Issue with flash objects hover menu as a link

I am having an issue with setting wmode to transparent for a flash
object. If the flash object is a regular flash object (not a link),
the hover menu works fine. But if the flash is a link; the menus
conflict with the menu links. It looks like you have to click twice
to get to the link if the link is within the menu.

My question are there ways to resolve this. Note: this is not just a
menu (link setup) over a flash object. It is a javascript menu with
links over a flash ...that happens to also be a link.

Example SWF file.

<object width="525" height="300" codebase="https://
download.macromedia.com/pub/shockwave/cabs/flash/
swflash.cab#version=7,0,19,0" classid="clsid27CDB6E-
AE6D-11cf-96B8-444553540000">
<param value="swf/file.swf" name="movie"/>
<param value="high" name="quality"/>
<embed width="200" height="300" type="application/x-shockwave-flash"
pluginspage="https://www.macromedia.com/go/getflashplayer"
quality="high" src="swf/file.swf" wmode="transparent"/>
<param name="wmode" value="transparent"/>
</object>