The world's No. 2 PC vendor, Acer Inc. is on the way to become the world leader in electronics and computer equipments. Earlier Hewlett-Packard has announced that it will buy the Smartphone maker Palm by paying $1.2-billion. The company has gone for this buy out to enter to the global tech arena. HP is confident to resuscitate the struggling manufacturer of Smartphone Palm.

It is expected to project Palm as the possible rival of the tech leaders like Apple and RIM. Now it is Aces who is keen to sell smartphones as well.

Acer Inc. has decided to launch four new models of Smartphones to the market soon. The launching may happen in the later half of the year. The global tech market is the most profitable one. That's the reason these PC companies are also showing interest in this market.

Acer is anticipating enhancing it net profit b entering to this fast-growing smartphone market. The company has also expected that the new laptop PCs will drive its profit margins to a new height. It has managed to register a mammoth 62%profit rise in first-quarter earnings as well.