Internet, a network of computers, is creating a turbulent but exciting environment for universities and academicians. Concept of any place any time teaching is becoming a reality. What started as distance learning is becoming an internet based learning. Many universities like the University of Phoenix, NOVA, Ziff-Davis have already started full scale course and in some cases degree offering on the web. In many cases, these universities are virtual and do not even maintain a physical presence in the area of their course offerings. This is providing intense competition to traditional schools. Universities are revising curriculums to include internet related courses and offering some of these courses on the web.