Acer, the world's third-largest PC vendor, will reach a $20bn revenue target and sales of 30 million computers this year despite financial troubles in the US, high energy prices and rising inflation, company executives said today.

Global economic troubles will not seriously impact the PC market, said J.T. Wang, Acer's chairman, in a webcast from Budapest, Hungary.

"The PC market is growing," he said.

The company's comments present a far different view of the IT world than number two PC vendor Dell.

Earlier this week, Dell released a statement saying it is seeing further softening of global end-user demand. The comment was an extension of conservative IT buying in the US, Western Europe and some parts of Asia that Dell reported in its second-quarter investors' conference on August 28.

Acer said it is already the second largest laptop PC vendor in the world, and is moving in on Dell in the overall category.