Wed09022015

News

West Nile fogging commences today

West Nile fogging commences today


Courtesy of the Santa Clara County Vector Control District
Fogging commences Wednesday within the highlighted area.

The detection of West Nile Virus-infected mosquitos means that Santa Clara County officials will begin mosquito fogging operations...

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Schools

LASD trustees reopen negotiations with Los Altos Teachers Association

The Los Altos School District Board of Trustees last week directed staff to reopen negotiations with the Los Altos Teachers Association, a move intended to shore up the district’s financial picture.

According to the district’s current co...

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Community

LA teenager crowned Miss Golden State, advances to national pageant in Florida

LA teenager crowned Miss Golden State, advances to national pageant in Florida


Alicia Castro/Town Crier
Alexandra McCarthy, crowned Miss Golden State Teen in July, earned “Ms. Personality” honors from her peers.

Alexandra McCarthy has a ways to go before reaching her coveted role as a U.S. Supreme Court justice. Bu...

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Sports

After rough year, Eagles aim to soar once more

After rough year, Eagles aim to soar once more


Megan V. Winslow/Town Crier
Los Altos High senior running back Patrick Vargas snares a pass in practice last week.

Don’t dismiss the Eagles. Coach Trevor Pruitt is adamant that his Los Altos High football team will be better than expected.

&#...

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Comment

Car spotting 2015: A Piece of My Mind

When I was a kid, September was exciting, almost like Christmas, because that was when the Big Three automakers would reveal the new models for the upcoming year.

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Special Sections

Loving on the Edge

Loving on the Edge


Courtesy of Ford
The Ford Edge has been redesigned for 2015. Ford lengthened the wheel base and added cargo space, among other things. The Titanium model sells for approximately $42,000.

Once in a while, a vehicle we test-drive is just right for our...

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Business

Wine bar aims for October opening

Wine bar aims for October opening


Rendering courtesy of Honcho
Honcho, the wine and beer lounge on First Street, expects an October launch. A rendering of the space reveals the interior layout, which includes bar and lounge-style seating.

A downtown libations lounge that anticip...

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People

LOIS CAROLINE WALLES

LOIS CAROLINE WALLES

November, 1928

Lois lost a long and courageous battle with a prolonged illness on July 14th, 2015. She passed away knowing how well she was loved. She was always the life of the party and loved bringing everyone to her home for dinner or an event,...

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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

'Dead Man' comes alive at Bus Barn

'Dead Man' comes alive at Bus Barn


Richard Mayer/Special to the Town Crier
The cast of Los Altos Stage Company’s “Dead Man’s Cell Phone” includes, from left, Marjorie Hazeltine (as Hermia), Kristin Walter (Jean) and Adrienne Walters (Carlotta).

Los Altos Stage Company opens its ...

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Spiritual Life

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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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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