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It's no secret that Google, Inc. (NASDAQ: GOOG) is trying to undermine Microsoft Corp.'s (NASDAQ: MSFT) software business at every turn. Although Google continues to be non-chalant about it, the company's "software as a service" approach to competing with Microsoft's established "software on your PC approach" is popular in many circles, but still doesn't seem to be affecting Microsoft's revenue stream.Microsoft's Windows Vista is the pre-installed operating system on almost every PC sold in the world, and its corporate selling of the Microsoft Office package continues to be one of the company's cash cows, even with similar competitive software given away for free. One of Microsoft's corporate staples is its Exchange Server product, which lets all those installations of Outlook on millions of business desktops access company email. What if all those copies of Outlook could be using email, calendaring and contact management from Google's freely available Gmail service?
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