The technology developer Super Micro Computer – one of the big winners on the New York stock exchange recently – is now plummeting in trading. This follows reports that the company's auditing firm Ernst & Young is resigning from its assignment for the company.
The background is said to be that they do not want to be associated with the company's accounting, which is not considered reliable.
Super Micro Computer has been in trouble lately, after, among other things, the annual report was delayed, and on Wall Street, the stock is now plummeting by as much as 38 percent. On the other hand, the company, which supplies server components to chip developer Nvidia, has soared over 1,500 percent in the past five years.
