Last week, Google hinted that Google Docs was about to launch an answer to MSFT’s Powerpoint.

I said that was nice and dandy, but it was hard to take Google Docs seriously until they capped doc size to 500 KB, for starters.  Nonetheless, Google gets a lot of good PR and all, but they have a long way of having any impact on MSFT’s core productivity system.

Today Yahoo! somewhat jumped ahead of Google with the $350M acquisition of Zimbra.  The company had raised $30.5M so this is a nice return for the VCs.

Surely Zoho is taking notes, it will be interesting to see where they will end up.

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