Sat04302016

News

Loyola Corners economics, traffic rise to top of planning concerns

Loyola Corners economics, traffic rise to top of planning concerns

Alicia Castro/Town Crier
Loyola Bridge construction parallel to the Fremont Avenue frontage may lead officials to alter circulation plans for the area.

Loyola Corners stakeholders last week mulled the issues that will likely shape the area&rsquo...

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Schools

LAHS Green Team commemorates Earth Week

LAHS Green Team commemorates Earth Week


Traci Newell/Town Crier
Los Altos High School Green Team members, above, quiz their classmates about water conservation. The club distributed plants as prizes during the club’s Earth Week activities.

Members of the Los Altos High School Green...

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Community

Local pianist, 11, slated to perform Saturday at statewide competition

Local pianist, 11, slated to perform Saturday at statewide competition


Courtesy of the Cha family
Spencer Cha plays piano at a Santa Clara University recital. The sixth-grader also enjoys soccer, tennis, golf and skiing.

Spencer Cha has come a long way since he first sat down at the piano at age 2.

“I remem...

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Sports

Spartans net second place, eye top prize next season

Spartans net second place, eye top prize next season


Megan V. Winslow/Town Crier
Jeremy Hsu, Mountain View High’s top singles player, competes against Pinewood Thursday. The Spartans won the match 7-0.

With freshmen playing the top three spots in singles, the future of the Mountain View High boy...

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Comment

Los Altos at a leadership crossroads: Editorial

Don’t look now, but there could be some major changes ahead regarding how the Los Altos city government is run.

The current city council has the opportunity to hire a new city manager in the wake of Marcia Somers’ recent resignation. Fur...

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Special Sections

How to personalize the wedding bar

How to personalize the wedding bar


Christine Moore/Special to the Town Crier
A seasonal signature cocktail adds interest beyond the standard wedding bar’s spirits and mixers. Focus on one set of fresh ingredients, such as blueberries, blackberries and mint for a dose of budget...

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Business

Farmers prepare to market season's bounty

Farmers prepare to market season's bounty


Alicia Castro/Town Crier
Journeyman farmer Jen Friedlander waters Hidden Villa’s greenhouse plants, which will grow stronger in the controlled indoor environment before being transferred to the field outdoors.

Around Hidden Villa, the gree...

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People

BUOL JOANNE DOUGHERTY

BUOL JOANNE DOUGHERTY

1930-2016

Heaven gained a beautiful angel today. Our beloved mother’s blessed life ended in her Los Altos home surrounded by her loving family on April 18, 2016.

Buol Joanne Dougherty was born Sept. 28, 1930 in Chicago. At the age of two, M...

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Stepping Out

'Catch' comes to conclusion LA Stage Co. comedy  ends run this weekend

'Catch' comes to conclusion LA Stage Co. comedy ends run this weekend


Richard Mayer/Special to the Town Crier
Bryan Moriarty, left, stars as Yossarian and John Stephen King plays the Psychiatrist in Los Altos Stage Company’s “Catch-22.”

Los Altos Stage Company’s presentation of “Catch...

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Spiritual Life

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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