Google CEO Eric Schmidt confirmed at the Web 2.0 Expo yesterday that Google will soon release a slideshow application for Google Apps. The slideshow application is viewed as the “missing link” in Google’s office productivity suite (which currently includes Docs and Spreadsheets) and allows it to compete more effectively with Microsoft Office.

Schmidt downplayed the competition with Microsoft, however, saying

“I don’t think we compete with them. We’re not as fully functional as MS Office — we’re more in line with how people use the web than how they use the desktop.”

But he later conceded that Google Apps is a viable alternative to Microsoft Office for people who “use the web a lot.”

Oh… thooose people.