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posted by martyb on Monday September 03 2018, @03:03PM   Printer-friendly
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.

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

    by VLM (445) 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.

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  • (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: []

    so far so good ...