Table: How Meeker's Calls Rate
Her stock-picking has been mixed. Among the 21 Net stocks she has recommended, nine are trading below their IPO prices--or were acquired at less than their IPO price. Here's a sampling of her picks:
IPO MEEKER'S MORGAN COMPANY PRICE* PRICE RATING IPO COMMENTS
AOL TIME WARNER $.09 $43 Strong buy No With AOL's purchase of Time Warner, Meeker's long-held faith in the No. 1 consumer online service paid off.
AMAZON.COM 1.50 14 Outperform No Other analysts believe Amazon is headed for a cash crunch, but Meeker thinks the cyberstore can persevere.
ASK JEEVES 14 1 Neutral Yes Meeker downgraded the search engine, but only after it warned of disappointing earnings in December.
EBAY 3 40.75 Outperform No Meeker scrambled to cover the online auction leader on the day it went public after Morgan missed handling its 1998 IPO.
PRICELINE.COM 16 3.5 Outperform Yes The name-your-price travel site botched its expansion. Meeker concedes she mis- judged the size of the market.
* Adjusted for splits
Data: Thomson Financial Securities, Bloomberg Financial Markets, BusinessWeek