Flash moves on to smart phones
Flash is one of the most common pieces of software installed on computers.
It is found on about 98% of PCs and almost 75% of all online video is delivered using the software, according to Adobe.
Flash 10.1, as the new software is known, had been developed because the mobile web was "booming", said Mr Wood.In addition, he said, developers and users demanded a consistent web experience from desktop PC to smartphone.
"We're addressing that need," Anup Muraka of Adobe told BBC News.