Cramer's 'Mad Money' Recap: Europe, Earnings to Dominate Week

While there have been countless rumors that both Nokia(NOK) and Research in Motion(RIMM) are ripe for the picking, Cramer said there are major flaws with this line of thinking. First, both Nokia and RIM are the darlings of their home countries of Finland and Canada, respectively, and are not likely going to be allowed to be sold to foreign entities.

But more important, said Cramer, what company in its right mind would want to buy a company whose business is in decline and directly competes with the likes of Apple(AAPL) ? These rumors, he said, just don't make any sense.

If investors want to play in the smartphone space, why not just own some Apple, which is what Cramer does for his charitable trust, Action Alerts PLUS.

--Written by Scott Rutt in Washington, D.C.

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