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Super Micro CEO Addresses Financial Delay, Short Seller Statements, in New Letter

Super Micro Computer (NASDAQ:SMCI) Chief Executive Charles Liang wrote a letter to the company's customers and partners and said that neither the recent delay to its annual report nor the recent discl

Super Micro CEO Addresses Financial Delay, Short Seller Statements, in New Letter

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Our world class engineering and support teams are also unaffected and continue to build and deploy large scale AI Total Solutions.&#34;</p><p>Liang added that the company is &#34;well-positioned&#34; to deliver its product portfolio to its customers and help them meet their IT issues.</p><p>Shares were up 4% in Tuesday trading.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/248d126b916c255f833093dc7881a8d2\" tg-width=\"411\" tg-height=\"386\"/></p><p>In addition, Liang also said that Super Micro will have more to say about Hindenburg Research&#39;s accusations that he characterized as &#34;false or inaccurate.&#34;</p><p>&#34;Separately, you may have also heard about a recent report from a short-seller hedge fund that contains false or inaccurate statements about our company including misleading presentations of information that we have previously shared publicly,&#34; Liang said. &#34;We will address these statements in due course.&#34;</p><p>After the close of trading on Friday, Super Micro said that despite the delay to its annual report, it does not expect any material changes to its fiscal 2024.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Our world class engineering and support teams are also unaffected and continue to build and deploy large scale AI Total Solutions.\"Liang added that the company is \"well-positioned\" to deliver its product portfolio to its customers and help them meet their IT issues.Shares were up 4% in Tuesday trading.In addition, Liang also said that Super Micro will have more to say about Hindenburg Research's accusations that he characterized as \"false or inaccurate.\"\"Separately, you may have also heard about a recent report from a short-seller hedge fund that contains false or inaccurate statements about our company including misleading presentations of information that we have previously shared publicly,\" Liang said. \"We will address these statements in due course.\"After the close of trading on Friday, Super Micro said that despite the delay to its annual report, it does not expect any material changes to its fiscal 2024.","news_type":1},"isVote":1,"tweetType":1,"viewCount":37,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":35,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}