Sat11012014

News

Spooktacular moved indoors


Due to rain, today's downtown Los Altos Halloween activities have been moved to the indoor courtyard of Play! at 170 State St. Enter from the back on the parking lot side to participate in crafts, games and fun. Activities continue until 4 p.m.

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Schools

Gardner Bullis School debuts new Grizzly Student Center

Gardner Bullis School debuts new Grizzly Student Center


Photo by Ellie Van Houtte/Town Crier
Students line up to check books out of the library in the new Grizzly Student Center at Gardner Bullis School.

Gardner Bullis School opened its new Grizzly Student Center earlier this month, introducing a lea...

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Community

Home improvement workshop scheduled Wednesday (Oct. 29)

The County of Santa Clara is hosting a free informational workshop on 6:30 p.m. Wednesday at Los Altos Hills Town Hall, 26379 Fremont Road.

The workshop will offer ways single-family homeowners can increase their homes’ energy efficiency. Eligible i...

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Comment

Off the fence: TC recommends 'yes' on N

The Town Crier initially offered no position on the controversial $150 million Measure N bond on Tuesday’s ballot. But some of the reasons we gave in our Oct. 15 editorial were, on reflection, overly critical and based on inaccurate information.

We ...

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Special Sections

Long-term solutions emerge as water conservation goes mainstream

Long-term solutions emerge as water conservation goes mainstream


Ellie Van Houtte/Town Crier
Forrest Linebarger, right, installed greywater and rainwater harvesting systems at his Los Altos Hills home.

With more brown than green visible in her Los Altos backyard, Kacey Fitzpatrick admits that she’s a little e...

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Business

Local realtors scare up money for charity

Local realtors scare up money for charity


Photo courtesy of SILVAR
Realtors Gary Campi and Jordan Legge, from left, joined Nancy Domich, SILVAR President Dave Tonna and Joe Brown to raise funds for the Silicon Valley Realtors Charitable Foundation.

Los Altos and Mountain View realtors raise...

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Books

Helping kids catch a few Zs: Local dental hygienist pens meditative bedtime book

Helping kids catch a few Zs: Local dental hygienist pens meditative bedtime book


Ellie Van Houtte/Town Crier
Mimi Sommers, who works at a Los Altos dentist’s office, recently wrote a children’s book.

A local dental hygienist recently published a book that aims to ease parents and children during a sometimes anxious e...

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People

DAVID S. NIVISON

DAVID S. NIVISON

David S. Nivison, 91 years old, and a resident of Los Altos, California since 1952, died Oct. 16, 2014 at home.  His neighbors had recently honored him as the “Mayor of Russell Ave., in recognition of 62 years of distinguished living” on that ...

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Travel

Falling leaves: Four places in California to see autumn colors

Falling leaves: Four places in California to see autumn colors


Courtesy of Castello di Amorosa
Castello di Amorosa in Calistoga, above, boasts a beautiful setting for viewing fall’s colors – and sampling the vineyard’s wines.

Yes, Virginia, there is fall in California.

The colors pop out in...

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Stepping Out

ECYS opens season Sunday

ECYS opens season Sunday


Ramya Krishna/Special to the Town Crier
The El Camino Youth Symphony rehearses for Sunday’s concert, above.

The El Camino Youth Symphony – under new conductor Jindong Cai – is scheduled to perform its season-opening concert 4 p.m....

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Spiritual Life

Christian Science Reading Room hosts webinar on prayer and healing

Christian Science practitioner and teacher Evan Mehlenbacher is scheduled to present a live Internet webinar lecture, “Prayer That Heals,” 7:30 p.m. Nov. 14 in the Christian Science Reading Room, 60 Main St., Los Altos.

Those interested ...

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Magazine

Local events add color to autumn calendar

Local events add color to autumn calendar


Van Houtte/town crier Visitors make their way through the Children’s Alley.

As Los Altos’ signature Chinese Pistache trees exchange their summer green for vibrant hues of yellow, orange and red in the fall, an abundance of local events also ad...

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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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