Who said Flash would fade away? Adobe may have some very good news coming it’s way as a possible partnership with Microsoft could revive the companies confidence in the future of the web. Flash could still have a place for itself on you monitors and phones.

When CEO Steve Ballmer of Microsoft stopped by Adobe Systems Inc., everyone smelled a takeover. It turned out to be more of a partnership between the two companies that both won’t leverage against the competitors. The areas which these companies seek to dominate are mobile and cloud computing.

Apple and Google have both taken stock in their gains in both cloud and mobile. Microsoft and Adobe hope to gain some ground by making an all-star team. Micorsoft could help Adobe with more integration of Flash into mobile devices. Adobe was hammered after Apple’s Steve Job’s claimed that Flash had too many vulnerabilities and that HTML 5 was really the future.

A partnership between Microsoft and Adobe could show some gain against Apple and Google but they are both years behind in the fast-paced mobile world.