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Opaque: By using the Opaque value you can use JavaScript to move or resize movies that don't need a transparent background. Opaque mode makes the movie hide everything behind it on the page. Additionally, opaque mode moves elements behind Flash movies (for example, with dynamic HTML) to prevent them from showing through.
Transparent: Transparent mode allows the background of the HTML page, or the DHTML layer underneath the Flash movie or layer, to show through all the transparent portions of the movie. This allows you to overlap the movie with other elements of the HTML page. Animation performance might be slower when you use this value.
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