Tue08192014

News

Candidates finalized for schools, councils

Candidates finalized for schools, councils


Election season is officially in full swing, as eligible candidates for various city council and school district seats met Friday’s filing deadline set by the Santa Clara County Registrar of Voters.

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Schools

Local tutoring center earns kudos in parent magazine's reader poll

Local tutoring center earns kudos in parent magazine's reader poll


Courtesy of Kobad Bugwadia
Mathnasium’s fourth-grade participants, from left, Jenna Haynie, Maelle Allanic, Tanish Gupta, Hamza Raza and David Chan, join instructors to celebrate their achievements in the tutoring center’s national TriMathlon this ...

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Community

Back to School: Tips, kits and a poem

Back to School: Tips, kits and a poem

Los Altos teachers are readying their rooms this week for the coming onslaught of students, and parents are digging back out lunch boxes and pencil cases (do we still use those?) And here in the newsroom, Town Crier writers offered a slate of back-to...

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Sports

Tyler Johnson: From hills to Heat

Tyler Johnson: From hills to Heat


Courtesy of NBAE/Getty Images
Shooting guard Tyler Johnson, a St. Francis High graduate from Mountain View, signed with the Miami Heat last week.

Signed by the Miami Heat as an undrafted free agent last week, rookie Tyler Johnson faces an uphill ba...

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Comment

Really, why the, eh, consolidation?

The recent merger (consolidation?) of the newly formed Friends of Los Altos (FOLA) and the 14-year-old civic organization Los Altos Neighborhood Network (LANN) left us puzzled.

A July 28 press release, which did not state plainly that the merger fol...

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Special Sections

Globetrotting – one glass at a time

Globetrotting – one glass at a time


Christine Moore/Special to the Town Crier
Take a tour of the world from your own picnic table with a selection of regional wines, above. Argentina’s white wines, left, pair well with a choriza pizza (see recipe on page 35).

I’m taking a...

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Business

Torrey Pines Bank names regional president

Torrey Pines Bank names regional president


Ellie Van Houtte/Town Crier
Torrey Pines Bank recently named Fred Voss its regional president for the Bay Area. The bank has branches at 20 First St. in Los Altos, above, and in Oakland and Southern California.

Torrey Pines Bank last week appointed ...

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Books

People

SHERRY DYCE BARBA

SHERRY DYCE BARBA

Sherry Dyce Barba, dear wife of Peter Barba, and a longtime resident of Los Altos, passed away peacefully on July 27, 2014, at The Forum, in Cupertino. She was surrounded by loving family members and visited continuously in her last weeks by a legi...

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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

No ‘Water’ shortage in Mtn. View


Kevin Berne/Special to the Town Crier
Elliot (Miles Gaston Villanueva) struggles to understand Odessa’s (Zilah Mendoza) online activity in TheatreWorks’ regional premiere of the Pulitzer Prize-winning drama “Water by the Spoonful....

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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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Obama invites lawmakers to White House

After Tuesday’s election, stocks turned downward with the Dow Jones industrial average moving to its lowest level in more than four months.

Uncertainties over the potential “fiscal cliff,” a fresh round of worries concerning European countries and less-than-impressive corporate profits in the third quarter continue to weigh on stocks in the near term.

However, investors should not let headlines chase them away from quality stocks. The election proved a reminder of the deeply partisan divide on Capitol Hill and across the country. Friday, President Barack Obama invited business and congressional leaders of both parties to the White House for a talk on avoiding the fiscal cliff.

What the politicos in Washington do next will be critical for the market, as legislators put their stamps on the tax increases and spending cuts that will take effect in the new year unless a deal to avert the increases is reached.

Most importantly, the country could slide into recession next year and unemployment could rise without a compromise. For a safety measure, I still recommend approximately 15-20 percent of equity portfolios in a short-term bond fund.

News of local firms the past few weeks:

• Yahoo Inc. (YHOO; $17.51), the digital media company, has been drawing attention since Marissa Mayer became president and CEO.

Last week Yahoo announced a deal with Wenner Media, an entertainment media company that publishes Rolling Stone, US Weekly and several other national magazines. Though Mayer is focusing on product development, she is not ignoring opportunities to overcome Yahoo’s struggles to compete with Google Inc., Microsoft Corp. and Facebook.

Yahoo recently announced better-than-expected third-quarter results with earnings up year to year, exceeding the consensus estimate by 11 cents. Gross profit margin for Yahoo is high, coming in at 78 percent.

Numerous analysts, actively watching Yahoo, continue to suggest a “Hold and Watch” status but are looking for an increase in the share price.

• Microsoft Corp. (MSFT; $28.31) sold 4 million upgrades to Windows 8 since its debut Oct. 26. That puts it ahead of the pace set by Windows 7.

CEO Steve Ballmer said, “The launch of Windows 8 is the beginning of a new era at Microsoft.”

Microsoft announced Nov. 7 that it signed patent licensing agreements with five different companies that include camcorder, digital camera and Android tablet manufacturers.

Two weeks ago Microsoft reported quarterly revenue of $16.01 billion for the quarter that ended Sept 30. Microsoft dividends pay a 3.20 percent yield, and the market value of its stock is $242.4 billion. That puts Microsoft in a position to purchase many companies. Microsoft is a long-term and short-term Buy.

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