Projects - Flex Builder - Layout Absolute application

.mxml code:
<?xml version="1.0" encoding="utf-8"?>
<mx:Application
xmlns:mx="http://www.adobe.com/2006/mxml"
horizontalAlign="centre" verticalAlign="middle"
width="280" height="170"
>
<mx:Panel
title="My Application" layout="absolute"
width="220" height="90"
>
<mx:Label id="myLabel"
x="10" y="10" width="180"
fontWeight="bold" fontSize="24"
/>

<mx:Button
id="myButton"
x="60" y="10"
label="Click Me!"
click="myLabel.text = &apos;Hello World!&apos;;"
/>

</mx:Panel>
</mx:Application>

html code:
<object classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000"
id="layoutAbsolute" width="280" height="170"
codebase="http://fpdownload.macromedia.com/get/flashplayer/current/swflash.cab">
<param name="movie" value="layoutAbsolute.swf" />
<param name="quality" value="high" />
<param name="bgcolor" value="#869ca7" />
<param name="allowScriptAccess" value="sameDomain" /><embed src="layoutAbsolute.swf" quality="high" bgcolor="#869ca7"
width="280" height="170" name="layoutAbsolute" align="middle"
play="true"
loop="false"
quality="high"
allowScriptAccess="sameDomain"
type="application/x-shockwave-flash"
pluginspage="http://www.adobe.com/go/getflashplayer">
</embed> </object>