Stephen Elop, President of Microsoft‘s Business Division, made a suggestion at the Web 2.0 Expo in San Francisco. This suggestion pointed to Microsoft exploring methods of bringing their Office suite of applications to the iPhone.

Rumors have been going around for about 12 months of the subject. Through this time, there are applications available that are capable of modifying office files, such as documents or spreadsheets although nothing ‘Microsoft’. Quickoffice is one such application that will be available in April.

Elop discussed a few other matters as well as the comment regarding iPhones. He noted that of the 500 million people who use Office, only 250 million actually pay for it. Elop said that the main fear for Microsoft was of innovation slowing down explaining, “it’s not about having bolding or underlining in the browser… The real threat is if we’re not continuing to innovate.” This level of innovation being the development of online options for Office products as well as moving on to the iPhone.

[via TechCrunch]