Thanks. But this is not the “outline” problem (I found plenty of references to that problem while googling an answer for this one) It is actually the flash stage is being rendered larger than the size specified in the “width” and “height” parameters of the object tag.
The weirdest thing is it renders perfectly in all the following scenarios:
Firefox, when it is hosted locally (on the file system or on the localhost server)
Chrome, when hosted locally
Chrome, when hosted on my remote server

But when hoted on my remote server and run in Firefox it enlarges the Flash stage by 64 pixels width and 25 pixels height (gray is the html background color – white is the Flash stage color) :
