Google announced plans today to launch a program that is similar to Microsoft’s PowerPoint program.

Google Chief Executive Eric Schmidt announced the software Today at a Internet entrepreneur conference. Schmidt also took the time to discredit AT&T and Microsoft’s claims that Google has an illegal monopoly in the online advertising market.

Google announced on April 13 that it would pay almost $3 billion to acquire DoubleClick Inc, one of the largest online ad management companies on the Internet. In response Microsoft and AT&T executives said the deal may violate anti-trust regulations.

Schmidt however, noting that both AT&T and Microsoft have had their share of antitrust skirmishes, responded, “Give me a break.”

“They’re wrong,” Schmidt said. “It’s false.”

The rhetoric comes as Microsoft and Google increase the competition to control how people use the Internet. Microsoft already commands the operating system, with an estimated 97% of all personal computers in the world using a version of Windows. But people are increasingly using the internet to determine their entertainment and shopping choices.

Google’s new presentation software will directly compete against Microsoft’s widespread PowerPoint software.

The details so far are sketchy, however it has been said that users will be able to store documents online and let anyone with a free Google account view the documents, spreadsheets or slide-shows online.

The presentation software is going to be a part of Google Docs & Spreadsheets. Google will give away two versions of the presentation software starting this summer, and it will sell a “Premier” version with extra storage for $50 per year.

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