Despite the chance Acer has of deposing Dell, Acer turned in disappointing numbers for its most recent quarter. The company lowered its 2009 projections for netbooks shipped to between 10 million to 12 million, a reduction from the previous expectation of 12 million to 15 million.

Acer profits for the quarter dropped 31% to $60 million, analysts expected Acer to report profits of $64 million. Total Acer revenue for the quarter fell 6.5% to $3.5 billion, down from $3.8 billion. Taking the number two crown form Dell could prove to be difficult. For Acer to take the second spot from Dell, Dell would have to post another consecutive loss in market share while Acer would need to gain. Dell has seen shipments fall for two quarters in a row.

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