Tue02092016

News

Mountain View braces for Super Bowl crowds

Mountain View braces for Super Bowl crowds


Graphic Courtesy of City of Mountain View
The purple parking lots above indicate where paid parking for the Super Bowl is allowed in downtown Mountain View. Other lots are open but still carry three-hour time constraints.

Downtown Mountain View wil...

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Schools

Los Altos High student hopes to bring animal therapy to school

Los Altos High student hopes to bring animal therapy to school


Courtesy of Christine Lenz
Los Altos High junior Riley Fujioka, left, works with Animal Assisted Happiness program manager Simone Haroush-van Dam.

Research affirms that the therapeutic effects of animals help reduce stress in humans, and one Los Alt...

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Community

Sports

Panthers outpace Priory

Panthers outpace Priory


Shirley Pefley/Special to the Town Crier
Pinewood’s Matt Peery lays up the ball in Friday’s win over Woodside Priory. Peery paced the Panthers with 19 points.

While height helps, the Pinewood School boys are proof that basketball is not ...

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Comment

From the City Manager's Desk: Fulfilling our mission

 

For those of us who work for Los Altos, the mission is “to foster and maintain the city of Los Altos as a great place to live and to raise a family.” The city’s employees take this mission seriously and – individually ...

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Special Sections

'Machos': Middle Eastern nachos ideal for Super Bowl

'Machos': Middle Eastern nachos ideal for Super Bowl


Photos Courtesy of Blanche Shaheen
Blanche Shaheen, above with her brother Issa, shares her Middle Eastern take on nachos – ideal for a Super Bowl party. Shaheen’s “Machos,” right, feature feta, tahini sauce, Persian cucumbe...

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Business

Businesses on Main Street make moves

Businesses on Main Street make moves


Alicia Castro/Town Crier
Several stores on Main Street in downtown Los Altos are in the midst of changing hands.

In the coming months, Main Street will welcome several new businesses to fill empty storefronts.

Jennifer Quinn, the city’s econo...

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People

ROSEMARY FRASER

Rosemary Fraser, age 81, a long-time resident of the Los Altos/Palo Alto area, died peacefully Friday, the 22nd of January at her home. It was a sudden death; hypertension was the underlying cause.

Born in 1934 in Florence, Arizona, Rosemary enjoyed...

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Stepping Out

West Bay Opera tackles Tchaikovsky's 'Onegin'

West Bay Opera tackles Tchaikovsky's 'Onegin'


Otak Jump/Special to the Town Crier
Olga Chernisheva and Silas Elash perform in West Bay Opera’s “Eugene Onegin.”

The West Bay Opera production of “Eugene Onegin” is scheduled Feb. 19-28 at Lucie Stern Theatre, 1305...

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Spiritual Life

How to cultivate childlike faith in a grown-up world

And Jesus said: “Truly I tell you, unless you change and become like little children, you will never enter the kingdom of heaven.”

– Matt. 18:3

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Inside Mountain View

New right-to-lease ordinance promises relief for renters

New right-to-lease ordinance promises relief for renters


Mountain View Tenants Coalition/Facebook
Residents gather in the fall to protest Mountain View’s rising rents. Rent relief is on the way in the form of a new ordinance.

A controversial Mountain View law requiring landlords to provide lease opt...

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Spending cuts: Too soon to tell or sell

Federal spending cuts of $85 billion that went into effect March 1 are a factor for investors, as stock traders are watching whether the Dow Jones industrials can make another run at the record.

The Dow came within 15 points of its all-time high, closing Thursday at 14,164.

Stocks ended February with a gain after two strong sessions during the week. Historically, a positive January and February suggests a positive year for stocks. Now that the spending cuts have kicked in, businesses, consumers and investors have yet to appear concerned.

Is the primary trend bullish or bearish? With the Dow transports hitting an all-time high and industrials within striking range, the outlook is clearly bullish. Yet the gains do not necessarily guarantee a good year for stocks.

Another area to watch is the sentiment of the country. Surveys of individuals, newsletter editors and portfolio managers reveal an above-normal level of optimism. However, pockets of weakness and uncertainty in the economy underscore the risks inherent in any stock investment. Given the market’s recent strength and the possibility of disappointing economic news, a pullback would not be surprising.

While a secondary correction may be in the cards, it may be too soon to raise cash and buy more stock. As long as the Federal Reserve keeps interest rates low over the long term, investors will move out of bonds and into the stock market. And there is a lot of cash on the sidelines.

News of local interest:

• Hewlett-Packard Co. (HPQ; $19.95) announced that it will introduce an Android tablet in April for $169. HP, a longtime partner of Microsoft, said it would also eventually debut a Windows-based tablet.

HP provides products, technologies and software solutions to individual customers, the government and health and education sectors. Shares are up 39 percent year-to-date, and the company boasts a market cap of $38.64 billion. One analyst rates Hewlett-Packard a buy and six rate it a sell. The Street deems HP a sell.

The company’s weaknesses are evident in multiple areas: a deteriorating net income, a high debt-management risk, a low return on equity and a generally disappointing historical performance for the stock.

CEO Meg Whitman has promised to bring a number of new programs and innovations to market in coming quarters. Hewlett-Packard has become well known for its struggles, turmoil and disastrous deal-making record, but first-quarter results reveal that Whitman’s turnaround claim is in the works.

• Adobe Systems Inc. (ADBE; $40.33), a multinational computer software company with headquarters in San Jose, was founded by local residents John Warnock and Charles Geschke in 1982.

Adobe offers a line of software and services for creative professionals, marketing personnel and application developers. The company is now pushing Photoshop for iPhones and other smartphones with a product called Photoshop Touch. It should increase in popularity as mobile phones become the primary tool for people to take and edit photos.

Adobe stock hit a 52-week high last week when it reached $39.46, with 1.7 million shares traded by noon. Adobe has a market cap of $19.01 billion and a price-to-earnings ratio of 23.

The company’s strengths can be seen in its debt levels, net income and stock price performance. The Street rates Adobe Systems as a buy. Nine other analysts deem Adobe a strong buy, 12 a hold and only 1 a strong sell.

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