Fri09192014

News

Meet the Mountain View City Council candidates

Meet the Mountain View City Council candidates


Nine candidates have filed to run for three open seats on the Mountain View City Council in the Nov. 4 election – none of them incumbents. The Town Crier asked them to introduce themselves to readers in the following Q&A format. We knew the...

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Schools

LASD committee looks to rank campus improvement projects

LASD committee looks to rank campus improvement projects


Traci Newell/Town Crier
The Los Altos School District’s newly expanded Facilities Advisory Committee met for the first time last week. The 28-member committee’s first task is to prioritize campus improvement projects.

The Los Altos Scho...

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Community

Sports

New-look Lancers find their footing

New-look Lancers find their footing


Ellie Van Houtte/Town Crier
St. Francis High’s Jenna Adams, left, and Carly Deale attempt to bump the ball Friday night. The juniors combined for 28 kills.

This year’s St. Francis High girls volleyball team faintly resembles last season’s squad ...

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Special Sections

MV Whisman teachers cite low pay

MV Whisman teachers cite low pay


Ellie Van Houtte/Town Crier
An estimated 75 supporters of higher teacher pay turned out for the Sept. 4 Mountain View Whisman School District board meeting.

Teachers, trustees and administrators are recovering from a dramatic Mountain View Whism...

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Business

Skin rejuvenation studio joins Rancho

Skin rejuvenation studio joins Rancho


Ellie Van Houtte/Town Crier
Esthetician Marjan Kashi showcases one of the treatment rooms at her new studio, Pure Serenity Skincare at Rancho Shopping Center. Kashi provides services including microdermabrasion and various light and heat energy the...

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Books

A woman's perspective on the Greatest Generation

A woman's perspective on the Greatest Generation


During World War II, Virgilia Short Witzel, a young mother and U.S. Navy officer’s wife, grappled on the home front in Menlo Park with wartime rationing, shortages and loneliness. During the ensuing Cold War, she experienced adventure and misadventur...

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People

JERALD (JERRY) NELSON CHRISTIANSEN

JERALD (JERRY) NELSON CHRISTIANSEN

Resident of San Jose and Los Altos, California

July 21, 1931 to August 4, 2014

Born in Arimo, Idaho, to Jerald Emmett and Rebecca Henderson Nelson Christiansen. Raised in Davis and Riverside, California, with summers in Downey, Idaho, and in Loga...

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Travel

LA photographer spends a night with cranes – and moose – in Alaska

LA photographer spends a night with cranes – and moose – in Alaska


Sandy Powell/Special to the Town Crier
Los Altos resident and bird photographer Sandy Powell recently visited Homer, Alaska, to photograph Sandhill cranes, below. While there, Powell also encountered moose, left.

Los Altos resident Sandy Powell, a...

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Stepping Out

Pear puts on a pair of plays

Pear puts on a pair of plays


J. Smith/Special to the Town Crier
Dan Kapler (as Teddy) and Betsy Kruse Craig (Trish) star in Pear Avenue Theatre’s “House.”

The Pear Avenue Theatre production of two interlocking comedies by Alan Ayckbourn – “House&...

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Spiritual Life

Back to Church Sunday offers opportunity to recommit

The children in Los Altos are back to school, and I can still hear parents cheering. Summer is officially over, even if the calendar doesn’t quite think so.

Parents have attended Back to School nights to meet their children’s teachers. B...

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Magazine

Los Altos Hills home showcases resort-inspired living

Los Altos Hills home showcases resort-inspired living


Courtesy of Spectrum Interior Design
In place of a more traditional fireplace, this modern living room features a linear-flame firebox that emits heat while offering a sculpturelike design element.

After traveling the world and visiting a host...

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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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