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Adobe and Apple developing Flash for iPhone

Adobe has teamed up with Apple to develop a version of its Flash video software for Apple’s iPhone. Adobe’s Flash, used to view online video and animation, is installed on 98 percent of the world’s personal computers. While the software is on more than 800 million handsets, it isn’t available on the iPhone. Steve Jobs called on Adobe to write a third version of Flash, in addition to the software already available for PCs and phones, Shantanu Narayen said.

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