Our retail channel primarily supplies products that are sold into the consumer market. VARs include our network of registered NETGEAR Solution Partners. Several of our other 7 competitors compete in a more limited manner. Under this model, some of the primary technology is developed in-house. We demonstrate diversity, equity, and inclusion at the highest levels of our company. Mr. Werdann holds a B.S. Degree in Communications from Seton Hall University. The risks described below are not exhaustive of the risks that might affect our business. These expectations are subject to change without warning. Average sales prices have declined in the past and may again decline in the future. Some of these entities purchase our products through our wholesale distributor customers. Expanding our presence in the VAR channel may be difficult and expensive. As a result, lack of repeatable one-time purchases will adversely affect our revenue. Accordingly, our business may be harmed and our revenues may be reduced. The CCPA and CPRA will likely increase our compliance costs and potential liability. Our effective tax rate has fluctuated in the past and may fluctuate in the future. The ITA examination included an audit of income, gross receipts and value-added taxes. We may be exposed to claims and liabilities as a result of the Distribution. Our operations are routinely subject to audit by tax authorities in various countries.