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Adobe has received blunt criticism from a former executive and seen its market cap drop 8% after they announced the end of development of the mobile version of Flash Player. While much of the furor since the announcement has centered on Apple’s choice to forgo Flash – and Android and RIM’s choice to embrace it – these new revelations suggest that Adobe simply failed to realize the importance of touchscreen smartphones in time. (more...)
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Personally I think their shift to focus on HTML5 and other Adobe Apps is a good decision. But much like HP CEO I think Adobe had made this decision without truly understanding it's clientele. Abandoning Flash development right now is not a good decision and the stocks prices does reflect the industry opinion with regard to that decision.