost bought one of their workstation boards, but I'm glad I went with ASUS, instead. It was the better board, anyway, and cost about the same. Plus, their memory QVL consisted only of their own-branded DIMMs.

I had a fondness for them, since my last workstation board was made by them and it served me well. But, that was a long time ago and I've now decided I want nothing more to do with them.

 

[das_stig]

When the 2nd lowest life form on the planet (lawyers being the 1st) accountants abandon ship, your sinking and sharks are circling, your best start updating your CV and looking at the employment market.

 

[bill001g]

This all depends on what the accountant are concerned about.
If it is related to them hiding the money they are making selling to countries on the export ban list that is a bit different than your more generic misrepresentation of finances.

This is the type of thing the managers and accountant can get put in jail for a long time rather than just the company( ie the stockholders) pay fines.

 

[newtechldtech]

anyone remembers Tyan ? Their sever motherboards were better than supermicro in old times.

 

[bit_user]

anyone remembers Tyan ? Their sever motherboards were better than supermicro in old times.

Oh yeah. I found this page and it seems they haven't added any new models, in a while:

https://www.tyan.com/EN/product_matrix/motherboards/
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