With the recent launch of Microsoft Office 2010, and the accompanying Office Web Apps, Microsoft now lets you work with documents in the cloud. But, while Microsoft may be the dominant provider of office productivity software, Google has the advantage when it comes to working with and collaborating on documents in the cloud.
Here is a brief overview of Google Docs applications, and their recently updated, real-time collaboration features.
http://www.pcworld.com/businesscenter/article/200269/collaborate_in_realtime_with_google_docs.html
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