The excel reader classes just use the last known value of a formula
cell instead of recalculating the actual value. If I understand what
you mean by linked xls files, cells that reference other documents,
the same holds true that it just uses the last known value that's
saved off along with the cell. They also don't currently support xlsb,
xlsm, and some other format options like encrypted files, etc.
Bruce Dunwiddie