Sun03012015

News

North Bayshore proposals due today

The City of Mountain View is receiving North Bayshore development proposals today. Applications may be made until the deadline at 5 p.m.

All submissions will be available for viewing March 2 at the Community Development Department counter in City Ha...

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Schools

Former NFL player huddles with Blach students about life choices

Former NFL player huddles with Blach students about life choices


Ellie Van HOutte/Town Crier
Former NFL tight end Eason Ramson visited with Blach Intermediate School students, Feb. 13 to share the perils of drug use. Now a motivational speaker, Ramson works with at-risk teens in San Francisco.

Although former ...

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Community

Chi Am Circle, Chef Chu's prove 'golden': Club sets fundraising goal of $200K for March fashion show

Chi Am Circle, Chef Chu's prove 'golden': Club sets fundraising goal of $200K for March fashion show


Courtesy of Bev Harada
Chi Am Circle members, from left, Gerrye Wong, Sylvia Eng, Pearl Lee and Muriel Kao flank Larry Chu Sr. at the Jan. 31 event honoring the club’s 50th and Chef Chu’s 45th anniversaries.

Chef Chu’s restaurant in Los Altos ho...

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Comment

Freedom's just another word: No Shoes, Please

It used to be that the word “freedom” held exclusively positive connotations for me, but now it’s really become a mixed bag. It all started in 2001 when President George W. Bush asked the question he felt was on the minds of most Americans regarding ...

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Special Sections

Filoli in bloom: Historic estate hosts  classes, events and tours

Filoli in bloom: Historic estate hosts classes, events and tours


Ellie Van Houtte/Town Crier
Scenes from Filoli: The historic estate in Woodside is a welcoming sanctuary for visitors. The grounds offer a rotating display of seasonal flowers, a tranquil reflecting pool and paths that wend through the 16-acre Engl...

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Business

Stock volatility still confusing

The market opened down more than 100 points Friday but by noon rose more than 130, the form of volatility that quickly draws investors’ attention. By week’s end, the Standard & Poor’s 500 index and the Dow Jones industrial aver...

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Books

French novel

French novel "Hunting and Gathering" offers character-driven suspense


Anna Gavalda is a well-known author in her native France, where she has published six books, most of which have met with considerable praise and commercial success. Her fourth novel, “Hunting and Gathering” (Riverhead Books, 2007), is filled ...

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People

CHRIS A. KENISON

CHRIS A. KENISON

Feb 13, 1945-Feb 6, 2015

Resident of Los Altos

Chris was born in Georgia and moved to Oklahoma as a young child. He grew up there and moved to California in 1965. He developed a strong work ethic from his grandparents and parents. He attended the...

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Travel

Seoul of the city: Korean capital offers mix of old and new

Seoul of the city: Korean capital offers mix of old and new


Ramya Krishna/Special to the Town Crier
Seoul’s Cheonggyecheon public recreation space, above, features an elevated pedestrian bridge.

Seoul, South Korea, is a study in contrasts. Having grown quickly, the city is a mix of old and new.

Using...

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Stepping Out

'Park' in the hills

'Park' in the hills


courtesy of Foothill Music Theatre
Dot (Katie Nix) imagines her dream job as a follies dancer in the Foothill Music Theatre production of “Sunday in the Park with George.” The play runs through March 8.

Foothill Music Theatre’s production of “Su...

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Spiritual Life

Is your thought life sabotaging your spiritual journey?

My computer started having problems – there seemed to be some sort of malware running in the background. At first it was just annoying, then it began to slow down my computer, interfering with its basic operations. What is it doing? Why can...

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Magazine

Local events serve up family fun

Local events serve up family fun


Courtesy of Peninsula Youth Theatre
Peninsula Youth Theatre’s production of “Pecos Bill: A Tall Tale” is slated to open March 20 in Mountain View.

For families seeking a break from the daily routine, events abound this month and next in Los Alto...

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Consumer confidence will lift market

If history is any indicator, the market should perform strongly in the second half of the year. Since World War II, every year the S&P 500 posted gains in January and February, the market recorded a positive year.

Stocks in 2013 have registered the best first-half performance since 1999, despite the U.S. economy stuck in low gear for more than a year with an average annual growth of 1.7 percent.

But according to the monthly publication Blue Chip Economic Indicators, gross domestic product is expected to increase to 1.9 percent this year, fueled by consumers’ optimism. Consumers account for roughly two-thirds of U.S. economic activity, and the improving outlook for consumer spending is one reason the market should gain steam in 2014. When consumers have money to spend and invest, you can bank on a rising stock market.

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

• Intuit Inc. (INTU; $62.76) agreed to sell its Financial Services Business to the private-equity firm Thoma Bravo for $1 billion. Intuit also plans to sell its health group, which provides financial services and software to hospitals.

The divestures are part of Intuit’s major restructuring, designed to allow the company to concentrate more on its core business of tax programs for consumers and small businesses. The proceeds from both sales should speed up share repurchasing.

Intuit began in 1983 marketing Quicken Personal Finance Software. Annual revenue now tops $4 billion, with a net income of $792 million. With 8,500 employees, the company plans to diversify beyond desktop software and Web services into software for tablets and smartphones.

Most analysts rate Intuit stock as a hold, though Raymond James Financial Services upgraded it last week to a strong buy. The mean target price per share is $65.94, with a high of $85.

• Apple Inc. (AAPL; $412.69) is still No. 1 in the U.S. smartphone market, but its share of the market remained virtually flat at 39 percent in the quarter, according to researchers, while Samsung Electronics gained two percentage points to take a 21 percent slice and Google Motorola captured 8 percent.

Among smartphone operating systems, Google’s Android maintained a 52 percent share of the U.S. market, followed by Apple at 39 percent.

Looking ahead to what may be its next big release, Apple applied for a trademark for iWatch in Japan. Wearable computing devices have suddenly become a crowded field, with companies racing to bring their new products to consumers. The market for wearable computers could exceed $12 billion by 2018, according to one research firm.

Apple projects third-quarter revenue totaling between $33.5 billion and $35.5 billion, gross margin between 36 and 37 percent, and operating expenses between $3.85 billion and $3.95 billion. Other expenses are projected at $300 million.

The majority of analysts who cover Apple consider its stock a current and long-term buy. Among 50 brokers surveyed, the mean target price is $538.74, with a high of $888.

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