"Buying Results, Not Someone Else's Opinion"

Hedge-fund manager Pat O'Neil explains why he pays attention to company performance rather than analysts' predictions

New investors should stay on the sidelines for now, but all market-watchers can look to a bright future in telecommunications stocks, says Pat O'Neil, president of Loring Investment and manager of the Loring Hedge Fund. O'Neil thinks technology stocks might be near a bottom, and on the basis of earnings results he likes Dell, eBay, and Intel.

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