Apparently the problem is linked with Server 2008. The Excel application to be executed on server side triggers the security popup which is now present in MS OS, such as Win 7 and Vista. This is the dialog it appears to the users everytime they run an application and warns them about the damages a not trusted application might bring to their PC.
Obviously when the application, in this case Excel, is run by another application, in this case a web application,the dialog does not popup and the server does not get the authorization to run Excel.
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