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.
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.
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."
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