Stories
Slash Boxes
Comments

SoylentNews is people

posted by martyb on Monday September 03 2018, @03:03PM   Printer-friendly [Skip to comment(s)]
from the now-it's-more-micro-than-super dept.

Though this happened earlier in the week, I just now found out about it. Given how well-known the company is, I thought other Soylentils would like to know about this, too.

Supermicro® Announces Suspension of Trading of Common Stock on Nasdaq and its Intention to Appeal:

Super Micro Computer, Inc. (NASDAQ:SMCI) [...] today announced that, as expected, the Company received a notification letter from The Nasdaq Stock Market Hearings Panel [...] on August 22, 2018, indicating that trading in the Company's common stock on Nasdaq's Global Select Market will be suspended effective at the open of business on August 23, 2018.

The Company previously announced on August 21, 2018 that it did not expect to regain compliance with the Nasdaq continued listing requirements by August 24, 2018, the deadline previously set by the Panel.

The Panel's letter also stated that the Panel has determined to delist the Company's shares from Nasdaq after applicable appeal periods have lapsed. The Company intends to appeal the Panel's decision to the Nasdaq Listing and Hearing Review Council. During the appeal period, trading in the Company's common stock on Nasdaq will remain suspended and Nasdaq will not delist the Company's common stock pending such appeal. Once the Company has regained compliance with its SEC filing requirements, the Company intends to promptly request that Nasdaq lift the suspension in trading of its common stock or, in the event the common stock is delisted, to promptly apply to relist its common stock on Nasdaq or another national securities exchange.

While the Company's common stock is suspended from trading on Nasdaq, the Company expects that its shares will be quoted on the OTC Markets under the trading symbol SMCI.

According to Wikipedia:

Super Micro Computer, Inc (commonly referred to as Supermicro) is an American information technology company based in San Jose, California. Supermicro's headquarters are located in Silicon Valley, with global operations expanding to a manufacturing space in the Netherlands and a Science and Technology Park in Taiwan.

Founded by Charles Liang, Wally Liaw and Sara Liu on 1 November 1993, Supermicro specializes in servers, storage, blades, rack solutions, networking devices, server management software and high-end workstations for data center, cloud computing, enterprise IT, big data, high performance computing (HPC), and embedded markets.

In 2016, the company deployed thousands of servers into a single data center and was ranked the 18th fastest growing company on Fortune Magazine's Top 100 list of the world's largest US publicly traded companies in 2016 and the fastest growing IT infrastructure company.

Also at Silicon Valley Business Journal, Yahoo! Finance & The Register.


Original Submission

Related Stories

Supermicro Says That an Audit Found No Evidence to Support Claims of Chinese Backdoors in Products 21 comments

Audit: No Chinese surveillance implants in Supermicro boards found

In a letter to customers issued December 11, Supermicro President and CEO Charles Liang and other top executives announced that an audit conducted by an outside investigating team had found no evidence of any malicious hardware incorporated into motherboards currently or previously manufactured by the company. The letter is the latest rebuttal to Bloomberg reports in October that claimed tiny chips that provided a backdoor for China's intelligence agencies had been integrated into boards provided to major Internet and cloud providers—a report also refuted by the companies the report claimed were targeted.

"After a thorough examination and a range of functional tests, the investigative firm found absolutely no evidence of malicious hardware on our motherboards," the letter signed by Liang, Supermicro Senior Vice President and Chief Compliance Officer David Weigland, and Senior VP and Chief Product Officer Raju Penumatcha stated.

Searching for site:soylentnews.org supermicro on Google brought up a Supermicro ad linking the CEO letter, with the link entitled "Supermicro Independent Testing | No Malicious Hardware‎". Do you believe them?

Previously: Chinese Spy Chips Allegedly Inserted Into Amazon, Apple, etc. Datacenters by Super Micro
Bloomberg Stands by Chinese Chip Story as Apple, Amazon Ratchet up Denials
Bloomberg Claims That a Major U.S. Telecom Operated a Server Backdoored by a Hidden Chip

Related: Apple Deleted Server Supplier After Finding Infected Firmware in Servers
Firmware Vulnerabilities in Supermicro Systems
Supermicro Announces Suspension of Trading of Common Stock on Nasdaq and its Intention to Appeal


Original Submission

Bloomberg Claims That a Major U.S. Telecom Operated a Server Backdoored by a Hidden Chip 20 comments

Major US telecom was infiltrated by backdoored Supermicro hardware, Bloomberg says

Five days after Bloomberg stunned the world with still-unconfirmed allegations that Chinese spies embedded data-sniffing chips in hardware used by Apple, Amazon, and dozens of other companies, the news organization is doubling down. Bloomberg is now reporting that a different factory-seeded manipulation from the previously described one was discovered in August inside the network of a major US telecommunications company.

Bloomberg didn't name the company, citing a non-disclosure agreement between the unnamed telecom and the security firm it hired to scan its data centers. AT&T, Sprint and T-Mobile all told Ars they weren't the telecom mentioned in the Bloomberg post. Verizon and CenturyLink also denied finding backdoored Supermicro hardware in their datacenters, Motherboard reported.

Tuesday's report cites documents, analysis, and other evidence provided by Yossi Appleboum, who is co-CEO of a hardware security firm called Sepio Systems. Bloomberg said that, while Sepio was scanning servers belonging to the unnamed telecom, the firm detected unusual communications from a server designed by Supermicro. Supermicro, according to last week's Bloomberg report, is the hardware manufacturer whose motherboards were modified in the factory to include a tiny microchip that caused attached servers to come under the control of a previously unreported division of China's People's Liberation Army. Supermicro told Bloomberg it had no knowledge of the implant, marking the second time the hardware maker has denied knowing anything about the reported manipulations.

[...] The criticism was still at full pitch on Tuesday morning when Bloomberg published its follow-up article. While it names a single source, some security experts quickly challenged the credibility of the report. "Sure this story has one named source but it technically makes even less sense than the first one," Cris Thomas, a security expert who tweets under the handle SpaceRogue, wrote. "Come on @Bloomberg get somebody who knows what they're talking about to write these stories. Calling BS on this one as well."

Previously: Chinese Spy Chips Allegedly Inserted Into Amazon, Apple, etc. Datacenters by Super Micro
Bloomberg Stands by Chinese Chip Story as Apple, Amazon Ratchet up Denials

Related: Firmware Vulnerabilities in Supermicro Systems
Supermicro Announces Suspension of Trading of Common Stock on Nasdaq and its Intention to Appeal


Original Submission

This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
(1)
  • (Score: -1, Flamebait) by Anonymous Coward on Monday September 03 2018, @03:23PM

    by Anonymous Coward on Monday September 03 2018, @03:23PM (#729867)

    Clean coal is the future. MAGA.

  • (Score: 0) by Anonymous Coward on Monday September 03 2018, @03:44PM (14 children)

    by Anonymous Coward on Monday September 03 2018, @03:44PM (#729873)

    I've owned Supermicro® rack servers, have any other users had experience with Supermicro® hardware and what were your experiences with Supermicro® hardware like?

    • (Score: 3, Interesting) by Runaway1956 on Monday September 03 2018, @03:51PM (6 children)

      by Runaway1956 (2926) Subscriber Badge on Monday September 03 2018, @03:51PM (#729876) Homepage Journal

      $ inxi -M
      Machine: Type: Desktop Mobo: Supermicro model: H8DM8-2 v: 1234567890 serial:
                            BIOS: American Megatrends v: 080014 date: 10/22/2009

      I love my extended (EATI) board. Some might argue that it's not a true server, but it's a heckuva lot more than a mere desktop or workstation. Since my first encounter with a 486 server tower, I've preferred "professional" hardware.

      Bad news for Supermicro is not what I want to hear!!

      --
      Our first six presidents were educated men. Then, along came a Democrat.
      • (Score: 2) by Runaway1956 on Monday September 03 2018, @03:55PM (1 child)

        by Runaway1956 (2926) Subscriber Badge on Monday September 03 2018, @03:55PM (#729877) Homepage Journal

        EATI? WTF??? EATX is what I thought I typed. Extended ATX mainboard. Sorry for typo.

        --
        Our first six presidents were educated men. Then, along came a Democrat.
        • (Score: 2, Funny) by Anonymous Coward on Monday September 03 2018, @04:49PM

          by Anonymous Coward on Monday September 03 2018, @04:49PM (#729901)

          Go home grandpa fst fingers, you have betrayed us for the last time!!!!

      • (Score: 0) by Anonymous Coward on Monday September 03 2018, @04:01PM

        by Anonymous Coward on Monday September 03 2018, @04:01PM (#729884)

        Yeah, I was taking the piss out of the registration symbol in the link, I wasn't faulting the hardware. Had a rack full of lowend Supermicro dual Pentium III-S (tualatin) [wikipedia.org] boxes back in the day. IIRC, just 1 SCSI drive failure in 4 years.

      • (Score: 2) by opinionated_science on Monday September 03 2018, @06:47PM (2 children)

        by opinionated_science (4031) on Monday September 03 2018, @06:47PM (#729933)

        Machine: Type: Server System: Supermicro product: H8DG6/H8DGi v: 1234567890 serial: 1234567890
                              Mobo: Supermicro model: H8DG6/H8DGi v: 1.0 serial: BIOS: American Megatrends
                              v: 3.5-OCNG5. date: 12/22/2015

        My molecular munching monster ;-)

        • (Score: 2) by Runaway1956 on Monday September 03 2018, @08:27PM (1 child)

          by Runaway1956 (2926) Subscriber Badge on Monday September 03 2018, @08:27PM (#729953) Homepage Journal

          I have my eye on that board. All that I have for PCI-E is one 8x slot, and one 4x slot. Your board has 3 16x slots, in addition to my slots. And, if you have populated those 16x slots with CUDA processors, then, yes, you have some major number crunching capability. Forget about the CPU's. A single GTX780-TI can run circles around both of my CPU's. A 1080 will pass a 780 like it's standing still. I still love my Opterons though.

          --
          Our first six presidents were educated men. Then, along came a Democrat.
          • (Score: 2) by opinionated_science on Tuesday September 04 2018, @02:54AM

            by opinionated_science (4031) on Tuesday September 04 2018, @02:54AM (#730094)

            yeah, I have 2x6376 overclocked to 3Ghz, and 256G of memory. I'm not going to upgrade until I can get 1T of mem and 128 threads.

            One condition has been met.

            I just wish AMD would make AVX512 - the densest calculations are still important.

    • (Score: 3, Interesting) by crafoo on Monday September 03 2018, @03:58PM (1 child)

      by crafoo (6639) on Monday September 03 2018, @03:58PM (#729880)

      running pfsense (and a bunch of addons) on one of their 2U atom systems, like a half-length case. 4 years or so continuous. can't remember which model it is.

      • (Score: 0) by Anonymous Coward on Monday September 03 2018, @04:06PM

        by Anonymous Coward on Monday September 03 2018, @04:06PM (#729886)

        One of these? [newegg.com]

    • (Score: 4, Interesting) by VLM on Monday September 03 2018, @05:10PM (1 child)

      by VLM (445) Subscriber Badge on Monday September 03 2018, @05:10PM (#729908)

      I have several of SYS-E200-8D servers and they kick ass, IPMI is awesome, dual 10G ethernet (in addition to the dual 1G) is nothing to complain about. VMWare 'home lab' with ESXi Experience licensing which relates in a purely educational manner to revenue generating consulting, although I actually do follow the license and don't run commercial workloads on it. Its huge fun.

      Two issues:

      1) Some of the 'cool kid' IPMI optional features are licensed individually and expensively, like WTF? Nothing really important or useful of course, but you gotta be Fing kidding me I spent like $5K and you want to nickel and dime me for obscure features?

      2) Out of the box vmware 6.5 (or was it 6.0?) couldn't talk to the 10g ethernets so you were "stuck" on the 1G ethernets until you installed the vmware driver. Probably 99% of cards out there "just work" with ESXi kinda like the linux experience so this was mildly annoying. AFAIK with ESXi 6.7 the 10G just work out of the box.

      This is pretty nit picky; its great having hardware where all I can do is nitpick.

      The problem with SuperMicro, as near as I can tell, is their former CEO wrote SEC reports using a lot of creative writing; The reality of their sales growth is excellent but he put a nice layer of frosting on top of already good news. Then he got busted and fired and somehow they're still internally messed up such that they somehow have not filed their reports in a year or so, which is bizarre. AFAIK they are having no problems with engineering or sales, its exclusively accounting department corruption.

      Their hardware really does kick ass on a reliable basis. NICE gear. If the accounting scandal sinks them I'll buy a shit-ton of their equipment in the close out sale because its really good stuff.

      • (Score: 0) by Anonymous Coward on Tuesday September 04 2018, @05:16PM

        by Anonymous Coward on Tuesday September 04 2018, @05:16PM (#730345)

        thanks for the "real" info.
        after doing server on liberated desktop mobos, i found supermicro.
        they have "server" server-stuff but also server-stuff for the basement dweller, which all the other "server" vendors do not.

        2x "A1SAi-2750F" here.
        link: https://www.supermicro.com/products/motherboard/atom/X10/A1SAi-2750F.cfm [supermicro.com]

        so far so good ...

    • (Score: 2) by DBCubix on Monday September 03 2018, @08:28PM

      by DBCubix (553) Subscriber Badge on Monday September 03 2018, @08:28PM (#729954)

      I bought a SuperMicro EATX board to use as a server and quickly found out that SuperMicro EATX differs greatly from industry standard EATX form factor. I guess they use this as a way to drive sales for cases. Seeing that they are out of compliance with industry form factors, this doesn't surprise me that they are out of compliance in other areas as well.

    • (Score: 2) by sjames on Monday September 03 2018, @09:12PM

      by sjames (2882) on Monday September 03 2018, @09:12PM (#729970) Journal

      I've always had good experiences with Supermicro 1U and 2U rackmounts. They run well and tend to be retired for obsolescence rather than failure.

    • (Score: 2) by Reziac on Tuesday September 04 2018, @12:54PM

      by Reziac (2489) on Tuesday September 04 2018, @12:54PM (#730209) Homepage

      Back in the Olden Times I bought a Supermicro motherboard. Socket 7, P233, became the base for my Win95 box. In service 24/7 from 1997 through 2012 and was 100% well-behaved, with superior performance for its era. Did not contain live bobcat. Would buy again.

  • (Score: 1, Interesting) by Anonymous Coward on Monday September 03 2018, @03:55PM (5 children)

    by Anonymous Coward on Monday September 03 2018, @03:55PM (#729878)

    By the time it gets released, it's been almost two weeks.
    So why are they out of compliance with Nasdaq?

    • (Score: 4, Informative) by choose another one on Monday September 03 2018, @04:39PM (4 children)

      by choose another one (515) Subscriber Badge on Monday September 03 2018, @04:39PM (#729898)

      > So why are they out of compliance with Nasdaq?

      according to TheRegister link it's because they have only released abbreviated results which is less than required, apparently because they are still investigating previous results to find out how big the black holes are.

      OTOH it seems a little harsh since it seems you can release duff results (knowingly?) and then restate them later without being delisted, but if you are honest and any results would be misleading until we complete the investigation. you get punished for it.

      • (Score: 0) by Anonymous Coward on Monday September 03 2018, @05:17PM

        by Anonymous Coward on Monday September 03 2018, @05:17PM (#729910)

        So why are they out of compliance with Nasdaq?

        Because they are very bad at accounting (the language of business, and you must be fluent in accounting to avoid the wrath of the SEC). They have to restate earnings from fiscal 2017 until their last quarterly reports. Seems that they booked revenue to incorrect accounting periods and their audit did not get done in time.

      • (Score: 4, Informative) by VLM on Monday September 03 2018, @05:18PM (1 child)

        by VLM (445) Subscriber Badge on Monday September 03 2018, @05:18PM (#729911)

        it seems a little harsh

        They claimed to be a very high growth rate company about to break out of the "other" category and compete with the "Dell"s of the world, etc. So its kinda a game of chicken, hey NASDAQ you wouldn't delist me and totally F over the stock price, wouldya, so just gimmie a little more time? Well, NASDAQ called their bluff on that one, didn't they...

        My guess is when the paperwork clears (perhaps in shareholder lawsuit court) the truth will be they were merely a medium-high growth rate company, so they were hoping for "normal" 30% sales growth over a year or two to catch up with the faked stats claiming they were growing at 5000% rates or WTF it is exactly., but that's just a semi-educated opinion. They could, of course, just be incompetent in the usual trivial ways and got steamrolled. From memory, using the fake data, before the CFO got fired, they were claiming stuff like being one of the fastest growing companies in the world, whereas in reality they merely seem to be doing well.

        • (Score: 1) by khallow on Tuesday September 04 2018, @01:41AM

          by khallow (3766) Subscriber Badge on Tuesday September 04 2018, @01:41AM (#730066) Journal

          the truth will be they were merely a medium-high growth rate company

          My bet is that we'll find they weren't even that. If things are so bad that they can't fix the accounting in a few weeks, my take is that it means the company was hiding a lot of sins. And these sins usually are money sinks.

      • (Score: 2) by All Your Lawn Are Belong To Us on Tuesday September 04 2018, @07:24PM

        by All Your Lawn Are Belong To Us (6553) on Tuesday September 04 2018, @07:24PM (#730415) Journal

        IIRC, IANAL, and I could be wrong, but I'm pretty sure that releasing all statements, even with a disclosure that major restatements will be occurring, is preferable to not releasing complete financials. The former fully informs the investment community and cautions it, the latter is trying to get away with something.

        --
        Keep everyone ignorant of the magical world! KEEP AMERICA OBLIVIATE!
  • (Score: 0) by Anonymous Coward on Tuesday September 04 2018, @05:16AM

    by Anonymous Coward on Tuesday September 04 2018, @05:16AM (#730107)

    The summary would be more useful if it told us WHY SuperMicro was being de-listed from the Nasdaq exchange.... ??

(1)