Errors in your registry are one of the common causes for incorrect file associations on your windows system. It is highly recommended that you check your registry for file association errors (will also check for any other registry errors).
The PPS file type is primarily associated with 'PowerPoint' by Microsoft Corporation.
If you do not have PowerPoint, Microsoft has a free PowerPoint viewer. Use their download site to search for it.
Another option is to use the free OpenOffice.org office suite. The presentation portion of the suite can both display and edit PowerPoint presentations.
Other office suites can also display PowerPoint presentations (e.g., Wordperfect) so if you have one of those installed, try that first.
Detailed information for file extension PPS:
Primary association: PowerPoint
Company: Microsoft Corporation
Mime type: application/vnd.ms-powerpoint
Program ID: PowerPoint.SlideShow.8 , PowerPointViewer.SlideShow.11 , soffice6.pps
Related links: Microsoft Office Download Site, OpenOffice.org Suite, Zoho Viewer (Web Viewer)
Other applications associated with file type PPS:
ArcView (Processing Set Codes) by ESRI