The new year began harshly for Adobe Systems (ADBE). Shares of the maker of Photoshop, Flash, and other widely used software have dropped almost 8% in 2010, after big gains last year, amid speculation that Adobe’ Flash Web-video software will be eclipsed by a competing technology backed by Apple and Google.
Apple (AAPL) has fanned the concern, saying it won’t let videos and graphics created with Flash play on the iPhone or on its upcoming iPad computer, introduced by Apple Chief Executive Steve Jobs in January.
Full story: With Flash Under Fire, Adobe Shares Charm Analysts via BusinessWeek