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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.
(Score: -1, Flamebait) by Anonymous Coward on Monday September 03 2018, @03:23PM
Clean coal is the future. MAGA.
(Score: 0) by Anonymous Coward on Monday September 03 2018, @03:44PM (14 children)
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)
$ 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!!
(Score: 2) by Runaway1956 on Monday September 03 2018, @03:55PM (1 child)
EATI? WTF??? EATX is what I thought I typed. Extended ATX mainboard. Sorry for typo.
(Score: 2, Funny) by Anonymous Coward on Monday September 03 2018, @04:49PM
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
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)
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)
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.
(Score: 2) by opinionated_science on Tuesday September 04 2018, @02:54AM
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)
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
One of these? [newegg.com]
(Score: 4, Interesting) by VLM on Monday September 03 2018, @05:10PM (1 child)
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
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
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
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
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.
And there is no Alkibiades to come back and save us from ourselves.
(Score: 1, Interesting) by Anonymous Coward on Monday September 03 2018, @03:55PM (5 children)
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)
> 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
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)
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
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
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.
This sig for rent.
(Score: 0) by Anonymous Coward on Tuesday September 04 2018, @05:16AM
The summary would be more useful if it told us WHY SuperMicro was being de-listed from the Nasdaq exchange.... ??