(Bloomberg) -- Acer Inc. may overtake Hewlett- Packard Co. as the largest notebook-computer vendor before its 2011 target, led by sales of low-cost netbooks and slim laptops that run for eight hours, Chairman J.T. Wang said.
“I look at our competitors as being very passive in the netbook segment,” Wang, 54, said in an interview yesterday in Taipei, where Acer is based. “We are leading our competitors by six to nine months.”
Acer widened its lead over Dell Inc. and narrowed the gap with Hewlett-Packard last year as sales of its Aspire One helped the Taiwanese company capture the top spot in the market for sub- $500 netbooks, the fastest-growing segment of the personal- computer industry. Acer’s low-power Aspire Timeline series, introduced last week, may help the PC vendor extend market-share gains this year, according to Citigroup Inc. and Morgan Stanley.
“Acer reacts to market dynamics faster than other players, which allows them to keep gaining share in this low-price environment,” said Calvin Huang, a Taipei-based analyst at Daiwa Securities Group Inc., who recommends investors buy the stock. “Some earnings growth is good because most of the market is looking at a decline this year.”
Wang declined to specify when the company will take the lead in the notebook market. Acer expects operating profit, which measures sales less operating expenses, will rise this year after it increased 38 percent to NT$14.1 billion ($420 million) last year, he said.
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