Northland says Supermicro auditor a ‘decent first step’ to restoring confidence

After Supermicro (SMCI) announced the appointment of BDO USA to be its independent auditor, effective immediately, Northland called the news “a decent first step to restoring investor confidence.” The full report from the board’s Special Committee is still forthcoming, however, and actions taken from that report will be “the biggest key to fully restoring investor confidence,” argues the analyst, whose rating and estimates remain suspended until the firm gets clarity on corporate governance remediation.