The document discusses trends in technology spending and access in K-12 education from 1997-98 to 2002-03. It shows increases in areas like internet use by teachers, schools with websites, and classrooms with internet connectivity. It then outlines emerging technologies like internet2, wireless networks, handheld devices, and potential applications in education like digital note-taking and interactive learning. Challenges discussed include keeping pace with students' technology skills and developing new forms of assessment.