Reported about 1 month ago
Super Micro Computer Inc. has announced a delay in filing its annual financial report while a special board committee evaluates its internal controls. This confirmation follows a significant decline in the company's stock value after a critical report by Hindenburg Research raised concerns about accounting practices and undisclosed transactions. The firm, which has seen increased demand for its high-powered servers, asserts that it does not expect any material changes in its financial results despite the ongoing review.
Source: YAHOO