$SUPER MICRO COMPUTER INC(SMCI

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RookieTakingLossDaily
2024-08-28

I'll be damned. It's almost too coincidental considering the articles that are published. One moment it was accounting problem, next moment it couldn't file the 10-K on time? Feels like someone leaked SMCI's news ahead of time for them to pull this fear-selling tactic off.

Super Micro Computer to Delay Annual Filing

Aug 28 - Super Micro Computer said on Wednesday it would delay the filing of its annual report for the fiscal year ended June 30, sending the AI server maker's shares down 24.2% in morning trading."Additional time is needed for SMCI's management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting," the company said.Super Micro added it has not made any updates to its results for the fiscal year and quarter ended June 30 that wer

Super Micro Computer to Delay Annual Filing

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Feels&nbsp;like someone leaked SMCI's news ahead of time for them to pull this fear-selling tactic off.</p></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/SMCI\">$SUPER MICRO COMPUTER INC(SMCI)$</a>&nbsp;</p>\n<p>I'll be damned. It's almost too coincidental considering the articles that are published. One moment it was accounting problem, next moment it couldn't file the 10-K on time? Feels&nbsp;like someone leaked SMCI's news ahead of time for them to pull this fear-selling tactic off.</p></body></html>","text":"$SUPER MICRO COMPUTER INC(SMCI)$ I'll be damned. It's almost too coincidental considering the articles that are published. One moment it was accounting problem, next moment it couldn't file the 10-K on time? Feels like someone leaked SMCI's news ahead of time for them to pull this fear-selling tactic off.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/343335111471416","repostId":1188382618,"repostType":2,"repost":{"id":"1188382618","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1724853900,"share":"https://www.laohu8.com/m/news/1188382618?lang=&edition=full","pubTime":"2024-08-28 22:05","market":"us","language":"en","title":"Super Micro Computer to Delay Annual Filing","url":"https://stock-news.laohu8.com/highlight/detail?id=1188382618","media":"Reuters","summary":"Aug 28  - Super Micro Computer said on Wednesday it would delay the filing of its annual report for the fiscal year ended June 30, sending the AI server maker's shares down 24.2% in morning trading.\"Additional time is needed for SMCI's management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting,\" the company said.Super Micro added it has not made any updates to its results for the fiscal year and quarter ended June 30 that wer","content":"<html><head></head><body><p>Aug 28 (Reuters) - Super Micro Computer on Wednesday delayed the filing of its annual report and said it needed more time to assess the &#34;effectiveness of internal controls&#34; over its financial reporting, sending shares in the AI server maker down 24.2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/51f575da7bd725d26a262d1371a269e1\" title=\"\" tg-width=\"872\" tg-height=\"623\"/></p><p>The move comes a day after Hindenburg Research disclosed a short position in Super Micro and alleged &#34;accounting manipulation&#34; at the company, whose shares have nearly doubled in value this year on the back of the AI boom.</p><p>It was not immediately clear if the two were related. Super Micro declined to comment beyond its statement on Wednesday when asked about Hindenburg&#39;s allegations.</p><p>Super Micro said it had not made any updates to its results for the fiscal year and quarter ended June 30 that were announced earlier this month.</p><p>The company had then posted a decline in quarterly margins due to increasing costs of server production and competitive pricing from rivals including Dell.</p><p>Super Micro has emerged as one of the biggest winners of the generative AI boom as businesses bet on the technology needed to power applications such as ChatGPT, helping its stock more than triple last year.</p><p>Hindenburg did not immediately respond to a request for comment on the delay.</p><p>The short seller had on Tuesday pointed to evidence of undisclosed related party transactions, failure to abide by export controls, among other issues. Hindenburg said it had conducted a three-month investigation that included interviews with former senior employees and litigation records.</p><p>The report made Super Micro the latest target of the short seller that has tussled with billionaire-investor Carl Icahn and India&#39;s Gautam Adani.</p><p>Super Micro was charged by the U.S. securities regulator in 2020 of prematurely recognizing revenue and understating expenses. While the company did not admit or deny the SEC&#39;s charges, it had agreed to pay a $17.5 million penalty.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Super Micro Computer to Delay Annual Filing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuper Micro Computer to Delay Annual Filing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-08-28 22:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Aug 28 (Reuters) - Super Micro Computer on Wednesday delayed the filing of its annual report and said it needed more time to assess the &#34;effectiveness of internal controls&#34; over its financial reporting, sending shares in the AI server maker down 24.2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/51f575da7bd725d26a262d1371a269e1\" title=\"\" tg-width=\"872\" tg-height=\"623\"/></p><p>The move comes a day after Hindenburg Research disclosed a short position in Super Micro and alleged &#34;accounting manipulation&#34; at the company, whose shares have nearly doubled in value this year on the back of the AI boom.</p><p>It was not immediately clear if the two were related. Super Micro declined to comment beyond its statement on Wednesday when asked about Hindenburg&#39;s allegations.</p><p>Super Micro said it had not made any updates to its results for the fiscal year and quarter ended June 30 that were announced earlier this month.</p><p>The company had then posted a decline in quarterly margins due to increasing costs of server production and competitive pricing from rivals including Dell.</p><p>Super Micro has emerged as one of the biggest winners of the generative AI boom as businesses bet on the technology needed to power applications such as ChatGPT, helping its stock more than triple last year.</p><p>Hindenburg did not immediately respond to a request for comment on the delay.</p><p>The short seller had on Tuesday pointed to evidence of undisclosed related party transactions, failure to abide by export controls, among other issues. Hindenburg said it had conducted a three-month investigation that included interviews with former senior employees and litigation records.</p><p>The report made Super Micro the latest target of the short seller that has tussled with billionaire-investor Carl Icahn and India&#39;s Gautam Adani.</p><p>Super Micro was charged by the U.S. securities regulator in 2020 of prematurely recognizing revenue and understating expenses. While the company did not admit or deny the SEC&#39;s charges, it had agreed to pay a $17.5 million penalty.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SMCI":"超微电脑"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188382618","content_text":"Aug 28 (Reuters) - Super Micro Computer on Wednesday delayed the filing of its annual report and said it needed more time to assess the \"effectiveness of internal controls\" over its financial reporting, sending shares in the AI server maker down 24.2%.The move comes a day after Hindenburg Research disclosed a short position in Super Micro and alleged \"accounting manipulation\" at the company, whose shares have nearly doubled in value this year on the back of the AI boom.It was not immediately clear if the two were related. Super Micro declined to comment beyond its statement on Wednesday when asked about Hindenburg's allegations.Super Micro said it had not made any updates to its results for the fiscal year and quarter ended June 30 that were announced earlier this month.The company had then posted a decline in quarterly margins due to increasing costs of server production and competitive pricing from rivals including Dell.Super Micro has emerged as one of the biggest winners of the generative AI boom as businesses bet on the technology needed to power applications such as ChatGPT, helping its stock more than triple last year.Hindenburg did not immediately respond to a request for comment on the delay.The short seller had on Tuesday pointed to evidence of undisclosed related party transactions, failure to abide by export controls, among other issues. Hindenburg said it had conducted a three-month investigation that included interviews with former senior employees and litigation records.The report made Super Micro the latest target of the short seller that has tussled with billionaire-investor Carl Icahn and India's Gautam Adani.Super Micro was charged by the U.S. securities regulator in 2020 of prematurely recognizing revenue and understating expenses. 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