Mon09012014

News

A flood of candidates seek seats on high school board

Two incumbents and five newcomers are vying for seats on the Mountain View Los Altos Union High School District Board of Trustees – a significant increase in the number of candidates who have run over the past 10 years.

According to data from the Sa...

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Schools

One more candidate joins MVLA race

When longtime incumbent Judy Hannemann declined to run again, the deadline to file for the upcoming Mountain View Los Altos Union High School District Board of Trustees election was extended by a few days. Mountain View resident Sanjay Dave registere...

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Community

CSA salutes 'Hometown Heroes' at breakfast

CSA salutes 'Hometown Heroes' at breakfast


Mendoza

The Community Services Agency’s 2014 “Hometown Heroes” fundraising breakfast is scheduled 7:15 a.m. Sept. 19 at the Computer History Museum, 1401 N. Shoreline Blvd., Mountain View.

“Hometown Heroes” honors individuals and businesses for...

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Sports

No suit, no sweat

No suit, no sweat


Courtesy of the Gallagher Family
Joe Gallagher – a 12-year-old from Los Altos Hills – swims from near Alcatraz Island to the San Francisco shore. His uncle, Joe Locke, an accomplished open-water swimmer, accompanied him.

For his recent s...

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Comment

Back to school, back to thumbs: Editorial

The kids are back in class at our local schools and a new political campaign season is underway, so we have our thumbs out and ready to go.

Thumbs-up: To last week’s community workshop for rebuilding the Los Altos Community Center. The Aug. 19...

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Business

Sweet Shop celebrates five-year anniversary

Sweet Shop celebrates five-year anniversary


Ellie Van Houtte/Town Crier
The Sweet Shop at 994 Los Altos Ave. marks its fifth year in business Sept. 7. The shop is a popular after-school stop for families and students.

When Stacy Savides Sullivan opened the Sweet Shop at 994 Los Altos...

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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

JEFF JOHNSON

JEFF JOHNSON

Jan 10, 1967 - Aug 10, 2014

Jeff was born and raised in Los Altos. He was a graduate of Los Altos High School. He then went to Foothill College where he had an opportunity to spend 3-months in Europe through a study abroad program. That experience...

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Travel

Visiting Vancouver Western Canada's premier destination has much to offer

Visiting Vancouver Western Canada's premier destination has much to offer


Photos courtesy of TOURISM VANCOUVER
Outdoor adventures abound in and around Vancouver, including a boat excursion into Horseshoe Bay and a jaunt on the Cliffwalk at Capilano Suspension Bridge Park, among the most popular attractions in British Col...

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Stepping Out

'Water' rises in Mtn. View

'Water' rises 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 award-winning drama “Water by the Spoonful.”

TheatreWorks’ regiona...

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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

Los Altos Hills home showcases resort-inspired living

Los Altos Hills home showcases resort-inspired living


Courtesy of Spectrum Interior Design
In place of a more traditional fireplace, this modern living room features a linear-flame firebox that emits heat while offering a sculpturelike design element.

After traveling the world and visiting a host o...

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Stock market bulls still look happy

The Dow Jones industrial average has moved primarily sideways since peaking April 11 at 14,865.14. Periods like this provide a good opportunity to take a step back and examine what the market is telling us.

Economic growth regained speed in the first three months but slowed once companies reported their latest quarter results. The primary trend is still in the bullish camp, with few references to a bear market in the expanded economy.

According to the U.S. Bureau of Economic Analysis, the economy expanded at an annualized rate of 2.5 percent in the March quarter. The growth represents impressive acceleration from the December quarter’s meager 0.4 percent. The private sector more than offset any weakness in government spending.

A bull would recognize personal-consumption spending rising 2.2 percent as the largest quarter gain since December 2010. There is nothing more important to the economy than a strong consumer market, and in the March quarter, consumers were spending. In addition, inflation remains under control – the price index indicated inflation of 0.9 percent in the March quarter, down 1.6 percent in each of the last two quarters.

Bulls like performance, and to simplify, stock prices can rise for two reasons: (1) investors become more optimistic about the outlook for earnings and dividends and (2) investors become more willing to pay up for those earnings and dividends because of diminished risk or diminished competition from alternative investments like bank accounts and bonds.

Another item the bulls like is the dividend hikes many companies have announced since Jan. 1. A number of blue-chip stocks, including Apple Inc., as reported below, have raised their payouts.

One Town Crier “50” stock and another local company made news last week.

• Apple Inc. (AAPL; $432.34) gave investors what they were looking for in their deployment of cash. Apple is opening the bank vault and will distribute $100 billion in cash to shareholders over two years. It will also buy back $60 billion in shares and raise its dividend by 15 percent to $3.05 per share. Investors have been pushing Apple to distribute its cash hoard of $145 billion.

The Cupertino-based company announced financial results for the fiscal second quarter that ended March 30. Apple posted quarterly revenue of $43.6 billion and quarterly profit of $9.5 billion. However, the company’s gross profit margin plunged nearly 10 percent, reflecting a shift in product mix. Apple sold 37.4 million iPhones, up 7 percent from a year ago, and 19.5 million iPads, up 65 percent.

Apple provided future guidance for its fiscal 2013 third quarter: revenue between $33.5 billion and $35.5 billion and gross margins between 35 and 37 percent.

The Apple Worldwide Developers Conference will kick off June 10 in San Francisco.

While analysts maintain different opinions on Apple stock, with the price in the low $400s now, many consider it a strong buy, with a median target price at $590.

• Varian Medical Systems Inc. (VAR; $64.79), regarded one of the top health-care equipment companies, last week announced that profits rose 9 percent to $1.02 in the March quarter. In line with consensus reporting, the Palo Alto-based company reported revenues increasing 13 percent to $842 million on 14 percent growth from X-ray products. The backlog rose 4 percent to $2.75 billion.

Varian entered the third quarter with cash, cash equivalents and short-term investments of $795.9 million, up 22.8 percent on a year-over-year basis. Long-term debt stood at $6.3 million.

Numerous analysts like Varian stock and have upgraded its status. Considered a long-term buy, Varian is expected to outperform the industry, with a high target of $88 and a mean target of $79.

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