Mon03302015

News

Safeway escalator elicits safety concerns from customers

Safeway escalator elicits safety concerns from customers


MEGAN V. WINSLOW/Town Crier
The escalator at the Safeway on First Street poses a safety hazard, some customers allege.

A Safeway shopper who accidentally placed his cart last month on the customer escalator instead of the shopping cart track next to...

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Schools

Los Altos High hosts 30th Writers Week

Los Altos High hosts 30th Writers Week


Above Photo by Traci Newell/Town Crier;
Author Jack Andraka shares his story with fellow high school seniors during Los Altos High School’s Writers Week last week.

Los Altos High School students learned firsthand last week how professionals ...

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Community

Service dogs bring smiles, comfort to veterans at Foothill College center

Service dogs bring smiles, comfort to veterans at Foothill College center


Photos by Megan V. Winslow/Town Crier
Charles Viajar, student and U.S. Navy veteran, brings his four-legged companion Bruno to the Veterans Resource Center at Foothill College. Bruno, a 2-year-old Imperial Shih Tzu, is trained to assist Viajar with...

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Sports

Improbable run to NorCal semis saves season for St. Francis girls

Improbable run to NorCal semis saves season for St. Francis girls


Megan V. Winslow/Town Crier
St. Francis High’s Daisha Abdelkader goes on a fast break in the CCS Division II final. The senior point guard scored eight points in the Lancers’ NorCal semifinal loss to Dublin last week.

Senior Daisha Abdel...

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Comment

We'll buy it; what is it? Editorial

Would you buy a device on the condition that you are kept in the dark about how it works? Would you feel good about purchasing such a device when the contract even calls for nondisclosure of the nondisclosure form that keeps the device top secret?

T...

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Special Sections

MV resident, engineer applies brainpower to screenplays

MV resident, engineer applies brainpower to screenplays


Alicia Castro/Town Crier
High-tech vice president by day, screenwriter by night, Mountain View resident Robert Frostholm pursues his passion for storytelling.

Robert Frostholm has always been a storyteller.

Until a couple of years ago, however, hi...

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Business

Vintage Bath changes hands as new owners add twist to classic offerings

Vintage Bath changes hands as new owners add twist to classic offerings


Alicia Castro/Town Crier
Vintage Bath, the downtown Los Altos showroom, is under new leadership. Taking over are, from left, co-owners Jerry Rudick and Deena Castello and marketing and visual director Alissa McDonald.

Deena Castello – the new cu...

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Books

'Pope Joan' Book weaves tale around legend of female pontiff

'Pope Joan' Book weaves tale around legend of female pontiff


The idea that there may have a female pope at one time in history has generated much speculation throughout the centuries. “Pope Joan” (Crown, 1996) by Donna Woolfolk Cross, does not answer the question; rather, the author has created a detai...

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People

BEVERLEY JEANE (DORSEY) MCCHESNEY

BEVERLEY JEANE (DORSEY) MCCHESNEY

1944-2014

Beverley McChesney passed away at El Camino Hospital in Mountain View, CA on Sunday, Nov. 16. She had been fighting cancer for about 23 years until it went into her lungs.

She is survived by her husband David, of Cloverdale; her sisters...

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Travel

Eat, hike, soak: Cavallo Point Lodge offers Marin experience

Eat, hike, soak: Cavallo Point Lodge offers Marin experience


Eren Göknar/ Town Crier
Cavallo Point Lodge comprises former U.S. Army buildings, like the Mission Blue Chapel, repurposed for guests seeking a luxurious getaway.

It used to be a place where batteries of soldiers lived, with officers’ quarter...

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Stepping Out

Cal Pops performs Sunday at Foothill

Cal Pops performs Sunday at Foothill


Courtesy of Cal Pops
The Cal Pops trumpet section includes Dean Boysen, from left, Bob Runnels and Noel Weidkamp.

The California Pops Orchestra is scheduled to perform “Swing Time!” – a musical tour of Big Band hits from the 1930...

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Spiritual Life

Oshman JCC hosts panel on Judaism and Science

The Oshman Family Jewish Community Center has scheduled its inaugural Judaism and Science Symposium, “An Exploration of the Convergence of Jewish & Scientific Thought,” 5 p.m. April 12 at the JCC’s Schultz Cultural Arts Hall, 39...

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Magazine

Food for thought: Hidden Villa programs offer teens training in sustainability on the farm

Food for thought: Hidden Villa programs offer teens training in sustainability on the farm


/Town Crier It’s not all cute and cuddly for teens participating in the eight-week Animal Husbandry Apprenticeship program at Hidden Villa in Los Altos Hills. Mia Mosing of Palo Alto, left, and Sophia Jackson of Los Altos clean the pigpens – one of...

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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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