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Supermicro may be in hot water on the accounting front, but enterprise customers more likely to care about products
This comes along with the news last week that the company’s auditor, Ernst & Young, resigned, causing Supermicro’s stocks to plunge more than 30%. The accounting firm said it reported to Supermicro’s auditing committee in July “concerns about several matters relating to governance, transparency and completeness of communications.” EY only just signed on as Supermicro’s auditor earlier this year, but it claimed that it could “no longer” rely on management’s and its audit committee’s representations…
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