Sat11292014

News

VTA plans for  El Camino Real prompt skepticism

VTA plans for El Camino Real prompt skepticism


Ellie Van Houtte/Town Crier
A Valley Transit Authority proposal to convert general-use right lanes on El Camino Real to bus-only use received a chilly reception last week.

A Valley Transit Authority proposal that prioritizes public transit alo...

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Schools

MVHS students attempt Guinness World Record

MVHS students attempt Guinness World Record


Barry Tonge/Special to the Town Crier
Local residents participate in an attempt to break the Guinness World Record for making the most friendship braceletsNov. 9 at Mountain View High.

More than 300 Mountain View High School students gathered around...

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Community

Bigger, better days ahead for Foothill Veterans Resource Center

Bigger, better days ahead for Foothill Veterans Resource Center


Student veterans at Foothill College can seek support, access resources and socialize at the Veterans Resource Center.
Ellie Van Houtte/Town Crier

Carmela Xuereb sees bigger things in store for the Foothill College Veterans Resource Center. One...

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Comment

Serving those who served us: Editorial

“Thank you for your service” often comes across as lip service to our veterans. As always, actions speak louder than words.

The Rotary Club of Los Altos has taken plenty of action, contributing time and money to improve opportunities for veterans th...

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Business

Report: Los Altos homes priciest in U.S.

Report: Los Altos homes priciest in U.S.


ToWn Crier File Photo
The average cost of a four-bedroom, two-bathroom home in Los Altos is 30 times more than the price of a similar home in Cleveland, according to a Coldwell Banker report.

The average cost of one Silicon Valley home can purchase ...

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Books

Children's author signs books at Linden Tree

Children's author signs books at Linden Tree


Author Tiffany Papageorge is scheduled to sign copies of new her book 11 a.m. Dec. 6 at Linden Tree Books, 265 State St., Los Altos.

Papageorge’s “My Yellow Balloon” (Minoan Moon, 2014) is a Mom’s Choice “Gold” winner. In the book, the Los Gat...

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People

RICHARD CAMPBELL WAUGH

RICHARD CAMPBELL WAUGH

Richard Campbell Waugh of Los Altos Hills, Ca. died at home October 31, 2014 surrounded by his family and caregivers.

Dick was born 1917, in Fayetteville, Arkansas. He earned a BS in chemistry from University of Arkansas and a PhD in organic chemi...

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Travel

Weekday Wanderlust highlights the joys of armchair travel

Weekday Wanderlust highlights the joys of armchair travel


Dan Prothero/Special to the Town Crier
Travel writers at the October gathering of the Weekday Wanderlust group include, from left, James Nestor, Kimberley Lovato, Paul Rauber, Marcia DeSanctis and Lavinia Spalding.

Travel writing should either ̶...

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Stepping Out

Pacific Ballet's 'Nutcracker' opens Friday in downtown Mtn. View

The Pacific Ballet Academy is back with its 24th annual production of “The Nutcracker,” scheduled this weekend in downtown Mountain View.

The story follows young Clara as she falls into a dream where her beloved nutcracker becomes the daring prince ...

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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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This stock sell-off is an opportunity

Investors sent the stock market into a panic last week, selling their stocks after Federal Reserve Chairman Ben Bernanke reported that free money and high liquidity are about to come to an end. Bernanke indicated that if economic data continue to improve, the Fed will begin pulling back on its $85 billion per month buying program, with plans to wrap it up entirely next year.

The Fed assumes that the economy is gaining strength and that the future outlook for stocks is inviting. Investors should consider the sell-off an opportunity to buy high-quality stocks that are leaders in their class, because the turbulence won’t last.

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

• Adobe Systems Inc. (ADBE; $43.94) reported second-quarter profits that exceeded analysts’ estimates. Subscribers continue to sign up for Adobe’s cloud computing services, with the company adding 221,000 Creative Cloud subscribers last quarter for a total of 700,000.

Adobe forecast sales of $975 million to $1.03 billion and earnings of 29-35 cents a share for the current fiscal quarter.

According to company officials, 12.8 million customers are using Adobe’s desktop products, 8.4 million via suites that bundle programs and 4.4 million via individual tools. While Adobe predicts 4 million subscribers for its cloud service by the end of 2015, there is a potential market of 8 million creative professionals for the programs.

Adobe faces a fearsome competitor for cloud computing services in Oracle Corp., but many analysts are upgrading Adobe stock because of the potential for a billion-dollar recurring revenue stream. The mean target price for Adobe stock is $47.67 per share, with a high target of $58.

• Apple Inc. (AAPL; $403.18) officials announced last week that the company signed a contract with the Los Angeles Board of Education to provide iPads to every student on 47 campuses beginning in the fall – a $30 million commitment. The board voted unanimously to supply the iPads.

“The iPad rated the best in quality, was the least-expensive option and received the highest scoring by a review panel that included students and teachers,” said Jamie Aquino, the Los Angeles Unified School District’s superintendent of instruction.

Apple is expected to roll out new models in the fall, including the iPhone5S with new fingerprint technology and larger screens as well as a cheaper version in five to six colors to differentiate it from the more expensive models. The cheaper model is necessary to compete in China and India.

In its latest earnings report, Apple CEO Tim Cook revealed that the company would expand its share buyback program from $10 billion to $60 billion. Cook also reported a 15 percent increase in Apple’s dividend, bringing the quarterly payout to $3.05.

Apple’s revenue growth has declined from the plush days of 2010, when the company’s fortunes rode high on the sales of iPads and iPhones and its share price topped $700.

Today, just 75 percent of the 68 analysts covering Apple consider the stock a buy, with most concerned about the e-book price-fixing scandal and/or the U.S. International Trade Commission’s ruling that Apple violated Samsung patents.

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