Sat12202014

News

Council seeks more options for community center

Council seeks more options for community center


Town Crier File Photo
The Los Altos City Council approved an appropriation to examine options for a new community center to replace the aging Hillview facility.

The Los Altos City Council last week voted narrowly in favor of examining further opti...

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Schools

Local schools participate in  national Hour of Code activities

Local schools participate in national Hour of Code activities


Ellie Van HOutte/Town Crier
Himan Shu Raj, a volunteer from Microsoft, advises Los Altos High ninth-graders, from left, Serhat Suzer, Jamie Bennett and Chris Yang as they participate in the school’s Hour of Code Showcase.

Local schools participa...

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Community

Take a dive into the holiday archive

Take a dive into the holiday archive

Town Crier staff made a quick cruise back through the newspaper's archives to find some late-December reading as inspiration for eating, drinking, decorating and more:

Beloved holiday books build the spirit of the season and staff at Los Altos’ Li...

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Sports

Pinewood poised for another title run

Pinewood poised for another title run


Ellie Van Houtte/Town Crier
Pinewood’s girls basketball team is receiving contributions from several new players, including freshman Stella Kailahi, above.

Complacency shouldn’t be a problem for the defending Division V state champion Pinewood S...

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Comment

Letters to the Editor

Ticket motorists for U-turns on Main Street

As I was walking downtown on Main Street recently, something came to me out of the blue. The town of Los Altos is missing out on a huge revenue stream. I realized that if all the cars – there were th...

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Special Sections

Looking Ahead

Looking Ahead


s in line to be mayor of Mountain View in 2015.

Mountain View anticipates the following changes in 2015:

• Beginning Jan. 1, Mountain View City Councilmembers will receive a raise to $1,000 per month as a result of the passage of Measure A in...

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Business

Your 2015 stock market game plan

It’s been a maddening month because of oil and gas, especially in stocks and bonds. Then, consumer spending pushed stocks higher Thursday, easing investors’ jitters about the global economy and prompting them to consider how to invest in ...

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Books

Gawande's

Gawande's "Being Mortal" proves an important book on aging


Books about death and dying are usually not on my list of “must reads.”

I couldn’t resist, however, the best-selling “Being Mortal: Medicine and What Matters in the End” (Metropolitan Books, 2014) by Atul Gawande.

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People

SANGEETA SACHDEVA

SANGEETA SACHDEVA

Sangeeta Sachdeva, 55, wife of Subhash Sachdeva and mother to Natasha and Tanya, died at 8:54pm, Sunday, December 7, 2014 from respiratory failure.

Sangeeta was born on October 18, 1959 in Delhi, India. She was born to Moti Sagar and Raj Kapoor an...

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Travel

South Tahoe renovations enhance off-mountain seasonal fun

As any enthusiast knows well, there is more to the enjoyment of winter sports than skiing or snowboarding.

While many winter resorts make minor upgrades each season, the off-mountain attractions and amenities can be as enticing as the activities on ...

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Stepping Out

Aurora Singers to emit 'Musical Glow' Friday

Aurora Singers to emit 'Musical Glow' Friday


courtesy of Aurora Singers
The Aurora Singers are scheduled to perform a seasonal concert Friday night in Palo Alto.

The Aurora Singers’ “Winter’s Musical Glow” holiday concert is set for 7 p.m. Friday at the Unitarian Universalist Church of Pal...

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Spiritual Life

Enter the superhero: Finding the God who loves you

In my life-coaching practice, I see a lot of pain. Much of it stems from fear and guilt, often expressed as low self-esteem, anxiety, a lack of forgiveness both for oneself and others, anger – and so on.

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Magazine

Christmas At Our House home tour celebrates 26 years

Christmas At Our House home tour celebrates 26 years


Courtesy of Christopher Stark
Homes on the St. Francis High School Women’s Club’s Christmas at Our House Holiday Home Tour showcase a variety of architectural styles.

The days grow short on sunshine but long on nostalgia as the holidays approach...

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News of debt deal rejuvenates market

Prodded by a last-minute budget deal in the U.S. Congress Thursday, the stock market rebounded, with the S&P 500 index and the Dow Jones industrial average surging on news of the federal government dodging default.

With the debt-ceiling crisis in the rearview mirror for now, the focus turns to corporate earnings. More than 140 companies on the S&P 500 are scheduled to report their earnings this week, and the market could assume a different posture.

The third-quarter earnings of big public companies announced so far are unimpressive. Although companies are beating their earnings estimates, it’s largely because they have lowered expectations.

While the lingering effects of the government shutdown and debt-ceiling brinksmanship are likely to weigh on near-term economic numbers, the market needs to look past these hiccups for the third-quarter earnings season to go well.

Two Town Crier “50” companies issued quarterly earnings reports last week.

• IBM Corp. ($173.29; IBM) shares tumbled after the market opened Thursday, hitting a two-year low of $174.53. IBM’s third-quarter revenue dropped, missing Wall Street forecasts by more than $1 billion.

The company reported net income of $4 billion, a 6 percent increase over the same period last year, but the company’s revenue dropped 4 percent to $23.7 billion, falling short of expectations.

The revenue shortfall prompted analysts to offer new price targets for the stock. A Jefferies analyst backed his hold rating but cut his price target to $190, while a Citicorp analyst maintained his buy rating but lowered his price target by $15. Barclays downgraded its rating from overweight to equal weight, reducing its low target price to $175.

• Intel Corp. (INTC; $24.06) released its third-quarter results last week. Despite beating expectations on a modest level, the current-quarter revenue outlook fell short and the company warned of delays with production of its upcoming Broadwell processors.

The company’s $3 billion profit was down 1 percent from a year ago, and sales of $13.5 billion were up a fraction at 58 cents per share. Analysts had predicted 53 cents per share on sales of $13.47 billion.

The world’s top chipmaker expects that the current Haswell PC processor, with improved battery life, will boost sales for the rest of 2013 but noted that preparations for the Broadwell chip are lagging.

Intel’s earnings are regarded as a barometer of the overall tech industry’s health. The chipmaker’s problems result from declining PC sales, the source of two-thirds of its revenue. Worldwide PC shipments in the third quarter fell 8.6 percent from last year.

In his third-quarter report, Intel CEO Brian Krzanich promised that sales of inexpensive tablets and computers would dominate the holiday season.

Intel’s upgrade and downgrade history is primarily a hold, with a few analysts deeming the stock an outperform. The median target price is $23, with a high of $30. The dividend yield is 3.9 percent.

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