It can only happen when the sofatware does not support the file.
For example if someone trying to open .doc file in Ms Paint,it would not open because paint does not support Ms word properties.
And Your version if also Low To High (2003 to 2007).
You can try to save your file again and then try to open in Excel 2007.when you are saving the file check all the properties in the 'Save As dialog box'.Have a look in the 'Type in' box as well.
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