SuperMicro Computer Accused of Massive Fraud

In this video we look at recent allegations made by the famous short-selling firm Hindenburg Research against the server maker SuperMicro Computer.



#Wallstreetmillennial

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Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0
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0:00 - 1:51 Intro
1:52 - 6:13 Company History
6:14 - 7:35 AI Beneficiary
7:36 - 12:40 Hindenburg Allegations
12:41 Analysis

[ohyeahwhat]

I worked for a company that built payment processing gear in the 80's . They shipped finished ( unsold ) machines to a 3rd party and booked the revenue to make their quarterly gains. I guess in the 80's, companies could get away with this. Or they just were never caught.

[summer-west]

They used to make a lot of BIOS chips for PCs. I wouldn’t trust them beyond that

[nufosmatic]

1:28 - THE PATENTED JIM KRAMER KISS OF DEATH!

[NANA]

Hindenburg research seem like a bunch of bottomfeeders

[Jeez]

When billionaire (Icahn) commits billion dollar fraud they get 500k fine and pat on the back. Even someone steals few hundred dollars worth of item they get 7 years in prison 😂

[mx]

Supermicro does design and manufacture its own components, mostly motherboards, network interface cards, and more, which they also sell standalone to other system integrators.

[mrtodddelaroderie]

No way! Wasn't this company's stock up to 1k earlier now it's near 400. Hmm, it's like the insiders pumped and dumped.

[andreyserov]

Supermicro is far not limited by AI solutions. My personal experience (my job is related to automotive industry) is that in the last several years perceptually 90% of IT solutions in automotive industry comes on Supermicro hardware. Whereas HP and Dell disappeared from this field.

[matthew.m.stevick]

When I heard Super Micro delayed their 10k (when news broke) I thought when there is smoke … may be a fire 🔥. I don’t think I’ve heard of a delayed 10k from such a large company.

[davidc]

3:44 An accounting firm that would NOT sign-off on financial statements due to financial irregularities? Wow, you don't hear about that very often.

[skyak]

There is just too much potential for fraud. I am not making a judgement of actual guilt, but there is no such thing as a high quality company with low quality accounting and governance.

[GuadalupeMartinezb]

I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

[BladeMasterz]

Im so old. I use to pickup parts at Super Micro back in 94 to build PCs

[andreyserov]

Feels like Hindenberg finally made a poopoo. Unless it's an elaborated plan to actually pump the shares:)
Because if that's all one can possibly dig out on them, the company looks exceptionally strong.

[JoeRogansGutBiome]

No one goes to prison for fraud or wire fraud in the corporate world. They just pay a fine, and get out of jail.

[codycast]

5:00 I worked for a company that did this and it absolutely drove me insane. I was in sales and I didn’t care if it fell on the last day of 1/4 or the first day of the next. A sale is a sale. They’re so concerned about draggingan order in early but who cares? All are doing is then stealing from the next quarter so you’re gonna have to pull a bunch of shenanigans to make that quarters numbers. If they would just allow the orders to happen when they happen then the total number of orders in the given year would still be the same so it’s all just a big waste of time.

[meatbyproducts]

Hindenburg loves to fan the flames of any little ember And try to bring down companies because that's how they make their money. I think everyone needs to stop giving Hindenburg attention.

[YouCanHasAccount]

Accounting shenanigans aside, the products they sell are still highly customizable, leading edge and good value for money compared to the competitors.

[jbinmd]

These aren't uncommon accounting gimmicks but should be punished.

[tonycrabtree]

You just described why Sarbanes-Oxley came into existence.