Microsoft CEO Steve Ballmer announced while addressing a TechNet audience that Microsoft is hard at work developing a new version of Office Live for the cloud. While Ballmer clearly stated that Google was their main competitor (on the web), he wasn’t shy to comment on their approach to a mobile office.

When questioned about the future Office Live, He said that the current goals for Office Live are to enhance collaboration, while giving a streamlined mobile computing experience. While a part of this is already offered by Microsoft in the form of Office Life Workspace, and SharePoint server, he said that Microsoft wanted to bring a more streamlined, user oriented version of the product to the Web.

According to Ballmer:

…we want a solution that not only runs in a browser (Google Docs), but gives a feel and functionality of the full blown service, giving you access to full Office documents and programs to be able to share them…

Further details about the new service will be revealed at Microsoft’s Professional Developer Conference in Los Angeles on October 27, along with the official details on Windows Cloud and the alpha release of Windows 7.