Wed04012015

News

Council eyes bond for Hillview center

Council eyes bond for Hillview center


The Los Altos City Council accepted an $87.5 million cost model for its preferred layout for replacing Hillview Community Center. 

Residents could cast their votes as soon as November on a bond measure to partially fund the redevelopment of...

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Schools

Oak students showcase creativity in Destination Imagination competitions

Oak students showcase creativity in Destination Imagination competitions


Courtesy of Jane Lee Choe
The Sharp Cheddars, a team of Oak Avenue School sixth-graders, perform at the Destination Imagination state competition Saturday in Riverside.

A team of seven Oak Avenue School sixth-graders traveled to Riverside last week...

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Community

Heising-Simons Foundation relocates to 400 Main St. property in Los Altos

Heising-Simons Foundation relocates to 400 Main St. property in Los Altos


Bruce Barton/Town Crier
All in the family: Mark Heising, from left, Caitlin Heising and Elizabeth Simons make up the board of the eight-year-old Heising-Simons Foundation, now in its new headquarters at 400 Main St. in downtown Los Altos.

The He...

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Comment

What would Bob do?: Editorial

The recent passing of an extraordinary Los Altos resident, Bob Grimm, has generated a range of heartfelt reaction, from sympathy to fond memories, from all corners. That’s because Bob did not discriminate in his desire to help others with his money, ...

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Special Sections

Cars that are right on track

Cars that are right on track


Courtesy of BMW
The BMW M4 is packed with power, featuring 425 horsepower and 406 pound-feet of torque.

There’s nothing more fun than driving a responsive automobile that feels alive in the curves and eager to go when given more than a touch ...

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Business

First Street's 'Fort Knox' up for sale

First Street's 'Fort Knox' up for sale


Megan V. Winslow/Town Crier
The Los Altos Vault and Safe Deposit Co. is on the market for $4.5 million. Its fortified steel and concrete structure has been compared to the U.S. Federal Reserve’s gold depository.

A downtown Los Altos structure “b...

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Books

'Pope Joan' Book weaves tale around legend of female pontiff

'Pope Joan' Book weaves tale around legend of female pontiff


The idea that there may have a female pope at one time in history has generated much speculation throughout the centuries. “Pope Joan” (Crown, 1996) by Donna Woolfolk Cross, does not answer the question; rather, the author has created a detai...

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People

JOHN BATISTICH

JOHN BATISTICH

John Batistich of Los Altos Hills died peacefully on March 12 surrounded by his family. John is survived by his wife Claire Batistich (Vidovich) of 67 years and children Gary Batistich of Lodi and Gay Batistich Abuel-Saud of Menlo Park. He is also ...

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Travel

Eat, hike, soak: Cavallo Point Lodge offers Marin experience

Eat, hike, soak: Cavallo Point Lodge offers Marin experience


Eren Göknar/ Town Crier
Cavallo Point Lodge comprises former U.S. Army buildings, like the Mission Blue Chapel, repurposed for guests seeking a luxurious getaway.

It used to be a place where batteries of soldiers lived, with officers’ quarter...

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Stepping Out

'Fire' ignites in Mtn. View

'Fire' ignites in Mtn. View


Courtesy of Kevin Berne
The cast of “Fire on the Mountain,” includes, from left, Tony Marcus, Harvy Blanks, Molly Andrews and Robert Parsons.

TheatreWorks is slated to present the regional premiere of the musical “Fire on the Mountain” this wee...

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Spiritual Life

Spiritual Life Briefs

Oshman JCC hosts Judaism and Science Symposium

The Oshman Family Jewish Community Center has scheduled its inaugural Judaism and Science Symposium, “An Exploration of the Convergence of Jewish & Scientific Thought,” 5 p.m. April 12 at the JCC’s ...

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Magazine

Food for thought: Hidden Villa programs offer teens training in sustainability on the farm

Food for thought: Hidden Villa programs offer teens training in sustainability on the farm


/Town Crier It’s not all cute and cuddly for teens participating in the eight-week Animal Husbandry Apprenticeship program at Hidden Villa in Los Altos Hills. Mia Mosing of Palo Alto, left, and Sophia Jackson of Los Altos clean the pigpens – one of...

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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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