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Bandwidth Server Requirements and Flash Video for Blog

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I want to create a blog using Microsoft Sharepoint for members that would contain video files that would be compressed into flash files. 

I am trying to find out what software to use to convert the files to flash?

More importantly, for our blog what is the estimated bandwidth requirement on our server to support 5,000 members.  Approximately 10 short 3 minute videos would be posted on the blog in the next few months.  Numerous blog postings will be made as well –around 50 in the next month or so. 

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