Fri08222014

News

Electrical shutdown scheduled today, tomorrow

PG&E is installing new electrical service to the 400 Main St. development project today, which will require the temporary interruption of electric services to several businesses located on First, Main and State streets in downtown Los Altos. PG&a...

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Schools

Community support pays dividends

Community support pays dividends


As a recent cover story in The New York Times Magazine revealed, getting low-income students into college is not enough to close the achievement/income gap. The percentage of low-income students entering college who actually earn a degree lags far ...

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Community

War veteran to visit D.C. memorial on Honor Flight

War veteran to visit D.C. memorial on Honor Flight


Ellie Van Houtte/Town Crier
Los Altos resident and World War II vet Earl Pampeyan is preparing for an Honor Flight trip to Washington, D.C., next month.

Los Altos resident Earl Pampeyan is scheduled to fly to Washington, D.C., next month to vis...

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Sports

Making a splash

Making a splash


Courtesy of Clarke Weatherspoon
Stanford Water Polo Club’s under-14 boys team earned the bronze medal at the Junior Olympics. Front row, from left: Corey Tanis, Larsen Weigle, Nathan Puentes, Walker Seymour, Alan Viollier and Jayden Kunwar. B...

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Comment

Whom can you trust?: Haugh About That?

Waving my pink poodle skirt with all the fervor of a matador preparing to tease a raging bull, I blinked my 20-year-old eyes and gave a come-hither look to indicate, “I’m ready!” Little did I know that the blind trust I had in this ...

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Special Sections

Getting right by eating right: PAMF doctor's book addresses South Asian health risks

Getting right by eating right: PAMF doctor's book addresses South Asian health risks


Ellie Van Houtte/Town Crier
Dr. Ronesh Sinha, a physician at Palo Alto Medical Foundation, promotes healthful living among the South Asian population. His new book, “The South Asian Health Solution,” includes nutritious recipes.

When you think o...

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Business

From Google to First Street: Massage therapist sets up studio in downtown Los Altos

From Google to First Street: Massage therapist sets up studio in downtown Los Altos


Ellie Van Houtte/Town Crier
Upuia Ahkiong is slated to open Kua Body Studios next month at 106 First St. Ahkiong is sharing space with Evolve Classical Pilates.

A massage therapist with ties to Google Inc. is slated to open a new – and shared...

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Books

"Jack London" chronicles author's adventurous life


Much has been written about American author Jack London, primarily known for his early-20th-century Western adventure novels, including the classics “White Fang” and “The Call of the Wild.”

In Earle Labor’s biography of the literary icon, “Jac...

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People

TIMOTHY WARREN WATSON (TIM)

TIMOTHY WARREN WATSON (TIM)

Born June 2, 1935, died peacefully on August 11, at home in Mountain View, surrounded by his family. He died of complications of Parkinson’s Disease after a courageous 15-year battle.

Tim was the beloved husband of 55 years to his college sweethea...

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Travel

Bergama bound: A visit to newest World Heritage site

Bergama bound: A visit to newest World Heritage site


Photo Eren GÖknar/ Special to the Town Crier
The amphitheater in Turkey’s ancient city of Pergamon, now known as Bergama, overlooks the Bakirçay River valley, left. The city’s ruins also include the Temple of Trajan.

It was 90 F during t...

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Stepping Out

TheatreWorks offers 'Spoonful' of drama beginning this week

TheatreWorks offers 'Spoonful' of drama beginning this week


Kevin Berne/Special to the Town Crier
Three strangers – “Chutes & Ladders” (Anthony J. Haney, left), Odessa (Zilah Mendoza, center) and “Orangutan” (Anna Ishida, right) – come together in an online support group in TheatreWorks’ regional premie...

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Spiritual Life

Spiritual Briefs

Meditation group meets at Foothills Congregational

A Weekly Meditation Practice group meets 7-8:15 a.m. Tuesdays at Foothills Congregational Church, 461 Orange Ave., Los Altos.

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Magazine

Festival features fun for everyone

Festival features fun for everyone


TOWN CRIER FILE PHOTO
The Los Altos Arts & Wine Festival boasts more than 375 craft and arts booths.

This weekend’s 35th annual Los Altos Arts & Wine Festival promises to be jam-packed with fun activities for just about everyone. The eve...

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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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