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News

Meet the Santa Clara Valley Water District Board of Directors candidates

Meet the Santa Clara Valley Water District Board of Directors candidates

Two candidates have filed to run for the District 7 seat on the Santa Clara Valley Water District Board of Directors in the Nov. 4 election. The water district, established in 1929, oversees and protects water resources in Santa Clara County....

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Schools

New LAHS assistant principal focuses on school activities

New LAHS assistant principal focuses on school activities


Ellie Van Houtte/Town Crier
Suzanne Woolfolk, assistant principal at Los Altos High, teaches a leadership course for Associated Student Body leaders.

Suzanne Woolfolk – new assistant principal at Los Altos High School – said she is happy...

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Community

Petting zoo, car show highlight Chamber's annual Fall Festival

Petting zoo, car show highlight Chamber's annual Fall Festival


Courtesy of Los Altos Chamber of Commerce
The petting zoo is a highlight of the Los Altos Fall Festival. This year’s event is slated Oct. 4 and 5.

The Los Altos Chamber of Commerce has scheduled its 23rd annual Fall Festival 10 a.m. to 5 p.m. Oc...

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Sports

Burlingame bowls over Los Altos

Burlingame bowls over Los Altos


Ellie Van Houtte/Town Crier
Los Altos High halfback Sean Lanoza looks for running room against Burlingame in Saturday’s home opener.

The opening drive of Saturday’s game against Burlingame couldn’t have gone much better for the Los Altos High fo...

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Comment

Does Los Altos have a parking problem, or is it a symptom? : Other Voices

Yes, and yes. It appears that the downtown Los Altos parking problem is a symptom of the city’s “Sarah Winchester” approach to planning that instead of resulting in staircases to nowhere resulted in a hotel without parking required by code.(1)

From ...

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Special Sections

Los Altos landmark Four families later, Shoup House goes on the market

Los Altos landmark Four families later, Shoup House goes on the market


Courtesy of Matthew Anello
The Shoup House dining room, above, features original elements. The 100-year-old house on University Avenue earned a spot on the National Register of Historic Places, a nod to its legacy as the home of city founder Paul S...

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Business

Longtime banker readies for retirement

Longtime banker readies for retirement


Ellie Van Houtte/Town Crier
Joanne Kavalaris is retiring at the end of October after spending the past 25 years of her banking career in downtown Los Altos.

A longtime Los Altos banker is calling it a career in a few weeks.

Joanne Kavalaris, Bank o...

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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...

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People

VINCENT (TIM) MURPHY JR.

VINCENT (TIM) MURPHY JR.

July 27, 1953 – August 12, 2014

Native Los Altan died Medford, OR. Graduated Bellarmine Prep. Married Josephine Domino, 1950. Licensed Auto Mechanic, Private Pilot, skilled Computer Scientist. Tim “could fix anything”. Afflicted with cancer 2001. ...

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Travel

Taking a Turkey trek: Winging it during the World Cup

Taking a Turkey trek: Winging it during the World Cup


Rich Robertson/Special to the Town Crier
The sun sets over the Aegean Sea in Bodrum, Turkey, left.

Tours that whisk you from Istanbul to Bodrum in 11 days are as plentiful as souvenir hawkers in Turkey, but traveling from the Blue Mosque to Topkapi ...

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Stepping Out

Pear builds wonderful 'House'

Pear builds wonderful 'House'


J. Smith/Special to the Town Crier
Betsy Kruse Craig portrays Trish in the Pear Avenue Theatre production of “House,” which closes Oct. 5.

Mountain View’s Pear Avenue Theatre is staging an unusual theater-going experience – producing two plays...

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Spiritual Life

Magazine

Local events add color to autumn calendar

Local events add color to autumn calendar


Van Houtte/town crier Visitors make their way through the Children’s Alley.

As Los Altos’ signature Chinese Pistache trees exchange their summer green for vibrant hues of yellow, orange and red in the fall, an abundance of local events also ad...

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Job growth boosts stock market

Last week was volatile for stocks, with interest-rate worries prompting market fluctuations. Despite the swings, the Dow Jones industrial average remained within 3 percent of its May 28 all-time closing high of 15,409.39. After the release of the monthly job reports Friday, the market shot up more than 150 points.

Attribute the volatility to fears of interest-rate increases and a preponderance of negative profit warnings. Recent guidance from S&P 500 companies for the June quarter has also been negative.

A more substantial pullback would not be surprising, as the market has advanced without interruption since mid-November. We are at the point where we could use a short downturn.

While interest-rate fears have received most of the blame, a number of warnings are floating around to confuse the average investor. Rising bond yields and falling profit expectations are hurting the relative appeal of stocks, especially where the primary draw is dividend income.

For now, however, the Dow is still in the bullish camp and quality stocks are available at reasonable valuations.

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

• Symantec Corp. (SYMC; $22.26) released its fourth-quarter results last month, reporting its operating margin at 14.4 percent, compared with 11.4 percent for the same quarter last year. Symantec’s net income totaled $188 million, down from $559 million a year ago. Last year the Mountain View-based company benefited from a joint venture stake sale to Huawei, contributing to the year-over-year change.

“In a year of significant leadership changes and development of a new company strategy, the team remained focused on running the business to deliver better than expected results,” said Steve Bennett, president and CEO of Symantec, a security software maker.

Symantec’s share price has increased nearly 55 percent in the past year, exceeding the performance of the broader market during the period. The stock price should continue to rise.

Analysts at The Street deem Symantec stock a buy – with a high price of $30 – noting that the company’s strengths are evident in revenue growth, stock price performance, valuation levels, profit margins and financial position.

• Electronic Arts Inc. (EA; $23.08) scored some press last week, with a Wall St. Cheat Sheet headline asking: “Is Electronic Arts Really the Worst Company in America?” The author of the article, Dan Moskowitz, immediately answered, “absolutely not,” though he did cite revenue as a major problem. The worst company in the world, he wrote, doesn’t have a profit margin, a strong balance sheet and increased online exposure.

Electronic Arts stock vaulted to a 52-week high Friday at $23.66 per share.

The Redwood City firm develops, markets, publishes and distributes game software content. It also provides services for video-game consoles, personal computers, tablets and electronic readers. Founded in 1982, Electronic Arts sells its products through mass-market retailers and specialty stores.

The next generation of games from Electronic Arts – Madden NFL 25, NBA Live, Battlefield 4 and several all-out multiplayer warfare games – was announced Monday, after the Town Crier’s press deadline.

Recent analysts’ reports have upgraded Electronic Arts stock to a hold or a neutral, with a mean target price of $21.50 and a high of $26.

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