Super Micro Computer Stock Plunges on Report of Federal Accounting Probe

Key Takeaways Super Micro Computer, or Supermicro, reportedly is under investigation by federal officials over questions about its accounting. The Wall Street Journal said the probe followed a scathing report in August from short seller Hindenberg Research that claimed improprieties at the computer server manufacturer. A former employee filed a whistleblower lawsuit against Supermicro earlier this year, pointing to accounting irregularities. Shares of Super Micro Computer (SMCI), or Supermicro, dropped 15% ...