image color inconsistency by pdfLaTeX and dvipdf

I've noticed that results of pdfLaTeX and LaTeX plus dvipdf sometimes differ. One case is the color of an image.

Sample TeX file:

\\textcolor{red}{Red Image? \\includegraphics{image} (end).}

Files "image.eps" and "image.pdf" are black-white images. The results are the following:

pdfLaTeX: the image is red-white
LaTeX+dvipdf: the image is black-white

I use quite old teTeX 2.0, and can't install a newer version to check if the inconsistency is fixed.

Is it a bug? If yes, where should I report it? Who is right, pdfLaTeX or LaTeX+dvipdf?

Categories: TeX