Nokia Noodling Notebooks?

Both Digital Daily and Reuters have picked up on a YLE interview with Nokia CEO Olli-Pekka Kallasvuo in which he suggests that Nokia (NOK) might make a move into the laptop space. Kallasuvo suggests that it would be a logical extension of their business as the capabilities of smartphones and laptops converge (mostly in the form of netbooks). More likely this is a competitive reaction to computer makers like Dell (DELL) and Acer (2353) pushing into the mobile phone business where Nokia is currently the market leader. There is little doubt that Nokia could pull it off...the big question raised in the Reuters story is whether it makes sense for Nokia to compete in a much more commoditized product category, with much lower margins.