Here are a few of the highlights that were talked about at the summit:
Amazon.com, one of the clear Web 2.0 world leaders, now sees its future in the Web services subscription and storage business. The evidence? It is now using nearly two-thirds of its available bandwidth for that part of the business—even though its stores continue to process thousands of transactions a minute.
Cloud computing for large enterprises is a dead duck, in the opinion of several venture capital firms.
The current slowdown in the U.S. macroeconomy is definitely going to hurt the IT industry, as it will most of the nation's businesses, for at least the next year and most likely into the next two years.
The major pharmaceutical companies are fast becoming glorified marketing and sales organizations, and if they aren't careful, they could soon become irrelevant as consumers move more and more toward generic brands. Biotech companies are "where the biopharm[aceutical] money is at," one astute observer said.
Nothing really earth shattering
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