In Google crawler we believe.

Although we haven’t seen many textual content in flash files but Google crawler will is able now to index your embedded textual content.

Official Google Blog – Google has been developing a new algorithm for indexing textual content in Flash files of all kinds, from Flash menus, buttons and banners, to self-contained Flash websites. Recently, we’ve improved the performance of this Flash indexing algorithm by integrating Adobe’s Flash Player technology.

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