Stan Shih says US computer firms will die

Legendary founder of Taiwanese computer maker Acer, Stan Shih, warned that US computer brands will be extinct in 20 years' time, thanks to their fixation with big, overpriced boxes.

"The trend for low-priced computers will last for the coming years," Stan Shih said, according to the Taipei-based Commercial Times, via AFP.

"But US computer makers just don't know how to put such products on the market. US computer brands may disappear over the next 20 years, just like what happened to US television brands," he warned.

Acer has been making great strides in the market in recent years, overhauling the likes of Dell in its aggressive attempt to become the world's Number One computer maker. Acer reckons it'll overtake HP in terms of volume by the end of next year.