This paper concerns the computational aspects of the reconfigurable network model. The computational power of the model is investigated under several network topologies and assuming several variants of the model. In particular, it is shown that there are reconfigurable machines based on simple network topologies, that are capable of solving large classes of problems in constant time. These classes depend on the kinds of switches assumed for the network nodes. Reconfigurable networks are also compared with various other models of parallel computation, like PRAM's and Branching Programs.