8 ms·
Folks reading this: Please tread with caution, don't take stock advice from HN. Especially for OTC stock. While the story may be false, it's very likely they ma
by united893 8y ago
Folks reading this: Please tread with caution, don't take stock advice from HN. Especially for OTC stock. While the story may be false, it's very likely they may never recover.
- Their product is fungible, folks on the front line buying motherboards may just chose to avoid SuperMicro to avoid awkward conversations with their boss.
- They were having financial issues before, had some shady accounting and got delisted from Nasdaq. They're now traded over the counter.
- Last quarter their net earnings were $17M; that'll most likely be wiped and they'll go in the red.
- They've got $120M in the bank and $700M in quarterly operating expenses.
- The market can stay irrational longer than you can stay liquid.
Many companies are now likely auditing their systems for mystery chips. Many companies have learned of the hacked firmware distributed to Apple. Many in-progress orders may have been halted.
This may be fatal to them.
- subcosmos 8y agoBoy, if the story is false, that would be a hell of a short sale o.0 Hard to handle such circumstances in the natsec space when specific information is, by it's very nature, unverifiable.
- whatshisface 8y agoIf the hacked chips are found it may turn out to be very verifiable.