Patrick reports: a source “has evaluated one of the Supermicro boards and found “problems” with the boards. They found “extra unlabeled components on sensitive busses” — that's the wording I've been permitted to use.”https://twitter.com/riskybusiness/status/1048054466069454848 …
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Tavis Axelrod
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I fired off a tweet yesterday saying I’m long on Supermicro... then someone pointed out I’m a journalist and I shouldn’t make jokes like that because people will think I have inside info, so I nuked it. I don’t even have a share account. If I did though...pic.twitter.com/nZLH2r1gdN
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I'm buying their stock too. Let me know what investor relations says.
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Me too.
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Heh; I opened a very modest position yesterday (just $500, more out of jest) and I've been pondering opening a more "real" position and will probably do so sometime later today. I was waiting to see if anything substantial turned up today.
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Hope you're not looking for a quick return, such legal actions notoriously difficult and take years to work through courts. Absent retraction, difficult to see a near-term positive catalyst. There's also the accounting issues overhanging..
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But it’s Saturday
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Will you have to keep the answer confidential?
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Public companies cannot disclose material information to select investors. If they were to launch legal action they would likely publish statement.
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