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Batche processing in Photoshop

I would like to know if Photoshop has the ability to batch-size a lot of pics (say 20-50) at once (i/e after processing and saving the original file, can I then downsize them for online viewing as a group rather than doing it one by one?).
Shamefully I am still using an older version (Photoshop 6), but looking at upgrading to CS3 or soon as I also leap into the Mac-sphere (which will be soon!!).

Excuse my relative-beginner ignorance...


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