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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August proved bad news for market

With a rocky August in the rearview mirror, tensions in Syria pushing oil prices to their highest level this year and the Federal Reserve’s indecision on tapering off its bond-buying program, it’s time for investors to take stock.

U.S. stocks closed modestly higher Thursday as the economy began to show signs of improvement – even as the Syria disaster plays out. While many investors expect a U.S. military strike in the wake of Syria’s alleged poison-gas attacks, analysts do not fear a long-term impact on the market. Compared with other investments, many analysts still believe stocks are the only game in town and look beyond crisis in the Middle East.

Market bulls argue that valuations are still well below prior bull-market peaks and that company earnings and dividends are still rising. That data could also bolster the case for the Fed to wind down its stimulus program sooner.

Historically, August has never been an exciting month for the market. A failed attempt at new highs would suggest that the primary trend has turned bearish, but consumer sentiment is on the rise and investors are still in the game.

Town Crier “50” company Intuit Inc. (INTU; $63.57) trumpeted the launch of the Intuit QuickBooks Cloud ProAdvisor Program last week, which should be a boon for management solutions. The program is designed to help accounting professionals start and grow their practices using Intuit’s free leading online financial and employee solutions.

“The cloud is no longer a new concept,” said Louis Sanchez, director at Intuit. “It is a necessary platform for accounting professionals to leverage in order to launch their practices and meet clients’ needs.”

The Mountain View-based Intuit provides business and financial solutions for small businesses, consumers and accounting professionals. Founded in 1983, the company sells its products and services via various sales and distribution channels. Most consumers are aware of Quicken’s line of desktop software products that reconcile bank accounts, pay bills and track investments. TurboTax, Intuit’s flagship product, is a familiar interface for users during tax season.

The company released its fiscal fourth-quarter results last week, and the numbers failed to impress analysts. On an adjusted basis, the company broke even on a per-share basis. Revenue grew 12 percent to $634 million.

Intuit’s upgrade and downgrade history has varied, with most analysts deeming the stock a hold. The mean target price is $68.53, with a high of $80.

Looking ahead

Projections from research firm International Data Corp. last week may herald trouble for three Town Crier “50” companies.

The future for personal-computer makers and component suppliers grows bleaker – IDC cut its unit-shipment forecasts for the computer tech sector.

IDC predicted that worldwide PC shipments would fall by 9.7 percent in 2013 and 2 percent in 2014. After 2015, the company forecasts single-digit growth.

The PC market is experiencing its longest market contraction on record, largely because customers are purchasing tablets and smartphones rather than replacing their PCs. IDC projects that 315 million PCs will be shipped this year, compared with 349 million in 2012.

The forecast is bad news for Hewlett-Packard Co. (HPQ; $22.35). In the second quarter, China-based Lenovo rose to the No. 1 PC vendor ranking, pushing HP to No. 2.

Intel Corp. (INTC; $22.02) continues to focus aggressively on mobile products to offset pressure from declining computer and chip sales.

Microsoft Corp. (MSFT; $33.40) is in talks to buy stakes in other companies to compensate for problems after the release of Windows 8.

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