Google's Presently Working on...

A web-based presentation software which will be added to its existing suite of Google Docs & Spreadsheets. With this Google will have an online competitor for the three major MS Office components (Word, Excel, and PowerPoint)

The main benefit that Google boasts of is the collaboration aspect. I assume users will be able to view and edit the presentation online at the same time, and it'll have a chat area included to facilitate collaboration.

Other advantages include access to the data from anywhere if you're connected to the Internet. You won't have to back up the files on every one of your devices. And on a minor level, storage will not be a concern.

"It does not have all the functionality nor is it intended to have all functionality of Microsoft Office," he said, but quickly added, "It seems to be a better fit to how people use the Web."
- Eric Schmidt, CEO, Google

Teaser: Google's Q1 earnings will be announced tomorrow, so stay tuned
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