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The Atlanta Hawks are looking to snap out of their funk as they host the Dallas Mavericks at State Farm Arena on Monday night. Tip-off is set for 7:30 p.m. ET on NBA TV and streaming on fuboTV. How to Watch Dallas Mavericks vs. Atlanta Hawks: Dallas enters this matchup fresh off a 123-118 loss to the Miami Heat on Sunday, which snapped their four-game winning streak. Kyrie Irving did his part, dropping 27 points in the loss, but the Mavericks couldn't close the gap late. With Luka Doncic and Kyrie leading the charge, Dallas will aim to rekindle the magic of their recent win streak and start this road trip on a high note. Meanwhile, the Hawks have had a bumpy ride lately, losing three of their last four games, including a 136-122 defeat to the Chicago Bulls on Friday. Despite Trae Young's 25-point, 13-assist performance, Atlanta couldn't get the stops they needed to secure a win. Playing at home might give them a much-needed boost, but they'll need a sharper defensive effort to avoid letting the Mavericks' potent offense run wild. WATCH: Mavericks vs. Heat live on fuboTV for free If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
SINGAPORE: Meeting Afif Yusli for the first time, it's not immediately obvious that he's sick, let alone battling a terminal disease. The lean 27-year-old moves around nimbly, with no obvious signs of pain or discomfort. And unlike what some might expect of a cancer patient, he has a full head of hair and is unencumbered by medical devices. Initially soft-spoken and reserved, he warmed up after a while, revealing a boyish charm and a penchant for wry dashes of humour. But as the conversation started to flow, it became noticeable how he would often stop mid-sentence and struggle to find the right expression. “What is that word again? That thing they put you on when they take you out of the ambulance?” “These days, I’m feeling quite ... what’s that word? Not 'happy', it’s more 'okay-ish'.” The film student was diagnosed with glioblastoma in April. It is a grade four brain tumour - the most aggressive and serious type - and has a poor prognosis. According to the Glioblastoma Research Organisation, the average length of survival for patients is estimated to be 12 to 18 months after diagnosis. Mr Afif's doctor gave him 18 to 24 months. For someone looking death in the face, Mr Afif seemed remarkably accepting of his situation. In interviews, he spoke steadily, with emotion showing only when he spoke of his late grandmother and of leaving behind his aging parents. “Sometimes, in the middle of the night, when it's quiet, it does come to me that I’m going to die,” he admitted. “It’s super annoying and I wish I could stop that way of thinking, but I cannot and I feel sad about dying." He smiled, dolefully, and shrugged. “The scariest part is how fast and random this disease is ... I don’t know when I’m going to have another seizure. It’s like a waiting game. “I could just drop dead like that and I’m gone. It’s scary.” "IT JUST FELT SO HEAVY" Apart from difficulty finding words and occasional seizures, Mr Afif also suffers from vision problems, among other symptoms. And some of these indications appeared as early as seven years ago, while he was doing National Service. “I would get head pains and started to experience forgetfulness about a lot of things,” he said. “It felt like someone was stabbing me in the head with a knife, and my room was always dark because I couldn’t even bear to see any light. His symptoms worsened to a near-unbearable point, right before he started on a diploma at the Nanyang Academy of Fine Arts (NAFA) in 2021. Yet Mr Afif still dismissed them as part of a fever or the result of stress. It was only after suffering his first seizure in December 2023 – around four to five years after his headaches started occurring – that he decided to seek medical attention. A magnetic resonance imaging (MRI) scan revealed a growth inside his brain. He went through surgery to remove the tumour but when he woke up, he had lost the ability to speak and walk. A few days later, he underwent another operation to remove a blood clot in his brain, which was suspected to have caused the speech impediment. With the help of a speech therapist as well as regular physiotherapy, Mr Afif slowly regained his abilities. But there was bad news: Tests results confirmed he had glioblastoma. “I couldn’t believe it because I was very active and fit at that point and when I read up about glioblastoma, it seemed like it was mostly old people who would get it,” he said. Worse was to come when his doctor estimated that he had about 18 to 24 months to live. “I didn't know how to react so I just said ‘damn’,” said Mr Afif. “I didn’t even look up to see the doctor or my dad, because he was probably crying ... It just felt so heavy.” It was a trying period: His father had to go for a bypass surgery around the same time – and his grandmother, whom he was very close to, died shortly after. Here, he wore a look of grief and had to pause to collect himself. "She knew that I was sick and she was really sad," he said quietly. "But she didn't really show it, she would just ask me if I was okay and how was I doing. "I think she just didn't want to pile on to my fear and feelings." "After she died, there was a day that I cried a lot over her, and that was the first time I got a seizure and the doctors told me it could be because of a build-up of emotions and sadness," said Mr Afif. "Whenever I'm sad or depressed, I can feel my body starting to tense up, so I try not to cry. But sometimes, the pain of losing her still hits me at night.” "So I just try to control how much I think about her so that I don't get too overwhelmed. It's hard ... but if I let myself get too sad, I might get another seizure." LETTING "ALL THE BAD FEELINGS GO" The first two months following his diagnosis were the hardest, and darkest. Mr Afif fell into depression and lost any hope he might have had of defeating the cancer. “At first, I was counting down the days I had left,” he said. “(I) would keep thinking about my cancer and about dying ... I would get scared because thinking about death can be very traumatising." He also picked up smoking again. "Because I thought ‘I’m going to die already anyway’,” said Mr Afif. The continued support of family and friends, along with a renewed embrace of religion, pulled him out of the depths. “I became more pious, started praying more and just tried to live a normal life even though I don't even know what's normal anymore,” he said. “Having the support and good vibes from family and friends was like having a light at the end of the tunnel, so I started accepting my diagnosis and just let all the bad feelings go.” “Instead of worrying about what happens next, I learnt to become more contented about things. "For example, God gave me a second chance because I didn’t think I would be able to walk after my surgeries, but I can walk now,” he said. “I'm also more positive about life now.” "I'M ACTUALLY QUITE CONTENTED" The fear of death, and how the odds are seemingly stacked against him, still creeps in every now and then for Mr Afif. It's prompted him to start thinking about end-of-life practicalities. “I did tell my mother that if my cancer worsens, and the doctor says there’s no way surgery can happen, I wanted to go to hospice because it’ll be easier on everyone,” he said. “That way, the family can do their own things too. I just don’t want to disturb their peace. “But to be honest ... you don’t know when you’re going to die, it could take months or just a few days.” With his mother quitting her job to care for him and his younger brother still studying, his father and younger sister are the breadwinners of the family, earning a total of around S$3,000 (US$2,200) a month. To raise money for future hospital bills, medical treatment - including chemotherapy and radiotherapy - as well as general living expenses, Mr Afif set up a crowdfunding page in August. As of Nov 21, he has raised about S$4,000 out of a S$35,000 goal. Mr Afif meanwhile has busied himself by setting out to finish his film diploma course, which was put on a year-long hold so that he could focus on his cancer treatment. He will resume studies in January and is due to graduate in April. On the side, he's also working on a film loosely based on his life, with the aim of raising awareness of the challenges faced by young cancer patients - and to give them hope. But the priority remains family, and to spend as much time as he can with them. They recently holidayed together in Malacca and Kuala Lumpur. “We’ve definitely grown closer,” said Mr Afif. “Last time, before I got sick, we all used to be so busy and I would come home late so I wouldn’t really spend much time with them. "But now we all talk more, and we sit down to have meals together. It’s nice.” What clearly pains him most is the prospect of leaving his aging parents behind. “I am quite worried about them, especially my dad, who is also sick,” said the eldest of three children, citing his father's heart condition. He went quiet for a few seconds, deep in thought. “I told my younger brother and sister that if I were to go, they have to take care of Mama and Papa," he said. “My parents did so much for us, they worked hard, gave us food every day and a bed for us to sleep in. "I want them to be looked after, even if I die first.” His mother, who had been sitting nearby and using her phone, reached for a tissue. Visibly overcome, she silently wiped the tears welling in her eyes and took a breath. With his back to her, Mr Afif never saw any of that. Sitting on the sofa at his family home, he’s relaxed and smiles when asked if he was angry about the card he's been dealt. “No, I’m not. I’m actually quite contented with what I have, looking around in the world, what's going on, and me being able to do the things I want to do, and having my family," said Mr Afif. “Whatever happens, happens. If God wants me earlier, he’ll take me. If he wants to give me more tests, I’ll take the tests. “Even if I go off fast and early, I don’t think I’ve been robbed of time. I think I have been given time." In the next part of the series, which will be published on Dec 2, Mr Afif's mother tells CNA what it's like to take care of someone with a terminal illness.Thomas scores 27 as Morgan State downs Campbell 86-76
Dyskinetic Cerebral Palsy: A Closer Look at Symptoms, Diagnosis and Clinical Research UnderwayThe government will host a Vikasit Bharat Young Leaders Dialogue between January 11 and 12 at the Bharat Mandapam in Delhi in 2025, Prime Minister Narendra Modi announced during his monthly radio programme Mann Ki Baat on Sunday, as he focussed on youth and Indian history in the episode 116th episode. This Dialogue is being organised to celebrate Youth Day, which is marked on Swami Vivekananda’s birth anniversary on January 12. “Crores of youth from all over India will participate in it. Two thousand such youth selected from villages, blocks, districts, states will gather at Bharat Mandapam for the 'Vikasit Bharat Young Leaders Dialogue'. You might remember that from the ramparts of the Red Fort, I have urged such youths to join politics, none of whose family members or even the entire family have had a political background. To connect 1 lakh such youths, new youths, to politics, many special campaigns will be run in the country. 'Vikasit Bharat Young Leaders Dialogue' is also one such effort. Experts from the country and abroad will grace this. Many national and international personalities would also be there. I will also be present in it for as much time as possible. The youth will get an opportunity to present their ideas directly before us,” he said. Modi also said that more than two million young people are associated with the national cadet corps (NCC) today, up from about 1.4 million in 2014. Earlier, he said without specifying the year, the number of girls was around 25% and now it is “almost 40%”. He said that efforts were being made to get youth living in border areas to join the NVC. Modi talked about how more than 8 million pensioners had got their Digital Life Certificates, of which 200,000 people are above the age of 80 years. “By enabling the Digital Life Certificate, things have become very simple; the elderly do not have to go to the bank,” he said. To be sure, to generate the DLC, the elderly must have a biometric-enabled Aadhaar and a registered mobile number. To actually generate it on their own, they must have a phone capable of reading their fingerprints, or they have to go to their nearest Citizen Service Centre to use their biometric device, where they may have to pay for using their services, according to the procedure given on the Jeevan Pramaan website. Modi said that the youth have also been spreading awareness about digital arrest, an issue he talked about at length in last month’s episode. Modi talked about two libraries, one standalone library in Chennai and a chain of libraries in Hyderabad, that have been set up by an individual and an NGO. Indians in Guyana Modi talked about his recent visit to Guyana and Indians were originally taken there to work the fields but now, people of Indian origin, including its president Dr Irfan Ali, are leading in every field. He asked listeners to send stories of Indian immigrants who have made their mark in other countries on MyGov or on NaMo app. To be sure, while MyGov is a government enterprise, NaMo app is run by the Bharatiya Janata Party (BJP) . Modi said that with the support from the Indian Embassy in Oman and National Archives of India, a team of people has started preserving the history of Indian families in Oman, most of whom came from Kutch in Gujarat. “Thousands of documents have been collected under this campaign so far. These include diaries, account books, ledgers, letters and telegrams. Some of these documents even date back to the year 1838. ... The ‘Oral History Project’ is also an important basis of this mission. In this mission, senior people from there have shared their experiences.,” he said. Oral history project He mentioned the similar Oral History Project being done to record oral testimonies from survivors of partition as well. This project is run by the Partition Museum of Amritsar. Modi said that “a directory has been created to preserve the history of villages” and evidence related to India’s “ancient maritime capability”. For the latter, a museum is being built in Lothal. He also said that the Upanishads had been, for the first time, translated into the Slovak language. Modi said that under the “Ek Ped Maa Ke Naam” campaign, people had planted more than a billion trees across the country in five months. In the other hand, the Union Ministry of Environment, Forest and Climate Change, in February 2023, had permitted the Uttar Pradesh government to fell over 112,000 trees in protected forest area under the Kanwar Marg Project. In Indore, more than 1.2 million trees were planted in 24 hours. “On account of this campaign, the barren area of Revati Hills of Indore will now turn into a green zone,” he said. In Jaisalmer, a team of women planted more than 25,000 trees in an hour. He also talked about Chennai’s Kudugal Trust that has been working with school students to increase the sparrow population in the area.
Saputo Inc. stock falls Wednesday, underperforms marketPresident-elect Donald Trump announced Saturday he would pick Kash Patel, the former chief of staff to to the acting secretary of defense during the first Trump administration, to serve as director of the Federal Bureau of Investigation . "Kash is a brilliant lawyer, investigator, and “America First” fighter who has spent his career exposing corruption, defending Justice, and protecting the American People," Trump wrote in a post to Truth Social, arguing Patel would "bring back Fidelity, Bravery, and Integrity to the FBI." Philadelphia news 24/7: Watch NBC10 free wherever you are Patel, who will have to earn Senate confirmation to become FBI director, has earned a reputation as the ultimate Trump loyalist who has called for a purge of perceived enemies in the Justice Department and intelligence agencies. A former public defender who rose to increasingly senior national security posts in the final year of Trump’s first term, Patel has promoted the falsehood that the 2020 election was “stolen” from Trump as well as baseless claims that federal bureaucrats in the “deep state” tried to overthrow the former president. Patel has called for replacing “anti-democratic” civil servants in law enforcement and intelligence with “patriots” who he says will work for the American people, and in his memoir described the current political moment as “a battle between the people and a corrupt ruling class." “The Deep State is an unelected cabal of tyrants who think they should determine who Americans can and cannot elect as president, who think they get to decide what the president can and cannot do, and who believe they have the right to choose what the American people can and cannot know,” Patel wrote in "Government Gangsters." Former intelligence officers, Democratic lawmakers and Western officials worry that a hard-line Trump loyalist like Patel could reshape the makeup and mission of the nation’s intelligence apparatus, stripping it of its apolitical outlook and skewing assessments to adhere to a White House agenda. And they fear a worst-case scenario in which the spy agencies could be turned into tools to target political opponents. Stories that affect your life across the U.S. and around the world. During the investigation into Russia’s interference in the 2016 election, Patel gained favor with Trump as a congressional staffer after drafting a memo that accused the FBI of making mistakes in how it obtained a warrant to conduct surveillance of a former Trump campaign volunteer. Many of the memo’s assertions were later disproved. An inspector general report found fault with the FBI’s surveillance during the Russia investigation, but also found no evidence that federal authorities had acted in a politically partisan way. Patel went on to serve in Trump’s White House National Security Council, briefly as an adviser to the acting director of national intelligence and as chief of staff to Defense Secretary Chris Miller at the end of Trump’s first term. During the closing months of Trump’s tenure, the former president proposed Patel to serve as the deputy CIA director or to take over the FBI. Then-CIA Director Gina Haspel, a career intelligence officer, threatened to resign if Patel was installed and the attorney general at the time, William Barr, vehemently objected. Trump ended up dropping his plans. “Patel had virtually no experience that would qualify him to serve at the highest level of the world’s preeminent law enforcement agency,” Barr later wrote in his memoir. Patel and some other Trump loyalists suspected there was information hidden away in the intelligence community that could shed more light on bureaucratic plotting against Trump and in favor of Joe Biden, former officials said. “It was a fairly conspiratorial environment at that point,” said Marc Short, who served as chief of staff to then-Vice President Mike Pence. Patel has echoed Trump’s rhetoric labeling journalists as traitors and calling for “cleaning out” allegedly disloyal federal bureaucrats. In an interview last year with longtime Trump ally Steve Bannon, Patel vowed to go after “conspirators” who he claimed had abused their positions in government. “The one thing we learned in the Trump administration the first go-around is that we have to put in all-American patriots top to bottom,” Patel told Bannon. “And the one thing that we will do that they never will do is that we will follow the facts and the law and go to courts of law and correct these justices and lawyers who have been prosecuting these cases based on politics and actually issuing them as lawfare,” he said. “We will go out and find the conspirators, not just in government but in the media — yes, we’re going to come after the people in the media who lied about American citizens who helped Joe Biden rig presidential elections. Whether it’s criminally or civilly, we’re going to figure that out — but yeah, we’re putting you all on notice,” Patel said. Trump and his allies first started referring to a “deep state” soon after the 2016 election, viewing the investigation into Russia’s interference in the election — and its outreach to the Trump campaign — as an attempt to sabotage his presidency. Patel joined Trump on the 2024 campaign trail and has promoted his memoir, a film adaptation of the memoir and a line of children’s books featuring him as a “wizard” defending “King Donald.” He has touted his charity, the Kash Foundation, as a way of helping the needy and providing legal defense funds to whistleblowers and others. But the foundation has released few details of its finances. According to tax filings for 2023, revenue for the foundation increased to $1.3 million last year, compared with $182,000 in 2022, with much of the money coming from donations. The foundation listed expenses of $674,000, with about $425,000 spent on advertising and marketing. He also has appeared on Truth Social peddling “Warrior Essentials” anti-vaccine diet supplements, which are supposed to “reverse” the effects of Covid-19 vaccines. In his memoir, Patel recounts how after law school he dreamed of landing a job with a law firm and a “sky-high salary” but “nobody would hire me.” Instead, he became a public defender in Miami. Referring to his stint at the Justice Department after his work as a public defender, Patel has claimed he was the “lead prosecutor” for a federal case against a Libyan accused of taking part in the lethal 2012 attack on a U.S. compound in Benghazi. “I was the main Justice lead prosecutor for Benghazi,” Patel said in an interview on a YouTube channel hosted by a former Navy SEAL, Shawn Ryan. But in Justice Department announcements at the time, Patel was not listed as the lead prosecutor or as part of the legal team. At a 2016 proceeding in Houston for a case involving a Palestinian refugee who pleaded guilty to supporting ISIS, a federal judge, Lynn Hughes, dressed down Patel and kicked him out of the chambers, according to a court transcript . The judge repeatedly questioned why Patel had flown all the way from Central Asia to be present at the proceeding, as the judge said his presence was unnecessary. And he scolded Patel for failing to dress appropriately. “Act like a lawyer,” the judge said. He accused Patel of being a Washington bureaucrat who would interfere in a case where he was not needed. “‘You’re just one more nonessential employee from Washington.” In his memoir, Patel wrote that he had rushed back from Tajikistan and did not have a suit to wear to the courtroom, and that he chose not to talk back to the judge “who had it out for me” to avoid damaging the government’s terrorism case. This article first appeared on NBCNews.com . Read more from NBC News here:
PROVIDENCE, R.I. (AP) — Cybercriminals could release personal data of many Rhode Islanders as early as this upcoming week in a major cyberattack that hit the state's online system for delivering health and human services benefits, Gov. Daniel McKee said. The hackers are demanding a ransom, officials said without elaborating. The state urged Rhode Islanders to take action to protect their personal information, which may include names, addresses, dates of birth, Social Security numbers and certain banking information. Anyone who has been involved in Medicaid, the Supplemental Nutrition Assistance Program known as SNAP, Temporary Assistance for Needy Families, Childcare Assistance Program, Rhode Island Works, Long-term Services and Supports, the At HOME Cost Share Program and health insurance purchased through HealthSource RI may be impacted, McKee said Saturday. The system known as RIBridges was taken offline on Friday, after the state was informed by its vendor, Deloitte, that there was a major security threat to the system. The vendor confirmed that “there is a high probability that a cybercriminal has obtained files with personally identifiable information from RIBridges,” the state said. The state has contracted with Experian to run a toll-free hotline for Rhode Islanders to call to get information about the breach and how they can protect their data.Pakistani police arrest thousands of Imran Khan supporters ahead of rally in the capital
Topa, Stewart, McKenzie, Sulser reach deals ahead of tender deadline
Identity and Access Management (IAM) Professional Service Market Overview and Leading Players: Column Technologies, Hub City Media, Identropy, Oxford Computer Group, Tata Consultancy Services (TCS), PwC, IDMWORKS, Aurionpro SolutionsA top US official sought to quell growing concern Sunday over reported drone sightings in the country's northeast, reiterating there was no known security threat as authorities monitor the situation. President Joe Biden's administration has faced mounting criticism for not clearly identifying origins of the objects seen hovering over parts of New York and New Jersey. The criticism has come even from Biden's own party, with top Democratic Senator Chuck Schumer calling Sunday for action to make it easier for federal, state and local authorities to work together to detect and if need be "bring down" any drone seen to pose a threat. Video footage of mysterious airborne phenomena recently has clogged social media, with spottings also reported in Maryland and Virginia. "Some of those drone sightings are, in fact, drones. Some are manned aircraft that are commonly mistaken for drones," Homeland Security Secretary Alejandro Mayorkas said Sunday on ABC's "This Week" program. "But there's no question that drones are being sighted," he said, noting there are more than one million registered across the United States. "I want to assure the American public that we are on it," he said. "If we identify any foreign involvement or criminal activity, we will communicate with the American public accordingly. Right now, we are not aware of any." Even as Mayorkas sought to reassure the public, Boston police announced Sunday that two Massachusetts men had been arrested the previous night for allegedly conducting a "hazardous drone operation" near the city's Logan International Airport. State police were conducting a search for a third suspect, who authorities said fled the scene. Schumer, in a letter to Mayorkas Sunday, urged the Department of Homeland Security to immediately deploy special drone-detection technology across New York and New Jersey, since traditional radar struggles to detect such small objects. He also called for passage of legislation to explicitly authorize state and local law enforcement to work with federal agencies to detect and "bring down drones that threaten critical facilities or mass gatherings." Jim Himes, the top Democrat on the House Intelligence Committee, meanwhile expressed frustration at the Federal Aviation Administration (FAA) over its communications around the issue. "The answer 'we don't know' is not a good enough answer," he told "Fox News Sunday." "When people are anxious... people will fill a vacuum with, you know, their fears and anxieties and conspiracy theories," he said, calling for the FAA to hold public briefings. White House national security spokesman John Kirby had previously said the aircraft could be lawfully operated planes or helicopters mistaken for drones. "While there is no known malicious activity occurring, the reported sightings there do, however, highlight a gap in authorities," he said Thursday, calling for Congress to pass new legislation to "extend and expand existing counter-drone authorities." New York Governor Kathy Hochul announced Sunday that authorities had agreed to send a drone detection system to her state. "I am grateful for the support, but we need more. Congress must pass a law that will give us the power to deal directly with the drones," she said on X. On Friday, President-elect Donald Trump urged federal authorities to clearly identify the drones' origins. "Let the public know, and now. Otherwise, shoot them down!!!" he posted on social media. As the price of drones has fallen -- small quadcopter models with Wi-Fi camera capability can be purchased for as little as $40 -- their numbers and popularity have soared, making their presence in American skies a greater concern. acb/des/bbk/mlm
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Super Micro Computer (NASDAQ: SMCI) shareholders have been through a whirlwind lately. While the stock is up 1,480% in the last two years, it has also fallen over 70% from its record high in the last eight months. As one of Nvidia 's largest partners, the server maker should benefit as demand for artificial intelligence (AI) infrastructure increases, but Supermicro has also been accused of accounting manipulation. Among the 12 analysts who follow the company, the median 12-month price target of $30.50 per share implies an 8% downside from its current share price of $33. That means six analysts think the stock will fall more than 8% in the next year. Additionally, 19 analysts followed Supermicro three months ago, meaning seven have recently discontinued coverage. Wall Street is clearly shying away from the company. Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Here are the important details. The bull case: Supermicro is a leading supplier of AI servers Super Micro Computer builds servers, including full server racks equipped with storage and networking that provide customers with a turnkey solution for data center infrastructure. Its internal manufacturing capabilities and "building block" approach to product development let it bring new technologies to market more quickly than its competitors, often by two to six months. Indeed, earlier this year, Rosenblatt analyst Hans Mosesmann wrote, "Super Micro has developed a model that is very, very quick to market. They usually have the widest portfolio of products when a new product comes out." Those advantages have helped Supermicro secure a leadership position in AI servers, a market forecast to grow at 30% annually through 2033, according to Statista. Importantly, Supermicro is also the top supplier of direct liquid cooling (DLC) systems, which could help the company strengthen its position in AI servers. DLC systems reduce data center power consumption by 40% and occupy 80% less space than traditional air-cooled systems. AI servers generate more heat than general-purpose servers, so demand for DLC systems is expected to rise quickly. Indeed, while less than 1% of data centers have historically used liquid cooling, Supermicro estimates 15% (and maybe as many as 30%) of new data center installations will use liquid cooling in the next two years, and the company says it is positioned to "capture the majority share of that growth." The bear case: Supermicro is beset by problems As mentioned, while Supermicro shares are up 1,480% in the last two years, the stock has also nosedived more than 70% from its record high in the last eight months. Below is a month-by-month timeline detailing the events that led to that rapid decline in value. August 2024: Short-seller Hindenburg Research published a report accusing Supermicro of accounting violations, including improper revenue recognition, undisclosed related party transactions, and sanctions evasion. Subsequently, Supermicro delayed filing its Form 10-K for fiscal 2024, but CEO Charles Liang said the Hindenburg report contained "false or inaccurate statements." September 2024: The Wall Street Journal reported that Supermicro was being probed by the Justice Department after a former employee filed a lawsuit accusing the company of accounting violations, some of which were mentioned in the Hindenburg report. Supermicro also got a letter of noncompliance from the Nasdaq Exchange, saying it had 60 days to file its 10-K or submit a plan to restore compliance. October 2024: Supermicro's auditor, Ernst & Young, resigned. "We are resigning due to information that has recently come to our attention which has led us to no longer be able to rely on management's and the Audit Committee's representations," the company wrote in its resignation letter. Ernst & Young also said it was "unwilling to be associated with the financial statements prepared by management." November 2024: Supermicro delayed its Form 10-Q for the first quarter of fiscal 2025. But the company hired BDO as its new auditor and submitted a compliance plan to Nasdaq before the deadline, saying it would become current with its filings in a timely manner. Now, the Nasdaq must either approve or reject that plan. The situation is even more complicated than what I've just described because Supermicro was accused of similar accounting violations in the past. At that time, the company filed its Form 10-K for fiscal 2017 almost two years late and was fined $17.5 million by the Securities and Exchange Commission (SEC). Supermicro was also delisted from the Nasdaq Exchange for about 18 months, though shares advanced 73% during that period anyway. Investors should avoid Supermicro stock right now Supermicro shares could soar if the wrongdoings outlined by Hindenburg are found to be inaccurate and then nothing comes of the Justice Department probe. But investors should be at least a little skeptical, given that the SEC has fined the company for similar violations in the past, and Hindenburg says Supermicro has rehired three senior employees involved in the previous scandal. In that context, I think prospective investors should avoid this stock right now. There are simply too many unknowns to make an educated decision, which probably explains why seven out of 19 Wall Street analysts discontinued coverage during the last three months. It may also explain why the remaining 12 analysts have set the stock with a median price target that implies an 8% downside. Don’t miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this. On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $368,053 !* Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,533 !* Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $484,170 !* Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon. See 3 “Double Down” stocks » *Stock Advisor returns as of November 18, 2024 Trevor Jennewine has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy . Should You Buy Super Micro Computer Stock After Its 1,480% Gain in 5 Years? Wall Street Has a Clear Answer for Investors. was originally published by The Motley Fool
New film to celebrate iconic ZX Spectrum computer made in Dundee