BlackBerry maker Research In Motion could be a takeover target down the road by telecom equipment giant Cisco Systems Inc., says a UBS analyst.

RIM and U.S.-based Cisco have more synergies than software giant Microsoft, which has been cited as a possible RIM suitor in the past, analyst Phillip Huang said yesterday.

Huang said synergies between Cisco and RIM include BlackBerry integration of Flip digital camera technology.

RIM has been mentioned as a possible takeover target for the last few years. Potential suitors often mentioned included Microsoft, Cisco, IBM and Hewlett-Packard.