Super Micro’s shares jump after server maker says review finds no evidence of misconduct
Just over a month after Ernst & Young resigned as its public accounting firm, Super Micro Computer says a review committee has found no evidence of fraud or misconduct among the server maker’s leadership.
Super Micro Says Accounting Review Clears Management, Plans to Replace CFO
Super Micro Computer shares rose after the company said a final review showed no evidence of fraud or misconduct by its management or board relating to accounting issues that have dragged on the stock in recent weeks.
Super Micro to hire new CFO, says independent review finds no evidence of fraud
Super Micro Computer has begun the search for a new finance chief based on recommendations made by a special committee formed to look into the AI server maker's accounting practices, the company said on Monday.
Thinking of Buying Super Micro Computer Stock? 3 Things You Should Know
Super Micro Computer (SMCI -6.93%), the AI server maker, has taken investors on a wild ride over the last three months. The company's troubles began with a short-seller report fro
Stock in Super Micro Computer Jumps After It Ends Accounting Review
Shares in Super Micro Computer surged more than 20% after the company said a review of its accounting hadn't supported claims made by former auditor Ernst & Young, or raised major concerns about senior management.
Super Micro shares soar 31% after company names new auditor to help keep Nasdaq listing
Super Micro, which has been battered by bad headlines in recent weeks, said on Monday that it hired BDO as its independent auditor.
Super Micro’s stock soars as internal probe finds no evidence of fraud by management
Shares of Super Micro Computer Inc. shot up 18.4% in premarket trading Monday, after the server maker and artificial-intelligence play said it completed its investigation into accounting issues and found no evidence of fraud or misconduct by management.
Super Micro Review Finds No Evidence of Fraud; CFO Replaced
Super Micro Computer Inc. said an independent review of its business found no evidence of misconduct but recommended that the server maker appoint new top financial and legal leadership.
Super Micro Stock Soars 20%. Inquiry Shows No Evidence of Fraud by Management.
The server maker has been a part of the frenzy around artificial intelligence companies and has had big swings, moving up or down by 10% or more in 10 of November’s 19 trading days.
Super Micro Computer stock surges 23% after a probe clears management of misconduct
Shares of Super Micro Computer (SMCI) (SMCI) soared 23% on Monday morning following the announcement that an independent special committee had concluded its investigation into the company’s operations and found no evidence of misconduct by the company’s management or Board of Directors.
Super Micro jumps as internal review finds no misconduct; to replace CFO
Super Micro Computer (NASDAQ:SMCI) was up around 13% on Monday after an independent special committee found no evidence of misconduct by the board of directors or audit cozsxmmittee. No restatement of reported financials is expected based on the findings on the review.
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