The new standards battle....although I think Google is clearly the front-runner here -- especially painful in a world where network effects lead to winner-take-all markets. -- KM

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Microsoft finally unveils its answer to Google Docs — After months of speculation about what it would do to stave off potential encroachments on its Office turf by Google Docs & Spreadsheets, Microsoft has spelled out its strategy: Office Live Workspace. — Office Live Workspace is …
Source: All about Microsoft
Author: Mary Jo Foley
Link: http://blogs.zdnet.com/microsoft/?p=762
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