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Analyst: RIM at $175 by mid-2007

In a note to clients yesterday, American Technology Research analyst Rob Sanderson predicted that the stock price of BlackBerry-maker Research In Motion will hit $175 by mid-2007.

"RIMstands at the convergence point of the world's two largest markets: wireless and Internet," Sanderson wriote.. "RIM is addressing the opportunity unlike any competitor and is seeing accelerating adoption while competing products have been underwhelming."

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