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Their hit piece on SuperMicro is a prime example. With zero hard evidence, they posted a multi-page hit-piece on them permanently damaging their brand developed
by anilshanbhag 8y ago
Their hit piece on SuperMicro is a prime example. With zero hard evidence, they posted a multi-page hit-piece on them permanently damaging their brand developed over past 25 years. The stock is down 45%, added some more salt to US-China tension and the authors are happy with their paycheck.
Libel laws need to be improved to hold shoddy reporters accountable for their work.
- whoopdedo 8y agoSuperMicro is also embroiled in an accounting scandal that arguably is more important to investors.
- tfehring 8y agoDid any new information about its accounting irregularities come to light on Wednesday or Thursday? If not, why would they have driven the stock price decrease on those days?
- housingpost 8y agoSupermicro was delisted from Nasdaq a month and a half before the article for shady reasons. They did a pretty good job damaging their brand all on their own. I'm sure they don't want to file a lawsuit where discovery shows what's really happening inside the company.
- anilshanbhag 8y agoAccounting issues are internal issues and can be sorted out - they do not affect a customer who is paying money to buy a server. If however someone spreads a rumour saying your server does surveillance for China - people will just go to another vendor to avoid the fallout.
- deleted 8y ago[deleted]