Tue11252014

News

LA council votes to delay community center update

LA council votes to delay community center update


Ellie Van Houtte/ Town Crier
The Los Altos City Council voted to delay adoption of a community center conceptual design plan last week. The plan includes elements from a design charette held earlier this fall, left.

The Los Altos City Council last...

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Schools

Scientists bring experiments into MV classrooms

Scientists bring experiments into MV classrooms


Ellie Van Houtte/Town Crier
During a Science is Learning geology lesson, Theuerkauf Elementary School students learn about igneous rocks by observing how sugar changes form when heated.

Hundreds of local elementary students perform experiments w...

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Community

Local actors star in PYT's 'Oklahoma!'

Local actors star in PYT's 'Oklahoma!'


Courtesy of Peninsula Youth Theatre
PYT’s “Oklahoma!” features, from left, David Peters of Mountain View, Jenna Levere of Los Altos and Kai Wessel of Mountain View.

Time is running out to catch Peninsula Youth Theatre’s production of “Oklahoma!”...

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Sports

Eagles advance

Eagles advance


Ellie Van Houtte/Town Crier
Los Altos High’s Carmen Annevelink, left, and Kristen Liu put up a block against Mountain View. Annevelink totaled 20 kills.

Mountain View High’s out-of-the-gate energy could last for only so long against rival and he...

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Comment

Coping with addictions: Haugh About That?

Preparing to deal with my lifelong addiction, I stood in front of the mirror ready to confess the shame I’d been hiding. The first step to healing, I reminded myself, is to admit something is wrong.

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Special Sections

NASA, Google agreement preserves Hangar One

NASA, Google agreement preserves Hangar One


Bruce Barton/Town Crier
Hangar One, pictured here last January, will be restored under an agreement between Google and NASA.

NASA and Google Inc. forged an agreement last week that allows Google to lease a portion of NASA’s historic Moffett Fede...

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Business

State Street science center closing Nov. 30

State Street science center closing Nov. 30


Ellie Van Houtte/
Helix at 316 State St. is closing after the completion of a one-year grant from Passerelle Investment Co. The science center became a popular destination because of its various exhibits. Town Crier

A popular downtown destination...

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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

JAMES WINDELL SMITH

JAMES WINDELL SMITH

January 11, 1939 – November 6, 2014
Resident of Mountain View

James Windell Smith, a 40 year resident of Los Altos, passed away from complications after a post-surgery stroke November 6th, 2014 in Los Gatos, California.

Born on January 11, 1939 on...

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Travel

Olive Sonoma: There's more to the quaint town than wine

Olive Sonoma: There's more to the quaint town than wine


Eren Göknar/ Special to the Town Crier
While many day-trippers may think that Sonoma is all about the grapes, the region boasts other delights. Try a biplane ride over the patchwork landscape.

Sonoma, a scenic two-hour drive from Los Altos, boa...

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Stepping Out

LA Stage Company opens 'Fairway'

The Los Altos Stage Company production of Ken Ludwig’s new comedy “The Fox on the Fairway” is slated to run Thursday through Dec. 14 at Bus Barn Theater, 97 Hillview Ave.

A tribute to the English farces of the 1930s and 1940s, “Fox” is a romp that p...

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Spiritual Life

Author of Jewish historical novel slated at Congregation Beth Am

Author of Jewish historical novel slated at Congregation Beth Am


The Beth Am Women have scheduled “A Conversation with Author Maggie Anton” 7:30 p.m. Nov. 20 at Congregation Beth Am, 26790 Arastradero Road, Los Altos Hills.

Anton, winner of the 2012 National Jewish Book Award for Fiction, will discu...

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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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Keep calm after recent market retreat

After five days of Dow Jones industrial average turmoil, it was a relief to see the market rising again last week. In the wake of the steady decline, the Dow now stands approximately 4.9 percent below its Aug. 2 all-time closing high.

Investors may be inclined to view the five-day retreat as a significant secondary correction and assume that there is no shortage of reasons to be bearish, given the Federal Reserve’s noncommittal approach to tapering off its bond-buying program.

According Michael Strauss, Common Fund’s chief investment strategist, the Fed’s reduction of asset purchases will “signal a stronger economy, which will be good for stocks.”

“Stay calm here and look at the taper, look at the reasons why it might occur,” Strauss said last week. “If it’s because the economy’s doing a little bit better, that’s actually a good thing.”

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

• Hewlett-Packard Co. (HPQ; $22.49) released disappointing third-quarter results last week, prompting the stock price to tumble.

Officials at HP, the world’s largest computer manufacturer, reported that the company made $1.4 billion in profit on sales of $27.2 billion in the third quarter, or 71 cents per share. The numbers beat analysts’ projection of 61 cents, but quarterly revenue dropped 8 percent.

CEO Meg Whitman subsequently hit the airwaves to answer for the poor showing. In an interview Friday morning on CNBC, Whitman claimed that HP is on track with regard to its five-year turnaround plan and outlined how acquisitions are part of her long-term strategy. The company is in a position, she said, to rethink its capital allocation strategy.

“Acquisitions will become part of our future,” she added. “We have our eyes on a number of areas. Some are in the $100 million to $300 million range and perhaps some up to $1.5 billion.”

HP’s sales and profits derive primarily from personal computers and printers, sales of which are in decline as consumers flock to purchase iPhones and tablets. Revenue in HP’s Computer Division declined 11 percent from a year earlier, and the printing business fell 4 percent.

During Whitman’s CNBC appearance, host Jim Cramer noted that HP has some “cool” new products in the works, including Moonshot, a software-defined server that can harness Internet traffic for enterprises. Cramer noted that Hewlett-Packard needs three things: “new products, worldwide growth and a lot of luck.”

• Cisco Systems Inc. (CSCO; $23.94) shares have fallen since the company released its July-quarter earnings. Although slightly above expectations, results proved disappointing.

For the quarter, earnings per share came in at 52 cents – besting analysts’ consensus estimate of 51 cents – and revenues totaled $12.4 billion. Cisco generated a record $4 billion in operating cash flow for the quarter.

The company announced plans to cut 4,000 jobs, approximately 5 percent of its workforce. The layoffs represent a diversion of resources to newer, faster-growing areas like cloud computing, mobility and Internet products.

Despite the setback, Cisco, one of the key suppliers of telecommunications and networking equipment for the Internet, continues to gain market share. Since initiating a dividend in March 2011 at a quarterly rate of 6 cents per share, it has more than doubled last year’s quarterly dividend with a 2.80 percent yield and an annualized dividend payout of 68 cents per share.

Some analysts advise caution with regard to Cisco stock, but others suggest an upgrade from cautious to neutral or market perform. The median target price is $28, with a high of $32.

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