Wed09022015

News

West Nile fogging commences today

The detection of West Nile Virus-infected mosquitos means that Santa Clara County officials will begin mosquito fogging operations today in parts of Los Altos, Los Altos Hills, Mountain View and San Jose.

Weather permitting, Santa Clara County Vecto...

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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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Rising market tide lifts all boats

Investors have enjoyed an incredible market run, with the S&P 500 and the Dow Jones industrial average rocketing to new highs on a broad rally that resembles a rising tide that lifts all boats. As of Friday, bullish investors were happy, largely thanks to the Federal Reserve’s unexpected decision to continue its stimulus program.

The outlook isn’t totally rosy, though, as Republicans play hardball with threats of an imminent government shutdown. With decisions on the Affordable Care Act, the budget and the debt ceiling looming, the market is likely to react with uncertainty in coming weeks.

Given the record rallies, however, investors should maintain a nearly full posture, looking for stocks with established value.

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

• Oracle Corp. (ORCL; $34.09) reported first-quarter earnings of $2.19 billion, beating expectations and topping the previous year’s first-quarter earnings by 8 percent.

Revenues of $8.37 billion resulted in a profit of 47 cents per share. The results exceeded the expectations of numerous analysts, who had anticipated 44 cents per share.

The Redwood City-based company faces reduced global demand for information technology and must battle smaller companies that provide software online. Oracle’s software licenses and cloud subscriptions rose 5 percent, but its hardware sales fell 13 percent year-over-year.

Oracle’s days as a tech behemoth may be in the past, as cloud computing continues to take a large bite out of the old-style firms.

Oracle’s recent upgrade and downgrade history is favorable, with numerous analysts rating its stock an outperform or a buy. The median target price is $36, with a high of $43.

• Electronic Arts Inc. (EA; $26.44) last week appointed Andrew Wilson its new CEO. He has been with Electronic Arts since 2000 and served as executive vice president of EA Sports since 2011.

The move comes six months after former CEO John Riccitiello resigned after six years as CEO and COO. In his resignation letter, he cited “the shortcomings in our financial results this year.”

In a letter posted on the company’s website, Wilson said he envisions Electronic Arts as the “world’s greatest games company” but added that “we have plenty of work ahead to ensure our collective success.”

Wilson will receive an annual base salary of $800,000, with a target bonus of $1.2 million, or 150 percent of his salary.

Electronic Arts’ upgrade and downgrade history has taken a positive turn, with analysts’ lately deeming its stock a buy or accumulate. The mean target price is $28, with a high of $31.

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