News and Trends: Morgan Stanley technology analyst who gained renown for predictions on Internet growth in the 1990s, Mary Meeker, has announced that she is leaving the bank to join venture capital firm Kleiner Perkins Caufield & Byers as a partner.

In a statement, 51-year old Meeker says, “We’re at the beginning of another great wave of tech innovation and I am incredibly excited by the opportunity to help the next generation of Internet technologies and leaders.”

Dubbed “Queen of the Net” by Barron’s in 1998, in her new capacity, Meeker will be based in California’s Silicon Valleyand will travel frequently to New York and Asia.

Meeker is an authority on mobile commerce and has gained a reputation as being amongst the top in her field.

“Mary was an early supporter of some of the biggest technology investment winners of the past 20 years,” Kleiner Perkins partner John Doerr said in the statement. “Her advice and support are already highly sought after by entrepreneurs and in this new role, she will be able to spend even more time providing more direct assistance.”

Source: Bloomberg