Queen of the Net Quits Morgan Stanley

by Derek Loosvelt | November 29, 2010

Mary Meeker, the Morgan Stanley analyst who made a name for herself covering tech companies during the Internet boom and bust, is leaving the investment bank and joining Kleiner Perkins Caufield & Byers, a formidable venture capital firm based in Menlo Park, Calif. (of which former Secretary of State Colin Powell is a strategic general partner).

Meekers was "one of the first Wall Street analysts to cover companies such as Dell, Microsoft, Intuit, AOL, Netscape, Yahoo!, Amazon.com, eBay, Google and Alibaba," according to a Morgan Stanley press release announcing her departure. "Most recently, Mary’s provocative, leading-edge observations about the growth of the mobile Internet -- as detailed in the technology/media/telecom teams' Mobile Internet Report -- have gained the attention of investors and clients globally."

Scott Devitt, an analyst who joined Morgan Stanley from Stifel Nicolaus in 2009, "will be assuming sole coverage of the U.S. Internet sector" for the firm.

Filed Under: Finance


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