With the Apple iPad, like the iPhone, lacking Abode Flash support, and the Apple CEO Steve Jobs trashing Flash as an ‘on its way out’ technology, some technology executives are wondering whether Adobe is quick enough to gauge the demands of the emerging mobile computing scenario and adapt accordingly.

Abode, which has traditionally specialized in software for the desktop, has recently been drawing flak for its Flash Web-video software that might potentially be obscured by a competing technology – HTML 5 - that is being backed by Apple and Google.

Despite that fact that Adobe Flash is facing “a lot of competition,” as Carl Bass - CEO at Flash-backed design software maker Autodesk - has put it; the overt disapproval of Flash has not had much bearing on the Wall Street analysts, who surprisingly remain bullish on Adobe, the world’s fifth-rank software maker by market value.

As per Bloomberg statistics, as many as 19 of 29 analysts covering Adobe recommend its stock – most of them dismissing the talk of Flash’s so-said imminent demise as “overblown.” UBS analyst Brent Thill, a Flash backer said: “Adobe was this darling company that could do nothing wrong.”

Meanwhile, the recent Flash-bashing has got Abode moving – it is working to improve the security of its virus-vulnerable software, which it claims is behind the creation of 75 percent of Internet video clips and 70 percent of online games.