Hi Guys,
I ended up figuring this out. Although I forgot to mention that this was for a OnDemand Environment for a multi-tenant atmosphere which the server acts as a presentation server. Anyhow there's a registry key setting under HKEY_LOCAL_MACHINE\Software\Wow6432Node\SAP\SAP Manage that needs to be created called DirectExcelExport with a DWORD value of 1. For whatever reason the value of 1 caused excel to export incorrectly in the Text format shown above.
Otherwise switching this value to 0 allows SAP to export to excel in the correct format.
Regards,
Sarith