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Risks

• Our business, results of operations and financial condition have been adversely affected and could in the future be materially adversely affected by the COVID-19 pandemic.
• Sales to the service provider market are especially volatile, and weakness in orders from this industry may harm our operating results and financial condition.
• Inventory management relating to our sales to our two-tier distribution channel is complex, and excess inventory may harm our gross margins.
• Changes in industry structure and market conditions could lead to charges related to discontinuances of certain of our products or businesses, asset impairments and workforce reductions or restructurings.
• We have made and expect to continue to make acquisitions that could disrupt our operations and harm our operating results.
• Due to the global nature of our operations, political or economic changes or other factors in a specific country or region could harm our operating results and financial condition.
• We are exposed to fluctuations in the market values of our portfolio investments and in interest rates; impairment of our investments could harm our earnings.
• We are exposed to fluctuations in currency exchange rates that could negatively impact our financial results and cash flows.
• Adverse resolution of litigation or governmental investigations may harm our operating results or financial condition.
• Our operating results may be adversely affected and damage to our reputation may occur due to production and sale of counterfeit versions of our products.
• Changes in our provision for income taxes or adverse outcomes resulting from examination of our income tax returns could adversely affect our results.
• Our business and operations are especially subject to the risks of earthquakes, floods, and other natural catastrophic events (including as a result of global climate change).
• Terrorism and other events may harm our business, operating results and financial condition.
• There can be no assurance that our operating results and financial condition will not be adversely affected by our incurrence of debt.
• Our proprietary rights may prove difficult to enforce.
• Cyber-attacks, data breaches or malware may disrupt our operations, harm our operating results and financial condition, and damage our reputation; and cyber-attacks or data breaches on our customers’ networks, or in cloud-based services provided by or enabled by us, could result in claims of liability against us, damage our reputation or otherwise harm our business.
• Vulnerabilities and critical security defects, prioritization decisions regarding remedying vulnerabilities or security defects, failure of third party providers to remedy vulnerabilities or security defects, or customers not deploying security releases or deciding not to upgrade products, services or solutions could result in claims of liability against us, damage our reputation or otherwise harm our business.
• Our business, operating results and financial condition could be materially harmed by regulatory uncertainty applicable to our products and services.
• Our stock price may be volatile.