Reported 8 days ago
Super Micro Computer faces significant challenges following Ernst & Young's resignation as its auditor due to concerns over the company's management and integrity. With Deloitte's prior audit reports now under scrutiny, the server maker is at risk of defaulting on credit agreements and potentially facing a Nasdaq delisting. Super Micro's ability to recruit another reliable auditor is imperative as the company navigates investigations into past financial practices, raising uncertainty about its financial future.
Source: YAHOO