Wed02102016

News

SPLAT targets data, outreach as airplane noise continues

SPLAT targets data, outreach as airplane noise continues


Graphic courtesy of Don Gardner
Activists claim that a new SFO flight path leaves a “sound shadow” that impacts Los Altos and Los Altos Hills.

Sky Posse Los Altos Team – more simply known as SPLAT – seeks to squelch the noise...

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Schools

Los Altos High student-run charity plans ‘5 Gallon Gala’

Los Altos High student-run charity plans ‘5 Gallon Gala’


Courtesy of Lia Evard
Water by Youth members gave Egan students a chance to carry a 40-pound Jerry can, to see how difficult it is to obtain water in developing nations.

Water by Youth, a club at Los Altos High School, is making a splash by plannin...

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Community

What would you do with a box of cookies? Local Girls Scouts help Tanzanian orphanage

What would you do with a box of cookies? Local Girls Scouts help Tanzanian orphanage


Courtesy of Alicia Madden
Sales of local Girl Scout cookies support service projects, such as funding an orphanage in the village of Mto wa Mbu in Tanzania.

Girl Scout cookies – whether you think of them as a treat, a tradition or a diet comp...

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Sports

Scoreless spells sink LA boys

Scoreless spells sink LA boys


Megan V. Winslow/Town Crier
Los Altos High point guard Nolan Brennan attempts a shot in Friday’s game versus Palo Alto. He scored eight points in the loss.

There have been several games this season in which the Los Altos High boys basketball t...

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Comment

New 'York' values

New 'York' values


Hughes

 

As we have witnessed California suffer through one of its worst droughts in history over the past few years, all of us, I’m sure, have been keenly aware of our surroundings and have done a small part in trying to conserve wa...

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Special Sections

PYT ‘Gets Famous’

PYT ‘Gets Famous’


Lyn Flaim Healy/Spotlight Moments Photography
Renee Vetter of Palo Alto, left, and Megan Foreman of Los Altos star in Peninsula Youth Theatre’s “Judy Moody Gets Famous.” Performances are scheduled Friday and Saturday.

Peninsula Yo...

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Business

Nearing V-Day: Shops stock sweets, treats

Nearing V-Day: Shops stock sweets, treats


Megan V. Winslow/Town Crier
Los Altos resident Ella Roosakos, 11, with her mother, Gail, puzzles over which Gourmet Works sweets to buy as a valentine for Ella’s friend.

The gift-buying rush isn’t exclusive to Christmas. It may jump over...

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People

ALAN RODNEY MILLS

ALAN RODNEY MILLS

Alan Rodney Mills, PhD, 83, of Los Altos passed away peacefully on Saturday, January 30th, 2016. He was born in Rochdale, England in 1933 and came to California in 1962. He was a proud alumni of Manchester Grammar in England, University of Liverpoo...

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Stepping Out

LA Stage Company’s ‘Middletown’ continues run at Bus Barn Theater

Los Altos Stage Company’s Bay Area premiere of Will Eno’s “Middletown” is scheduled to run through Feb. 21 at Bus Barn Theater, 97 Hillview Ave.

Winner of the inaugural Horton Foote Award for Most Promising New Play in 2010, ...

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Spiritual Life

A time to prepare: Fasting for Lent isn't limited to food

 

Today is Ash Wednesday, which in the Christian calendar marks the beginning of Lent – the 40 days of preparation for Resurrection Sunday, otherwise known as Easter.

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Inside Mountain View

New right-to-lease ordinance promises relief for renters

New right-to-lease ordinance promises relief for renters


Mountain View Tenants Coalition/Facebook
Residents gather in the fall to protest Mountain View’s rising rents. Rent relief is on the way in the form of a new ordinance.

A controversial Mountain View law requiring landlords to provide lease opt...

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Stocks take a licking & keep on ticking

When the stock market stalls after an exhilarating upward climb, the temptation to look for a correction is understandable.

A long list of potential negatives is on the horizon, which could cause investors and the market to pull back. However, predicting the timing for a correction is guesswork. The Affordable Care Act, scheduled to take effect Oct. 1, and other looming geopolitical events are likely to influence the market in the fall.

There is no shortage of reasons to be bearish – consumer sentiment tanked this month, turmoil rages in the Middle East, the Federal Reserve may call a halt to its bond buying and interest rates could rise rapidly.

Stocks are not cheap these days, and bull markets tend to end when shares become expensive. Investors should do their homework.

For now, solid stocks are still available at reasonable valuations, including the following two blue chips on the Town Crier “50.”

• Microsoft Corp. (MSFT; $31.60) has been on the scene since 1975. But since global personal computer shipments plunged 14 percent in the first quarter, many of the early software pioneers are navigating stormy seas.

The recent quarter marked the end of Microsoft’s 2013 fiscal year. The company earned $2.58 a share, compared with $2 a share in 2012.

Long-term investors should consider the stock-price decline as a second chance to purchase Microsoft shares on sale. The yield is heading back toward 3 percent, and the company’s outlook isn’t as dismal as PC industry sales suggest.

Once the holiday season begins, shoppers will focus on consumer electronics. Microsoft has a great opportunity to become one of the star players with its new Xbox One. Judging by past performance, Microsoft should sell more than 2 million units of the Xbox One, in addition to scores of accessories.

On average, analysts predict that Microsoft will generate $23.02 billion in revenues and 78 cents in net profits in the fourth quarter. With those results, Microsoft could make itself more attractive than the dividend yield of 2.89 percent.

Numerous analysts have downgraded Microsoft stock from a buy to a hold. The target price is $35, with a high of $41 in the future.

• IBM Corp. (IBM; $184.24) is struggling, and the time has come to decide whether its stock is attractive to new money and worthy of investment. Second-quarter sales have dropped two years in a row, with all divisions suffering varying degrees of problems.

Financial analyst and broadcaster Jim Cramer last week ranked IBM as a sell. The 52-week high is $215, and the low $184.78.

“The easy money has been made, and I would sell,” Cramer said.

IBM is not the financial powerhouse it once was. At the end of the second quarter, it had slightly under $7 billion working capital against $26.3 billion in long-term debt.

Nearly two dozen analysts, including those representing UBS and Barclays, have upgraded the stock. Most rate IBM a hold, and none calls for a sell. The mean target price is $217.50, with a high of $250.

I have a long position in both Microsoft and IBM stock, and I don’t plan to buy more of either in the next month.

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