Wed08052015

News

Residents help police nab burglary suspects

Residents help police nab burglary suspects


Courtesy of Los Altos Police Department
Police used security-camera footage to identify two burglary suspects.

With assistance from the public, Los Altos Police identified two suspects in a residential burglary earlier this year. Police arrested...

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Schools

BCS parents host summer bridge camp for students in need

BCS parents host summer bridge camp for students in need


Zoe Morgan/Town Crier Editorial Intern
Bullis Boosters Summer Bridge Camp counselor Sonia Uppal teaches students the basics of computer coding last week.

The Bullis Boosters Summer Bridge Camp aims to reduce the achievement gap by offering a hands-...

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Community

Los Altos resident continues work toward eradicating No. 1 cause of infant deaths

Los Altos resident continues work toward eradicating No. 1 cause of infant deaths


Courtesy of Marge Shively
Kathy Radford, from left, Ann Roper, Sandy Harapat, Betty Gillmore, Jane Halligan and Laura Griswald stuff envelopes to raise money for spinal muscular atrophy research.

Proceeds from the 13th annual NorCal Walk-n-Roll,...

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Sports

Lovin' Levi's

Lovin' Levi's


Megan V. Winslow/Town Crier
Mountain View’s Austin Johnson, running after the catch, played multiple positions in Saturday’s game.

For Mountain View High’s Austin Johnson and Homestead’s John Rak, the highlight of playing in Saturday’s 41st annu...

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Comment

My solar clothes dryer: A Piece of My Mind

My cousin periodically sends me Internet nostalgia with comments along the lines of “Are you old enough to remember this?” One of her recent items struck me as newly useful in our energy-conservation-conscious times:

The Basic Rules for ...

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Special Sections

Killer crossover

Killer crossover


Gary Anderson/Special to the Town Crier
The 2016 Mercedes-Benz GLC crossover is scheduled to debut this fall in the United States.

After a press drive through the Alsace wine region between France and Germany in the 2016 Mercedes-Benz GLC, we have ...

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Business

Cetrella ventures from seaside to Silicon Valley

Cetrella ventures from seaside to Silicon Valley


Alicia Castro/Town Crier
Managing partner M’hamed Bahet oversees the new downtown Los Altos restaurant Cetrella, which features coastal cuisine and decor that celebrates the Peninsula region.

“Rustic,” “worldly” and ...

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Books

Book Signings

• Fritz and Nomi Trapnell have scheduled a book-signing party 4-6 p.m. Aug. 1 at their home, 648 University Ave., Los Altos.

Fritz and his daughter, Dana Tibbitts, co-authored “Harnessing the Sky: Frederick ‘Trap’ Trapnell, ...

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People

LILLIAN FLORENCE SLAVIN

LILLIAN FLORENCE SLAVIN

April 9, 1921 – July 17, 2015

Lillian Florence Slavin, long-time resident of Los Altos and The Forum at Rancho San Antonio, died peacefully on July 17, 2015.  She was 94 years old.

Lillian was born on April 9, 1921 to William Broadley and Fl...

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Travel

Gearing up: Make travel more civilized with accessories

Gearing up: Make travel more civilized with accessories


Eren Göknar/Special to the Town Crier
San Francisco-based humangear Inc. sells totes, tubes and tubs for traveling.

In travel, as in romance, it’s the little things that count.

Beyond the glossy brochures lie the travel discomforts too mun...

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Stepping Out

Funny 'Forum'

Funny 'Forum'


David Allen/Special to the Town Crier
Foothill Music Theatre’s “A Funny Thing Happened on the Way to the Forum” features, from left, Tomas Theriot, Todd Wright, Mike Meadors and Ray D’Ambrosio.

Some plays are meant to be quite serious, while oth...

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Spiritual Life

Life is fleeting – and you can't take stuff with you

Anyone who knows me knows that I love going to garage and estate sales. I love a bargain. I have enough stuff to live on, so now I seek out things that are interesting to me. I like looking for interesting artwork, though now my wife has tasked me ...

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Magazine

Inside Mountain View

Residents gather at NASA Ames for Pluto Flyby event

Residents gather at NASA Ames for Pluto Flyby event


Megan V. Winslow/Town Crier
NASA Ames’ Pluto Flyover event kindles the imaginations of young attendees.

Sue Moore watched the July 20, 1969, moon landing beside patients and staff members of the San Francisco hospital where she worked as a nurse...

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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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