The term has evolved over time, but it definitively had negative connotations, at least at the beginning.
From the Wikipedia article> This word comes from English dialect geek or geck (meaning a "fool" or "freak"; from Middle Low German Geck)... In 19th century North America, the term geek referred to a performer in a geek show in a circus, traveling carnival or travelling funfair sideshows (see also freak show).
That aside, the article is a good one and I have read it several times before and feel that it gets much right.