Analyst Mary Meeker is still a believer in the InternetMary Meeker, Internet analyst for Morgan Stanley (MWD: news, chart, profile), is still recommending Internet stocks. Her current picks are up 1 percent for the year, while the Nasdaq is off 8 percent, Meeker says.
Investors lost hundreds of millions of dollars during the Internet boom of several years ago as she boosted Morgan clients including HomeGrocer.com and Women.com.
"I'm not hiding out anymore," Meeker told Newsweek magazine. She surfaced four months ago as an author of her firm's "China Internet Report." As many as 25,000 copies have been printed, the magazine reported. Meeker sees China as the next frontier for tech.
She also had a hand in last week's Google (GOOG: news, chart, profile) stock offering, playing a crucial behind-the-scenes role helping Morgan Stanley win the designation of offering co-underwriter. The analyst is friends with the founders and often dines with them, the magazine reported.
Ever a cheerleader for the World Wide Web, Meeker said, "As far as the Internet is concerned, we're still in the second inning."
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