Dell shows off iPad competition

Dell Chief Executive Michael Dell showed off a new seven-inch tablet and said the computer maker is on track to bring in more than $60 billion in revenue this year.

Dell appeared on stage at the Oracle OpenWorld conference in San Francisco on Wednesday with the new tablet, which appeared to run on Google's Android software. But he declined to provide any details about the device.

The company released the Streak, a five-inch tablet, last month. Dell said the Streak, which is currently only available through the company's online store, will be available at Best Buy stores next month.

Dell also said the company's revenue has grown about 20 per cent over the past two quarters, and "it looks like we'll probably do that again this quarter as well."

Dell executives have previously said the company planned to launch tablets in larger screen sizes.

Dell is the world's No. 2 PC maker, according to industry tracker IDC, but has been expanding its product portfolio, with an emphasis on mobile devices. Apple's iPad has set the standard for tablet computers.

A slew of tablets has hit the market or is expected to in the coming months, including offerings from Samsung, Hewlett-Packard and Toshiba.

BMO Capital Markets expects tablet sales to top 40 million units in 2011 and hurt notebook and netbook sales.