TextField with the textdirection vertical

Hello,

I have created a textfield in actionscript but I want the textdirection vertical.
for instance I have this text: Hello World then I want rotate this 90 degrees CCW. What I don’t want is like this:
H
E
L
L
O
etc.
Here is my code for the textfield.


// be sure this is pointing to a ttf font in your hardrive
[Embed(source="C:\WINDOWS\Fonts\verdana.ttf", fontFamily="foo")] 
var bar:String;
                  
var format1:TextFormat          = new TextFormat();
format1.font              = "foo";
format1.color                = 0xFFFFFF;
format1.size                 = 130;
    
var label:TextField         = new TextField();
//label.embedFonts            = true;
label.autoSize              = TextFieldAutoSize.LEFT;
label.antiAliasType         = AntiAliasType.ADVANCED;
label.defaultTextFormat     = format1;
label.text                  = "Hello World!";
label.rotation = -90; //THIS DOESN'T ROTATE MY COMPLETE TEXTFIELD. 
addChild(label);

Or can this only be realized with a mc? I should like to create it with actionscript 3.0

Nico