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If the code is in java or javascript or flash much less chance of being indexed, if any.
Im no expert, but im not aware of any way to deliver scrolling text without it being via one of the methods above or something more complex which is beyond me and possible SE spiders too.
If it is JS then I dont this it is possible to have it visible to a spider. (yet)
I just did a few Google searches for "scrolling ticker" I found a page that has very little other content apart from the ticker. I then copied the address into the Google search bar and did a search for it. The snipped did not have any content from the ticker. Just the page title and some other page content.
Mack.
My ticker is in a seperate file (ticker.asp) not the actual homepage so I guess that would have to change in any case to get picked up if it was possible which it appears it isn't. (do I sound confused?)
Interesting that marqee text had success with this?
While we're at it I presume that the further up the page the text is the better? I have a footer with some nice keywords/phrases in but I wonder how effective it is.