Nokia plans to turn netbook market upside down

If the laptop is too big and the smartphone is too small, perhaps the netbook will be just right.

In another sign of convergence, Finland-based Nokia (NOK), the world's biggest handset developer, has decided to develop netbooks -- which could become the holy grail of portable communications, according to Daniel Amir, an analyst with Lazard Capital Markets. While Nokia has yet to make an official announcement, the company will likely release its first netbook next year.

The news could be revolutionary for the market for mobile devices in a number of ways.