Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance with commonly known facts, decide which of the given conclusions logically follow(s) from the statements.

Statements:
Some laptops are phones.
Some phones are capsules.
Some capsules are pens.

Conclusions:
I. Some laptops are capsules.
II. Some phones are pens.
III. Some pens are capsules.
IV. Some pens are phones.