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Flash is not an ideal tool for video compression (fine for cartoons but not video)..
Theres lots of video codecs out there for high compression.. Avoid quickslime (mainly due to its horrible player and install needs) I like H264 and XVid but for you thats probably not required and complex..
For ease of use and simple encoding try WMV (windows media video) its going to be readily viewable on the majority of machines and will compress easily with low user interaction.
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