This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Mary Meeker: A Love Letter to Net Queen

Mary Meeker, once called "the Queen of the Net," has gotten a bad rap for her bullishness on the sector earlier this decade. But it's time to set the record straight, commend her for her prescient work on the Internet sector and look at what she likes now.

For those who don't recall, or have blocked it out, Meeker was part of the triumvirate of superstar analysts in the late 1990s who rode the boom in the Internet all the way up and all the way down. The other two analysts were Henry "Let's put lipstick on this pig" Blodget and Jack "WorldCom" Grubman. Those two have been discredited and are out of the business.

Meeker, however, has survived, in large part because she saw the potential of the Internet from the beginning. And now, 12 years after her initial recommendation of AOL, when it was a split-adjusted 50 cents and had only 300,000 subscribers, it's pretty clear she has been right, and that the Internet's potential has arrived.

Many of the companies that Meeker recommended through the 1990s have continued to have remarkable success. Her comment from the 1990s when she was picking those stocks: "Go with the leaders. Remember Microsoft vs. Lotus; Cisco vs. Wellfleet; Dell and Compaq vs. Everex." Obviously, she was dead-on about these companies' viability, and she was right about the future of the Internet.

Meeker's writings have always expressed a tension between her role as a stock analyst where, for better or worse, you are judged on your short-term picks, and her role as "Queen of the Net."

It's the latter role that excited her the most, and the fulfillment of the vision she saw beginning with Yahoo! (YHOO), eBay (EBAY), and Amazon (AMZN) (and then Google (GOOG)).

It's interesting to note that in December 1999, she told Barron's: "I think there will be an e-commerce shake-out in the first quarter of 2000." This was right at the very peak, the middle of a feeding frenzy for Internet shares that lasted until the actual peak, in late first-quarter 2000.

1 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs