Wed09022015

News

West Nile fogging commences today

West Nile fogging commences today


Courtesy of the Santa Clara County Vector Control District
Fogging commences Wednesday within the highlighted area.

The detection of West Nile Virus-infected mosquitos means that Santa Clara County officials will begin mosquito fogging operations...

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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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Consumer sentiment at nine-month low

One reason for optimism regarding corporate growth is the recent strength of economically sensitive stocks like Tesla Motors Inc. (TSLA) and Facebook Inc. (FB), both local corporate entities reaching all-time highs.

On a national level, there is overall concern because of a lack of excitement from the Dow Industrials, which have yet to close above their Sept. 18 all-time high of 15,676.94. A move above that level would confirm a bullish trend for investors.

The latest disappointing September jobs report and falling consumer sentiment for the future may help explain this hesitancy. The University of Michigan’s October consumer confidence rating fell 2 percent to 73.2, the lowest reading since December 2012.

One of the main reasons for the decline was the first federal government shutdown in 17 years, which undermined Americans’ outlook on the economy.

Sliding consumer confidence could affect holiday spending and the stock market, as the recent Congressional deal is only a temporary fix. Our federal government could provide us with renewed fiscal debates by the year’s end and into 2014.

Town Crier stocks of interest:

• Microsoft Corp. ($35.53; MSFT) surprised the market last Thursday with its quarterly profit and revenue forecasts. Revenue rose 16 percent to $18.5 billion while analysts had expected $17.8 billion.

First quarter sales posted a 17 percent increase in profit to $5.2 billion or 62 cents per share, up from $4.5 billion or 53 cents per share in the year-ago quarter.

Many analysts trimmed profit margins after Chief Executive Steve Ballmer announced his retirement and the company acquired Nokia’s handset business while the core computer business was decreasing.

Microsoft broke out sales of its Surface tablets for the first time, which doubled from the previous quarter. Surface tablet sales increased to $400 million due to rising interest in the smaller, discounted Surface RT model.

Chief financial officer Amy Hood said, “We look forward to our second quarter where our enterprise business will be strong and we are set for a fantastic holiday season with Surface, Xbox One and a host of devices from our partners.”

Recent upgrade and downgrade history has Microsoft in a downgrade phase from a buy to a hold. Mean target price is $35 and high target is $42.

• Cisco Systems Inc. ($22.51; CSCO) shares have dropped 14 percent since the company posted July quarter results in August and this recent drop disappointed cautious investors. Its share price remains nearly 75 per cent below its all-time high.

Price/earnings ratio, at about 15, is lower than the S&P 500 rating at 18 and this concerns investors. Cisco sells great routers, but is running into competition from cheap routers.

Last week Cisco announced its next “vision for collaboration,” which focuses on a modern workspace that enables workers to work smarter and allows teams to instantly connect and communicate.

Cisco suffers from weak trends in profit estimates and share-price action and has recently been downgraded by numerous analysts. For example, MKM Partners LLC downgraded the stock from a buy to neutral Oct. 16. Other analysts consider Cisco a buy and a long-term buy. High target price is $32.

Clyde Noel is a Los Altos Hills resident and a longtime stock investor.

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