updated 11:40 am EDT, Fri July 29, 2005
Flash 8 may compete
Early next month ) along with various other advantages could pose a threat to Microsoft Windows Media technology, Real Format of RealNetworks and Apple Computer's Quicktime.
Tim Bajarin, an analyst with Creative Strategies stated "This new version of Flash is quite an improvement, [...] if positioned more as a media engine, then it could cause Real, Apple and Microsoft some concern since it will evolve into a competitive platform for streaming video." Flash 8 also reportedly supports alpha transparency allowing users to combine Flash video with text, vector graphics and other elements. Macromedia shareholders will vote on a proposed acquisition by Adobe Systems on August 24.