Thu08272015

News

Enchanté plaza remains open to the public

Enchanté plaza remains open to the public

Alicia Castro/Town Crier
The plaza area at Enchanté Boutique Hotel now serves drinks and small plates.

The Los Altos City Council Aug. 25 voted unanimously in favor of Enchanté Boutique Hotel serving beverages and small plates to the public on t...

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Schools

Mountain View High launches Bring Your Own Device program

Mountain View High launches Bring Your Own Device program


Megan V. Winslow/Town Crier
Mountain View High School staff distribute Chromebooks to students last week. The school is rolling out the Bring Your Own Device program this year, which gives students and teachers around-the-clock access to laptops.

Mo...

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Community

'Rock Back the Clock': End of an era, beginning of new one

'Rock Back the Clock': End of an era, beginning of new one


Town Crier File Photo
Time has run out for “Rock Back the Clock,” the 1950s-themed dance party at Rancho Shopping Center.

After 25 successful years, the “Rock Back the Clock” Committee has decided to end the annual 1950s-themed event held at R...

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Sports

Dean of the badminton court

Dean of the badminton court


Courtesy of the Tan family
Los Altos resident Dean Tan and mixed- doubles partner Jenny Gai stand on the podium shortly after winning the gold at the 2015 Pan Am Junior Badminton Championships earlier this month in Tijuana, Mexico.

Dean Tan began pl...

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Comment

Warning: Useless flood basin ahead

Our water and fire agencies receive much attention (and scrutiny) during the hot, dry days of summer – water for the lack of it and fire for its widespread destruction. During this extreme drought year, we are deluged with water conservation ma...

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Special Sections

A tale of two Los Altos love stories: Country club classic


Photos Courtesy of Kelly Boitano Photography
Lindsey Murray and Christof Wessbecher tie the knot in Los Altos.

Lindsey Murray and Christof Wessbecher grew up in parallel Los Altos orbits, never meeting – he went to St. Francis High School, sh...

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Business

Five thoughts on the current market correction

The 531-point drop in the Dow Jones industrial average Friday (Aug. 21) was certainly headline grabbing in its magnitude. It represented a one-day 3.1 percent drop in the index and resulted in a 10 percent correction from its high in May.

It’s compl...

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People

BRUCE CHARLES MEYER

BRUCE CHARLES MEYER

Bruce Charles Meyer, 81, died Wednesday, August 5th at his home in Carmel, California. He leaves his wife Valda Cotsworth and her daughter Katie Roos; his sons, Bruce and Joseph Meyer from his first marriage and his brother Gordon Meyer; four grand...

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Travel

Carmel Valley Ranch unveils upgrades

Carmel Valley Ranch unveils upgrades


Courtesy of Carmel Valley Ranch
Carmel Valley Ranch recently upgraded its Vineyard Oak suites, which feature sweeping views, rocking chairs and private outdoor tubs for soaking under the stars.

Things are heating up at Carmel Valley Ranch, with 30 n...

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Stepping Out

Open 'House'

Open 'House'


Kevin Berne/Special to the Town Crier
Anna Patterson (played by Kimberly King) accepts a drink from Michael Astor (Jason Kuykendall) in “The Country House.”

TheaterWorks Silicon Valley’s regional premiere of “The Country House” is scheduled to r...

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Spiritual Life

Los Altos native combines Judaism, social justice, advocacy

Los Altos native combines Judaism, social justice, advocacy


Los Altos native Gabriel Lehrman’s passion for Judaism, social justice and advocacy brought him to Washington, D.C., this summer for the Machon Kaplan Summer Social Action Internship program at the Religious Action Center of Reform Judaism.

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Inside Mountain View

MV actress/playwright Garvin wins NY festival award for

MV actress/playwright Garvin wins NY festival award for "Corners Grove"


Courtesy of Undiscovered Countries
Kaela Mei-Shing Garvin received a New York arts festival award for a featured role in “Corners Grove,” a play she wrote.

New York recognized that one of Mountain View’s own can “make it there” when the Planet C...

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Prepare for more stock volatility

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With the stock market down more than 450 points as we enter the final week before the presidential election, it’s interesting to recall that the Dow Jones Industrial Average was dropping quickly when John McCain was the Republican nominee four years ago.

When President Barack Obama was inaugurated Jan. 20, 2009, the Dow Jones Industrials registered slightly below 8,000. The market had experienced a one-day drop of 778 points the previous September, followed by three more big drops in October.

Today, concerns over disappointing earnings and economic worries in Europe could lead to the same type of volatility.

The “fiscal cliff” looms, with spending cuts and tax increases of up to $600 billion awaiting lawmakers in January. Many corporations have postponed their investment spending until Congress resolves the situation.

Investors should not expect to avoid disappointment in this economic environment, but they could tip the odds in their favor by purchasing stocks with sales momentum, improving profit margins and reasonable valuations.

The latest news on two Town Crier “50” stocks:

• Apple (AAPL; $604:00) announced its quarterly earnings Thursday, missing the forecast and falling short of estimates. For the fiscal quarter, Apple reported earnings of $11.75 a share on $52 billion in revenue. Analysts expected earnings of $15.43 a share on $55 billion.

Apple priced its much-anticipated iPad mini at $329, well above the $199 of similar-sized tablets offered by Amazon and Google. While some analysts worry about the price differential, Apple has previously succeeded at selling products at a premium compared with rival offerings. However, only 14 million iPad minis have been sold, below forecasts.

Analysts still consider Apple stock both a short- and long-term buy.

• Facebook Inc. (FB; $21.94) experienced its largest one-day gain last week, with the stock closing at $23.23, up 19 percent for the day but still a long way from its initial offering of $38. Revenue for the third quarter totaled $1.26 billion, a $325 million increase, compared with $954 million in the third quarter of 2011. As of Sept. 30, the company’s cash and marketable securities totaled $10.5 billion.

The improvement in Facebook stock’s performance is likely attributable to burgeoning sales in the mobile advertising market. Approximately $150 million resulted from Facebook ads appearing on mobile devices.

Employees and investors Monday became eligible to sell nearly 234 million shares of stock they’ve had to hold because of trading restrictions. Another 700 million shares will be unlocked Nov. 14. The increase in stock sales could cause the price to drop again. After the sell-off, the stock price should increase.

Analysts aren’t in unison when it comes to Facebook stock – a few recommend selling, but most suggest holding on, expecting the price to rise.

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