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Frequently Asked Questions about SharePointâ„¢ Team Services (brought to you by Mike Walsh, Helsinki, Finland).
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Expand/Collapse Q : 1. - What is SharePoint Team Services? ‎(1)
SharePoint Team Services (STS) is a quick way to provide a web site to enable a project team / department to store and categorize its documents and links in one physical location and to find them easily. It also provides limited announcement, contact and discussions possibilities for the team / department.
http://www.microsoft.com/frontpage/sharepoint/fastfacts.htm

Expand/Collapse Q : 2. - What is the difference between STS and SharePoint Portal Server (SPS)? ‎(1)
For each company you are likely to have one SPS site for several (maybe hundreds) STS sites.

The documents available via an STS site have been saved into the site by the users of that site. The documents available via SPS have been stored into any number of different places (network resources; Exchange Public Folders; Lotus Notes databases; etc.) and SPS goes out and searches for them before providing links to them for its users.

SPS is customized by the use of WebParts. STS is customized with the STS user interface; FrontPage and by editing XML and HTML etc code.
http://support.microsoft.com/directory/article.asp?id=kb;en-us;Q288272

Expand/Collapse Q : 3. - Does Microsoft have an official table comparing STS and SPS ? ‎(1)
Yes. This is at the bottom of an MS FAQ.
http://www.microsoft.com/frontpage/sharepoint/faq.htm#_GENERAL_Q&A

Expand/Collapse Q : 4. - What do I need to pay for if I install STS ? ‎(1)
There are two (possibly three) components

i) Operating System (today, typically Windows 2K Server)

ii) FrontPage 2002 (a version that contains STS) or an Office XP (in a version that contains STS). NOTE that the purchase of one of these is required for licensing purposes; you do not in fact need to actually install FrontPage 2002 or Office XP.

iii) SQL Server 7.0 or SQL Server 2000.

The above assumes you are installing SQL Server on the same machine otherwise you'll of course need two copies of the Operating System.

Costs:

i) OS - standard costs

ii) Front Page - no CALs required (see this link:

http://www.microsoft.com/frontpage/sharepoint/faq.htm#_GENERAL_Q&A

iii) SQL Server choice of CALs or more expensive SQL Server version

"1. SQLServer + CALs
2. Purchase a SQLServer server license. The SQLServer server license
is $4.9k per CPU and allows you to have an unlimited number of clients."

This entire information is provided without any guarantee as to its accuracy ! (With MS pricing nothing is that clear)
http://www.microsoft.com/frontpage/sharepoint/faq.htm#_GENERAL_Q&A