Some of the V2 Flash Components are less than intuitive now and then. While working on the new trophy tour for Heineken we had to create an application with a transparent textarea with non selectable non editable text using a non standard (embedded) font with Spanish characters.
Oh and the text had to be rendered smoothy using advanced anti-aliasing.
This leaves you with different options. Although I was tempted to simply use a standard textfield, this should be easy to implement using a TextArea component as well, right? As a reference for our own and your convenience, here is a step by step approach.