Fri11282014

News

VTA plans for  El Camino Real prompt skepticism

VTA plans for El Camino Real prompt skepticism


Ellie Van Houtte/Town Crier
A Valley Transit Authority proposal to convert general-use right lanes on El Camino Real to bus-only use received a chilly reception last week.

A Valley Transit Authority proposal that prioritizes public transit alo...

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Schools

MVHS students attempt Guinness World Record

MVHS students attempt Guinness World Record


Barry Tonge/Special to the Town Crier
Local residents participate in an attempt to break the Guinness World Record for making the most friendship braceletsNov. 9 at Mountain View High.

More than 300 Mountain View High School students gathered around...

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Community

Bigger, better days ahead for Foothill Veterans Resource Center

Bigger, better days ahead for Foothill Veterans Resource Center


Student veterans at Foothill College can seek support, access resources and socialize at the Veterans Resource Center.
Ellie Van Houtte/Town Crier

Carmela Xuereb sees bigger things in store for the Foothill College Veterans Resource Center. One...

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Comment

Serving those who served us: Editorial

“Thank you for your service” often comes across as lip service to our veterans. As always, actions speak louder than words.

The Rotary Club of Los Altos has taken plenty of action, contributing time and money to improve opportunities for veterans th...

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Business

Report: Los Altos homes priciest in U.S.

Report: Los Altos homes priciest in U.S.


ToWn Crier File Photo
The average cost of a four-bedroom, two-bathroom home in Los Altos is 30 times more than the price of a similar home in Cleveland, according to a Coldwell Banker report.

The average cost of one Silicon Valley home can purchase ...

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Books

Children's author signs books at Linden Tree

Children's author signs books at Linden Tree


Author Tiffany Papageorge is scheduled to sign copies of new her book 11 a.m. Dec. 6 at Linden Tree Books, 265 State St., Los Altos.

Papageorge’s “My Yellow Balloon” (Minoan Moon, 2014) is a Mom’s Choice “Gold” winner. In the book, the Los Gat...

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People

RICHARD CAMPBELL WAUGH

RICHARD CAMPBELL WAUGH

Richard Campbell Waugh of Los Altos Hills, Ca. died at home October 31, 2014 surrounded by his family and caregivers.

Dick was born 1917, in Fayetteville, Arkansas. He earned a BS in chemistry from University of Arkansas and a PhD in organic chemi...

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Travel

Weekday Wanderlust highlights the joys of armchair travel

Weekday Wanderlust highlights the joys of armchair travel


Dan Prothero/Special to the Town Crier
Travel writers at the October gathering of the Weekday Wanderlust group include, from left, James Nestor, Kimberley Lovato, Paul Rauber, Marcia DeSanctis and Lavinia Spalding.

Travel writing should either ̶...

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Stepping Out

Pacific Ballet's 'Nutcracker' opens Friday in downtown Mtn. View

The Pacific Ballet Academy is back with its 24th annual production of “The Nutcracker,” scheduled this weekend in downtown Mountain View.

The story follows young Clara as she falls into a dream where her beloved nutcracker becomes the daring prince ...

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Magazine

Christmas At Our House home tour celebrates 26 years

Christmas At Our House home tour celebrates 26 years


Courtesy of Christopher Stark
Homes on the St. Francis High School Women’s Club’s Christmas at Our House Holiday Home Tour showcase a variety of architectural styles.

The days grow short on sunshine but long on nostalgia as the holidays approach...

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Playing the stock market is like driving in the rain

Stock Report

Playing the stock market in today's market place is like driving in the rain with a slow windshield wiper. You have to look closely at where you're going and make sure your seat belt is hooked.

After a good previous week, the Dow dropped 110 points to 10,734, but the Nasdaq increased 217 points to 3,860. The Town Crier stock index jumped 10.50 percent for one of its best results in weeks.

Technology companies reporting earnings, or good future prospects, provided positive valuations. Leading the increases for the week were: Apple Computer, up 6 points; Adobe Systems, 8; Applied Materials, 17; BEA Systems, 11; Intel, 20; KLA-Tencor, 9; Network Appliance, 17; Rambus, 63; Varian Semiconductor, 27; and Yahoo!, 7 points.

Town Crier stocks making the news this past week were: Input Software, which changed its name to Action Point and was down 33 percent; and BEA Systems and Elantic, which split their stocks, 2-for-1.

Of interest to holders of technology issues, Barron's conducted a big money poll on what the bulls and bears expect to happen the rest of this year.

The bulls view the current turmoil as only a correction and not the beginning of a bear market. They expect the Dow to finish the year at 11,077.31 and the Nasdaq at 4,996.59.

On the other hand, the bears believe the market correction will continue as stock valuations remain too high. The bear market will start when the majority of investors consider the market to be a buying opportunity.

The bears expect tech stocks to continue to tumble and drag the Dow down.

That will put pressure on the dollar and with the Federal Reserve increasing the interest rates May 16, it can lead to a recession next year.

The favorite stocks of the majority of the money managers were Cisco, at the top of the list, followed by Intel, General Electric and Microsoft.

Looking at present conditions, this columnist predicts that tech stocks will continue to rise because alternatives are less attractive.

Noel, a seasoned investor, covers the stock market for the Town Crier.

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