Sun08302015

News

Enchanté plaza remains open to the public

Enchanté plaza remains open to the public

Alicia Castro/Town Crier
The plaza area at Enchanté Boutique Hotel now serves drinks and small plates.

The Los Altos City Council Aug. 25 voted unanimously in favor of Enchanté Boutique Hotel serving beverages and small plates to the public on t...

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Schools

Mountain View High launches Bring Your Own Device program

Mountain View High launches Bring Your Own Device program


Megan V. Winslow/Town Crier
Mountain View High School staff distribute Chromebooks to students last week. The school is rolling out the Bring Your Own Device program this year, which gives students and teachers around-the-clock access to laptops.

Mo...

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Community

'Rock Back the Clock': End of an era, beginning of new one

'Rock Back the Clock': End of an era, beginning of new one


Town Crier File Photo
Time has run out for “Rock Back the Clock,” the 1950s-themed dance party at Rancho Shopping Center.

After 25 successful years, the “Rock Back the Clock” Committee has decided to end the annual 1950s-themed event held at R...

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Sports

Dean of the badminton court

Dean of the badminton court


Courtesy of the Tan family
Los Altos resident Dean Tan and mixed- doubles partner Jenny Gai stand on the podium shortly after winning the gold at the 2015 Pan Am Junior Badminton Championships earlier this month in Tijuana, Mexico.

Dean Tan began pl...

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Comment

Warning: Useless flood basin ahead

Our water and fire agencies receive much attention (and scrutiny) during the hot, dry days of summer – water for the lack of it and fire for its widespread destruction. During this extreme drought year, we are deluged with water conservation ma...

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Special Sections

A tale of two Los Altos love stories: Country club classic


Photos Courtesy of Kelly Boitano Photography
Lindsey Murray and Christof Wessbecher tie the knot in Los Altos.

Lindsey Murray and Christof Wessbecher grew up in parallel Los Altos orbits, never meeting – he went to St. Francis High School, sh...

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Business

Five thoughts on the current market correction

The 531-point drop in the Dow Jones industrial average Friday (Aug. 21) was certainly headline grabbing in its magnitude. It represented a one-day 3.1 percent drop in the index and resulted in a 10 percent correction from its high in May.

It’s compl...

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People

BRUCE CHARLES MEYER

BRUCE CHARLES MEYER

Bruce Charles Meyer, 81, died Wednesday, August 5th at his home in Carmel, California. He leaves his wife Valda Cotsworth and her daughter Katie Roos; his sons, Bruce and Joseph Meyer from his first marriage and his brother Gordon Meyer; four grand...

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Travel

Carmel Valley Ranch unveils upgrades

Carmel Valley Ranch unveils upgrades


Courtesy of Carmel Valley Ranch
Carmel Valley Ranch recently upgraded its Vineyard Oak suites, which feature sweeping views, rocking chairs and private outdoor tubs for soaking under the stars.

Things are heating up at Carmel Valley Ranch, with 30 n...

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Stepping Out

Open 'House'

Open 'House'


Kevin Berne/Special to the Town Crier
Anna Patterson (played by Kimberly King) accepts a drink from Michael Astor (Jason Kuykendall) in “The Country House.”

TheaterWorks Silicon Valley’s regional premiere of “The Country House” is scheduled to r...

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Spiritual Life

Los Altos native combines Judaism, social justice, advocacy

Los Altos native combines Judaism, social justice, advocacy


Los Altos native Gabriel Lehrman’s passion for Judaism, social justice and advocacy brought him to Washington, D.C., this summer for the Machon Kaplan Summer Social Action Internship program at the Religious Action Center of Reform Judaism.

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Inside Mountain View

MV actress/playwright Garvin wins NY festival award for

MV actress/playwright Garvin wins NY festival award for "Corners Grove"


Courtesy of Undiscovered Countries
Kaela Mei-Shing Garvin received a New York arts festival award for a featured role in “Corners Grove,” a play she wrote.

New York recognized that one of Mountain View’s own can “make it there” when the Planet C...

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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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