Mon01262015

News

UPDATED: Missing Los Altos High School student found

UPDATED at 10:20 p.m. Jan. 21: Mountain View Police report that Avendano is safe after being located in Los Angeles County.

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The Mountain View Police Department is looking for 17 year-old Mountain View resident Lizbeth Avendano. Accordin...

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Schools

MVLA revisits prospect of ninth-grade PE exemptions

MVLA revisits prospect of ninth-grade PE exemptions


Ellie Van Houtte/Town Crier
The Mountain View Los Altos Union High School District Board of Trustees is scheduled to vote on a proposal to exempt ninth-grade student-athletes from taking PE. Students take part in a physical education class at Mount...

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Community

Midnight Express offers late-night rides from SF

Midnight Express offers late-night rides from SF


From Midnight Express Instagram
A group of millennial-aged Santas celebrating a night on the town prepare for a safe ride from San Francisco to their South Bay homes, courtesy of Cory Althoff’s new Midnight Express shuttle.

It’s no understatemen...

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Comment

More open than ever: Editorial

One of the Los Altos City Council’s objectives for 2015 is implementing an open-government policy. The title of the policy may be somewhat misleading, because it’s not as if the city has had a closed-government policy. But the new proposal goes beyon...

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Business

Cassidy Turley, DTZ plan to combine

Cassidy Turley, DTZ plan to combine


Ellie Van Houtte/Town Crier
Cassidy Turley, which has offices at 339 S. San Antonio Road, is combining with DTZ following its recent acquisition.

Commercial real estate services companies DTZ and Cassidy Turley have joined forces to operate as a sin...

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Books

Gawande's

Gawande's "Being Mortal" proves an important book on aging


Books about death and dying are usually not on my list of “must reads.”

I couldn’t resist, however, the best-selling “Being Mortal: Medicine and What Matters in the End” (Metropolitan Books, 2014) by Atul Gawande.

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People

JUDY HOFFMANN

JUDY HOFFMANN

Judy Hoffmann passed away unexpectedly October 17, 2014 in New York City. It was only fitting Judy would be traveling and enjoying special adventures in so many different places until the very end.

Judy has lived since 1969 in Los Altos with her h...

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Travel

Cuban photographer slated to appear at Foothill

Cuban photographer slated to appear at Foothill


Courtesy of Raúl Cañibano
Cuban photographer Raúl Cañibano is set to appear at Foothill College tonight. His work – including the image “Series: Guajira’s Land, Viñales, 2007,” right – is on display at the KCI Gallery t...

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Stepping Out

TheatreWorks launches '2 Pianos' in Mtn. View

TheatreWorks launches '2 Pianos' in Mtn. View


Suellen Fitzsimmons/Special to the Town Crier
Christopher Tocco stars in TheatreWorks’ “2 Pianos 4 Hands,” which opened last week.

TheatreWorks’ production of “2 Pianos 4 Hands” is scheduled to run through Feb. 15 at the Mountain View Center fo...

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Spiritual Life

Start something great by ringing in the new year with prayer

There is a tradition, which I’m told originates in the Midwest, that calls for people to pray in the new year. A few years ago, I was invited to a friend’s house and a number of people stayed up until midnight (approximately two hours pa...

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Magazine

Christmas At Our House home tour celebrates 26 years

Christmas At Our House home tour celebrates 26 years


Courtesy of Christopher Stark
Homes on the St. Francis High School Women’s Club’s Christmas at Our House Holiday Home Tour showcase a variety of architectural styles.

The days grow short on sunshine but long on nostalgia as the holidays approach...

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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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