• Reuters, Thursday, November 17, 2005 11:32 AM

Executives at the San Jose TechNet Innovation Summit say the online re-revolution is just beginning (again), once even faster Internet access is made available in the United States and other countries. "Web 2.0 is broadband. Web 3.0 is 10 gigabits a second," Netflix CEO Reed Hastings said at the show (broadband is 2-3 gigabits per second). Crucially, for companies like eBay, the Internet has evolved into a communications service that allows buyers and sellers to conduct business more cheaply and quickly, without the inefficiencies of the supply chain.

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