Tue08192014

News

Candidates finalized for schools, councils

Candidates finalized for schools, councils


Election season is officially in full swing, as eligible candidates for various city council and school district seats met Friday’s filing deadline set by the Santa Clara County Registrar of Voters.

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Schools

Local tutoring center earns kudos in parent magazine's reader poll

Local tutoring center earns kudos in parent magazine's reader poll


Courtesy of Kobad Bugwadia
Mathnasium’s fourth-grade participants, from left, Jenna Haynie, Maelle Allanic, Tanish Gupta, Hamza Raza and David Chan, join instructors to celebrate their achievements in the tutoring center’s national TriMathlon this ...

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Community

Back to School: Tips, kits and a poem

Back to School: Tips, kits and a poem

Los Altos teachers are readying their rooms this week for the coming onslaught of students, and parents are digging back out lunch boxes and pencil cases (do we still use those?) And here in the newsroom, Town Crier writers offered a slate of back-to...

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Sports

Tyler Johnson: From hills to Heat

Tyler Johnson: From hills to Heat


Courtesy of NBAE/Getty Images
Shooting guard Tyler Johnson, a St. Francis High graduate from Mountain View, signed with the Miami Heat last week.

Signed by the Miami Heat as an undrafted free agent last week, rookie Tyler Johnson faces an uphill ba...

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Comment

Really, why the, eh, consolidation?

The recent merger (consolidation?) of the newly formed Friends of Los Altos (FOLA) and the 14-year-old civic organization Los Altos Neighborhood Network (LANN) left us puzzled.

A July 28 press release, which did not state plainly that the merger fol...

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Special Sections

Globetrotting – one glass at a time

Globetrotting – one glass at a time


Christine Moore/Special to the Town Crier
Take a tour of the world from your own picnic table with a selection of regional wines, above. Argentina’s white wines, left, pair well with a choriza pizza (see recipe on page 35).

I’m taking a...

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Business

Torrey Pines Bank names regional president

Torrey Pines Bank names regional president


Ellie Van Houtte/Town Crier
Torrey Pines Bank recently named Fred Voss its regional president for the Bay Area. The bank has branches at 20 First St. in Los Altos, above, and in Oakland and Southern California.

Torrey Pines Bank last week appointed ...

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Books

People

SHERRY DYCE BARBA

SHERRY DYCE BARBA

Sherry Dyce Barba, dear wife of Peter Barba, and a longtime resident of Los Altos, passed away peacefully on July 27, 2014, at The Forum, in Cupertino. She was surrounded by loving family members and visited continuously in her last weeks by a legi...

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Travel

Bergama bound: A visit to newest World Heritage site

Bergama bound: A visit to newest World Heritage site


Photo Eren GÖknar/ Special to the Town Crier
The amphitheater in Turkey’s ancient city of Pergamon, now known as Bergama, overlooks the Bakirçay River valley, left. The city’s ruins also include the Temple of Trajan.

It was 90 F during t...

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Stepping Out

No ‘Water’ shortage in Mtn. View


Kevin Berne/Special to the Town Crier
Elliot (Miles Gaston Villanueva) struggles to understand Odessa’s (Zilah Mendoza) online activity in TheatreWorks’ regional premiere of the Pulitzer Prize-winning drama “Water by the Spoonful....

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Spiritual Life

Spiritual Briefs

Meditation group meets at Foothills Congregational

A Weekly Meditation Practice group meets 7-8:15 a.m. Tuesdays at Foothills Congregational Church, 461 Orange Ave., Los Altos.

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Magazine

Festival features fun for everyone

Festival features fun for everyone


TOWN CRIER FILE PHOTO
The Los Altos Arts & Wine Festival boasts more than 375 craft and arts booths.

This weekend’s 35th annual Los Altos Arts & Wine Festival promises to be jam-packed with fun activities for just about everyone. The eve...

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Dow drops HP, Alcoa and BofA

After the stock market closes Friday, the Dow Jones industrial average index of 30 stocks will drop Hewlett-Packard Co. and two other financial mainstays – Alcoa Inc. and Bank of America Corp.

News of the change raises questions among the followers of the Dow and McGraw Hill Financial, which controls the average. McGraw Hill representatives claim that they want to diversify the sectors in the index. The three replacement stocks are Goldman Sachs Group Inc., Visa Inc. and Nike Inc.

The reason is more likely that the stock prices of HP, Alcoa and Bank of America remain low, and the Dow would rather comprise higher-priced winners.

The average divisor will be adjusted before the market opens Monday, so the changes won’t impact the level of the Dow the same as when a stock splits or a spin-off occurs.

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

• Apple Inc. (AAPL; $450.36) unveiled its high-end iPhone 5s and the cheaper, more colorful iPhone 5c, putting an end to the secrecy. Company representatives said the iPhone 5s is twice as fast as the iPhone 5, with an improved camera, a new microchip and a finger sensor.

Apple’s stock plunged during the company’s rollout last week. Analysts suggested that consumers expected more, including stepped-up features not found in other phones.

Analysts are not impressed with Apple’s new iPhone lineup. One analyst cut the stock’s target price to $425 and trimmed the 2014 earnings estimate to $37.95 per share, down from $38.78.

A recent CNET poll revealed that 54 percent of respondents consider Apple a leading innovator, while 46 percent see it falling behind.

The lack of a deal to sell iPhones through China Mobile to more than 700 million subscribers also weighed on Apple shares. If Apple seals a deal with China Mobile, investors and analysts will likely push the stock again.

Apple’s stock is down 14 percent year-to-date and 31 percent over the past 12 months.

The median target price for Apple stock is $540, with a high of $825 – a large disparity. The upgrade and downgrade history is mixed, with most analysts favoring a hold or a neutral position.

• Facebook Inc. (FB; $43.32) stock is now more than $45 per share, marking its all-time high and up 17 percent since its initial public offering at $38 in July 2012.

Investors believe that the social-networking service will benefit from the growing demand for advertising on smartphones and tablets. With more than 1 billion members, Facebook has worked to simplify the ad-buying process for marketers.

Mobile ads totaled 41 percent of advertising revenue in the second quarter, up from 30 percent in the first quarter. While there is a growing acceptance that Facebook is not a fad, the company must continue to drive business from desktop ads to smartphones and tablets.

Second-quarter sales rose 53 percent to $1.81 billion, topping analysts’ prediction of $1.62 billion.

Whereas most analysts previously suggested a downgrade for Facebook stock, they have changed their tune in the past three months, upgrading it to a buy or neutral. The mean target price is $42, with a high of $60.

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