Fri02052016

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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Should we buy on the dip?

The market fell for the third day in a row last Friday, the first negative week for investors since mid-April. The drop triggered concern that began when Federal Reserve Chairman Ben Bernanke said a change could come in future meetings when the Fed reduces the stimulus. The stimulus programs Bernanke initiated have helped feed a four-year rally in stock prices.

Where is the market headed from here? Should investors buy on the dip? It’s a serious move and raises the question of whether such a move could be profitable when the Chinese economy is contracting. While Fed action remains a question mark and some stocks are still overbought, where but the stock market can you get a reasonable return for your money?

Two Town Crier “50” stocks made headlines last week.

• Microsoft Corp. (MSFT; $34.20) shares have surged 28 percent this year, reaching levels last seen in January 2008. Gains were made despite sluggish personal computer sales and the company’s weakness in mobile computing.

The company, based in Redmond, Wash., with a presence in Mountain View, remains strong. No other competitor will eclipse the performance of Microsoft’s operating system or unseat Microsoft Office’s popularity – and Windows 8 is picking up steam. Microsoft’s recent ad campaign mocking Apple takes a negative slant but gets its point across.

Microsoft unveiled Xbox One, its first new video-game console in eight years. The console features a living-room system that claims to be the only system households will need for games, movies, television and other entertainment. It will be available for purchase later this year at an undisclosed price.

Analysts’ consensus reports on Microsoft stock predict that the opportunity is huge, but so are the challenges. Several analysts reversed recommendations from a buy to a hold. The high target price for Microsoft stock is $42 and the median $33.

• Hewlett-Packard Co. (HPQ; $24.40) shook up analysts and investors last week when its second-quarter results beat Wall Street expectations. Excluding certain items, the company posted earnings of 87 cents per share, down from a year ago but surpassing the estimate by 6 cents.

The Palo Alto-based company recorded sales of $27.6 billion, down by a half billion from a year ago. Profit sank 32 percent from the previous year.

In a conference call to analysts, CEO Meg Whitman said, “I must say that I’m encouraged with where we are. We have made significant progress, and you can feel the turnaround taking place at HP. Revenue growth is possible in 2014.”

Investors remain confused by the company’s sagging sales and profit over the past few years. The businesses HP acquired – including Autonomy for $11 billion – have not helped the bottom line either. The company exceeded forecasts by cutting costs and laying off 29,000 employees.

Before HP announced its quarter results, analysts had downgraded the stock to a sell, but post-results, they are recommending a hold. The mean target price for the stock is $20, with a high of $29.

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