Others have suggested that Freescale's long term debt
obligations of roughly $6.5 billion weighted down the stock in the eyes
of investors. But Beyer said he didn't think that was a factor.
"The fact of the matter is that we do have a heavy debt load," Beyer
said. "We have made it crystal clear that we had more than enough
cash-generating power to pay down the debt. I don't think that had any
impact whatsoever on the past couple weeks. "
Beyer, noting that Freescale outgrew the semiconductor market in 2010
and the first quarter of this year, said the company has an exciting
future. "Today is an important milestone," Beyer said. "What's more
important is that Freescale is becoming a fine, fine company."
Beyer also issued a strong denial of a rumor that the company may re-enter the mobile handset chip business, which it exited by putting the unit up for sale in 2008.
"We do not believe that is inherently a good business for us," Beyer
said. "We will leave that to numerous other players who want to jump in