Tue09232014

News

Meet the Mountain View City Council candidates

Meet the Mountain View City Council candidates


Nine candidates have filed to run for three open seats on the Mountain View City Council in the Nov. 4 election – none of them incumbents. The Town Crier asked them to introduce themselves to readers in the following Q&A format. We knew the...

Read more:

Loading...

Schools

LASD committee looks to rank campus improvement projects

LASD committee looks to rank campus improvement projects


Traci Newell/Town Crier
The Los Altos School District’s newly expanded Facilities Advisory Committee met for the first time last week. The 28-member committee’s first task is to prioritize campus improvement projects.

The Los Altos Scho...

Read more:

Loading...

Community

Sports

New-look Lancers find their footing

New-look Lancers find their footing


Ellie Van Houtte/Town Crier
St. Francis High’s Jenna Adams, left, and Carly Deale attempt to bump the ball Friday night. The juniors combined for 28 kills.

This year’s St. Francis High girls volleyball team faintly resembles last season’s squad ...

Read more:

Loading...

Special Sections

MV Whisman teachers cite low pay

MV Whisman teachers cite low pay


Ellie Van Houtte/Town Crier
An estimated 75 supporters of higher teacher pay turned out for the Sept. 4 Mountain View Whisman School District board meeting.

Teachers, trustees and administrators are recovering from a dramatic Mountain View Whism...

Read more:

Loading...

Business

Skin rejuvenation studio joins Rancho

Skin rejuvenation studio joins Rancho


Ellie Van Houtte/Town Crier
Esthetician Marjan Kashi showcases one of the treatment rooms at her new studio, Pure Serenity Skincare at Rancho Shopping Center. Kashi provides services including microdermabrasion and various light and heat energy the...

Read more:

Loading...

Books

A woman's perspective on the Greatest Generation

A woman's perspective on the Greatest Generation


During World War II, Virgilia Short Witzel, a young mother and U.S. Navy officer’s wife, grappled on the home front in Menlo Park with wartime rationing, shortages and loneliness. During the ensuing Cold War, she experienced adventure and misadventur...

Read more:

Loading...

People

JERALD (JERRY) NELSON CHRISTIANSEN

JERALD (JERRY) NELSON CHRISTIANSEN

Resident of San Jose and Los Altos, California

July 21, 1931 to August 4, 2014

Born in Arimo, Idaho, to Jerald Emmett and Rebecca Henderson Nelson Christiansen. Raised in Davis and Riverside, California, with summers in Downey, Idaho, and in Loga...

Read more:

Loading...

Travel

LA photographer spends a night with cranes – and moose – in Alaska

LA photographer spends a night with cranes – and moose – in Alaska


Sandy Powell/Special to the Town Crier
Los Altos resident and bird photographer Sandy Powell recently visited Homer, Alaska, to photograph Sandhill cranes, below. While there, Powell also encountered moose, left.

Los Altos resident Sandy Powell, a...

Read more:

Loading...

Stepping Out

Pear puts on a pair of plays

Pear puts on a pair of plays


J. Smith/Special to the Town Crier
Dan Kapler (as Teddy) and Betsy Kruse Craig (Trish) star in Pear Avenue Theatre’s “House.”

The Pear Avenue Theatre production of two interlocking comedies by Alan Ayckbourn – “House&...

Read more:

Loading...

Spiritual Life

Back to Church Sunday offers opportunity to recommit

The children in Los Altos are back to school, and I can still hear parents cheering. Summer is officially over, even if the calendar doesn’t quite think so.

Parents have attended Back to School nights to meet their children’s teachers. B...

Read more:

Loading...

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...

Read more:

Loading...

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.

Schools »

Schools
Read More

Sports »

sports
Read More

People »

people
Read More

Special Sections »

Special Sections
Read More

Photos of Los Altos

photoshelter
Browse and buy photos