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Default Shared network Excel Files to open in Excel 2007

I have Excel files on the shared network drive that when one person has it
opened then I can not access it. The story is Excel 2007 begins to open the
file by letting me know at the bottom that it is contacting the network file
path then it says it is downloading. At this time it takes about 10 to 15
minutes before it even prompts me if it is going to open the file or let me
know that it is not accessible. I have passwords for the spreadsheets.
Could this be causing the problem? Or what else could be causing the no
sharing of files as read-only. I just want to open as read-only.
 
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