Macworld UK - LONDON -- Don't look for any Flash content on the iPhone anytime soon. That idea was squashed for the time being during Apple Inc.'s shareholder meeting yesterday.

Apple CEO Steve Jobs went on record to warn that the iPhone needs a Flash Player that works like it does on a computer, warning that the Flash Lite Player that Adobe Systems Inc. develops for mobile phones isn't sufficiently advanced for an iPhone.

"Proper" Flash "performs too slow to be useful" on the iPhone, Jobs warned. "There's this missing product in the middle. It just doesn't exist."

Despite the harsh words about Flash, Jobs insisted that Apple maintains a good relationship with Adobe all the same.

Jobs was a little less forthcoming when it came to fielding questions about the planned iPhone software development kit, saying only, "You'll see a lot of applications out there this summer."

He also promised the release of more .Mac applications this year.

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