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Nokia: We're Not Buying RIM

July 12th, 2005 Posted in Wireless/Research in Motion

The Register has a story that Nokia is not interesting in buying Research in Motion - apparently snuffing out rumors it and Motorola were potential suitors. Mary McDowell, who runs Nokia's enterprise solutions unit, said the Finnish company believes it can create similar services without buying RIM, a move that would cost US$13.5-billion.While RIM may not have to worry about a takeover bid from Nokia, there is no doubt it's going to face more trouble from mobile e-mail rivals - Seven, Good Technology and Visto. Good just signed Sprint as a GoodLink partner. The other way of looking at the mobile e-mail market is there's plenty of growth left so RIM, Seven, Visto, Good, etc. are just attracting more customers as opposed to trying to eat each other's lunch. Still, RIM realizes it needs to stay strategically ahead of the pack, which is why it's trying to sell itself as a wireless applications platform these days.

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