It has been reported that the chairman of Acer Inc., predicted his Taiwan-based company would become the world's leading supplier of notebook computers this year.

Revenues in the coming third quarter were expected to increase 10 percent to 15 percent over the second quarter despite rising wages in China and Europe's economic turmoil, J. T. Wang told stockholders in Taipei on Friday.

Acer is currently the No. 2 notebook vendor behind Hewlett-Packard Co. and posted first quarter revenues of 162.1 New Taiwan dollars ($5.2 billion).

Acer had been able to ride out the global recession by introducing attractive new products and taking advantage of fairly steady world demand for both laptop and desktop PCs, The Wall Street Journal said on Saturday.

Wang said, "We have responded faster than our competitors to the demand in the market. We are one of a very few that is able to respond to the market when demand stabilized in the latter part of the second quarter because we were prepared."

Acer's plans for the immediate future included moving into the Android smart phone market and reducing the number of products based on Windows software, The Journal further added. (With inputs from Agencies)