We are required to estimate the effects of returns and allowances provided to distributors and record revenue at the time of sale to the distributor. If our estimates of such credits and rights are materially understated, it could cause subsequent adjustments that negatively impact our revenues and gross profits in a future period. The market price of our common stock has been volatile in the past and may be volatile in the future, as it may be significantly affected by factors including: If we are unable to generate sufficient cash flow, we may not be able to service our debt obligations, including making payments on our outstanding indebtedness. The stock market has historically experienced volatility, especially within the semiconductor industry, that often has been unrelated to the performance of particular companies. These market fluctuations may cause our stock price to fall regardless of our operating results. Our directors and executive officers periodically buy or sell shares of our common stock in the market, including pursuant to Rule 10b5-1 trading plans. Regardless of the individual's reasons for such purchases or sales, securities analysts and investors could view such transactions as positive or negative indicators and our stock price could be adversely affected as a result. Our ability to make payments of principal and interest on our indebtedness when due depends upon our future performance, which will be subject to general economic conditions, industry cycles and financial, business and other factors affecting our consolidated operations, many of which are beyond our control. For example, the disruption to economic activity resulting from the COVID-19 pandemic has had, and is likely to continue to have, adverse effects on our supply chain, manufacturing operations and facilities, and workforce. If we are unable to generate sufficient cash flow from operations in the future to service our outstanding debt, we may be required to, among other things: • the extent of the impact and the duration of the COVID-19 outbreak; • global economic conditions generally; • crises in global credit, debt and financial markets; • actual or anticipated fluctuations in our revenue and operating results; • changes in financial estimates or other statements made by securities analysts or others in analyst reports or other publications, or our failure to perform in line with those estimates or statements or our published guidance; • financial results and prospects of our customers; • U.S. and foreign government actions, including with respect to trade, travel, export and taxation; • changes in market valuations of other semiconductor companies; • rumors and speculation in the press, investment community or on social media about us, our customers or other companies in our industry; • announcements by us, our customers or our competitors of significant new products, technical innovations, material transactions, acquisitions or dispositions, litigation, capital commitments, including share repurchases and dividend policies, or revised earnings estimates; • departures of key personnel; • alleged noncompliance with laws, regulations or ethics standards by us or any of our employees, officers or directors; and • negative media publicity targeting us or our suppliers, customers or competitors. • seek additional financing in the debt or equity markets; • refinance or restructure all or a portion of our indebtedness; • borrow under our revolving credit facility; • divert funds that would otherwise be invested in growing our business operations; • repatriate earnings as dividends from foreign locations with potential for negative tax consequences; or • sell selected assets. Risks Related to our Indebtedness Our stock price may be volatile. 20