Symptom: upon double clicking an Excel document to open, Excel starts but does not open the document immediately. If you minimize the window then it will re-appear and then open the document.
Likely cause: bad addins, in my case it was PDFMaker.xla
Delete the addin from the following locations:
- C:\Documents and Settings\USERID\Application Data\Microsoft\Excel\XLSTART
- C:\Program Files\Microsoft Office\Office12\XLSTART
Result: Excel opens document immediately.