I do know, for a fact, that MS Office is Networkable.
First, you will have to be internet connected, then, via a modem/router, create a wireless network.
Since, MS Office 2007, you could network the apps of Office via the 'Cloud' of interconnectivity of wirelessly connected work-stations.
You should, really, check out the Microsoft Office Web-site for all the FAQs about how to properly network MS Office. Also, the 2010 version is about just around the corner in its availability(retail that is).
Doing the load up of one different program at a time for each workstation might just work. Word on the first, Excel on the second and, Presentation on the third.
Or, having to buy extra licenses in order to be able to install office for each workstation you currently have onto your Home Network, might be required.
Good luck with this project. 
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