New to action script

hi ,

i am new to action script and had a task to complet e.

i am loading a text file from my local system and displaying it in flex in text area .
The text file contains data like “1000”\011"finanacial" “1100”\011"reserved".

i have to remove 011 and get two strings separatley 1100 , reserved .

i am writing an mxml file with action script embedded.

can u please tell me how i can do the above using a actionscript.

thanks in advance .