“Although it’s still considered a work in progress, Google’s online spreadsheet will offer consumers and businesses a free alternative to Microsoft’s Excel application – a product typically sold as part of the Office software suite that has been a steady moneymaker for years“
It is difficult to compete with free, especially when you make most of your money selling Office.
Not that Microsoft are going anywhere soon – they own the enterprise space, an area in which Google haven’t made significant inroads. And while home users may willingly surrender some control to third-parties, business is far less likely to do so.
Still, this is yet another small cut…