Nokia not interested in purchasing RIM

Nokia told a Finnish newspaper on Tuesday that it is not interested in buying Research in Motion (RIM), the manufacturer of the popular Blackberry wireless device.

Mary McDowell, head of Nokia's Enterprise Solutions unit, claimed the company feels it will be able to tap the mobile e-mail industry with its own products.

"Most of RIM's income comes from devices for which we can well develop similar products ourselves," McDowell told the Helsingin Sanomat daily newspaper.

RIM's share price has increased over the past few weeks as investors were hoping that a potential suitor for the company would step up to the plate. More info at BetaNews