[CS4 AS2] Format link within text

I’m hoping I can find an answer to this question… Otherwise, the only solution I can think of is going to be ugly…

I’m setting up a page where a user can enter a news item for their site. It is XML driven, with the XML coming from a PHP/MySQL page.

One of the nodes is NEWS, and it contains plain ol’ text. But, here is my question, what if the user embeds a URL within this text? Can this URL be found and converted into a clickable link on the Flash page?

Thanks for any help on this topic!