Is it possible to compress a 90 mb file into 25 mb?

This film director wants to fit this one movie trailer file in his mailbox I suppose, he wants me to  compress this movie trailer from 90mb to 25mb.  Can I perform this on the CS4 export page? If so, what are some possible configurations to select?
If not, what are some third party softwares? DIVX ?

You might look at Flash Export, and adjust the bit-rate down a bit.
I would rather rely on something like YouSendIt, or an FTP site, where the director could download a higher bit-rate version, but that is just me.
Good luck,
Hunt

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