Tue09302014

News

Meet the Santa Clara Valley Water District Board of Directors candidates

Meet the Santa Clara Valley Water District Board of Directors candidates

Two candidates have filed to run for the District 7 seat on the Santa Clara Valley Water District Board of Directors in the Nov. 4 election. The water district, established in 1929, oversees and protects water resources in Santa Clara County....

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Schools

New LAHS assistant principal focuses on school activities

New LAHS assistant principal focuses on school activities


Ellie Van Houtte/Town Crier
Suzanne Woolfolk, assistant principal at Los Altos High, teaches a leadership course for Associated Student Body leaders.

Suzanne Woolfolk – new assistant principal at Los Altos High School – said she is happy...

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Community

Petting zoo, car show highlight Chamber's annual Fall Festival

Petting zoo, car show highlight Chamber's annual Fall Festival


Courtesy of Los Altos Chamber of Commerce
The petting zoo is a highlight of the Los Altos Fall Festival. This year’s event is slated Oct. 4 and 5.

The Los Altos Chamber of Commerce has scheduled its 23rd annual Fall Festival 10 a.m. to 5 p.m. Oc...

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Sports

Burlingame bowls over Los Altos

Burlingame bowls over Los Altos


Ellie Van Houtte/Town Crier
Los Altos High halfback Sean Lanoza looks for running room against Burlingame in Saturday’s home opener.

The opening drive of Saturday’s game against Burlingame couldn’t have gone much better for the Los Altos High fo...

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Comment

Does Los Altos have a parking problem, or is it a symptom? : Other Voices

Yes, and yes. It appears that the downtown Los Altos parking problem is a symptom of the city’s “Sarah Winchester” approach to planning that instead of resulting in staircases to nowhere resulted in a hotel without parking required by code.(1)

From ...

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Special Sections

Los Altos landmark Four families later, Shoup House goes on the market

Los Altos landmark Four families later, Shoup House goes on the market


Courtesy of Matthew Anello
The Shoup House dining room, above, features original elements. The 100-year-old house on University Avenue earned a spot on the National Register of Historic Places, a nod to its legacy as the home of city founder Paul S...

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Business

Longtime banker readies for retirement

Longtime banker readies for retirement


Ellie Van Houtte/Town Crier
Joanne Kavalaris is retiring at the end of October after spending the past 25 years of her banking career in downtown Los Altos.

A longtime Los Altos banker is calling it a career in a few weeks.

Joanne Kavalaris, Bank o...

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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

VINCENT (TIM) MURPHY JR.

VINCENT (TIM) MURPHY JR.

July 27, 1953 – August 12, 2014

Native Los Altan died Medford, OR. Graduated Bellarmine Prep. Married Josephine Domino, 1950. Licensed Auto Mechanic, Private Pilot, skilled Computer Scientist. Tim “could fix anything”. Afflicted with cancer 2001. ...

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Travel

Taking a Turkey trek: Winging it during the World Cup

Taking a Turkey trek: Winging it during the World Cup


Rich Robertson/Special to the Town Crier
The sun sets over the Aegean Sea in Bodrum, Turkey, left.

Tours that whisk you from Istanbul to Bodrum in 11 days are as plentiful as souvenir hawkers in Turkey, but traveling from the Blue Mosque to Topkapi ...

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Stepping Out

Pear builds wonderful 'House'

Pear builds wonderful 'House'


J. Smith/Special to the Town Crier
Betsy Kruse Craig portrays Trish in the Pear Avenue Theatre production of “House,” which closes Oct. 5.

Mountain View’s Pear Avenue Theatre is staging an unusual theater-going experience – producing two plays...

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Spiritual Life

Magazine

Local events add color to autumn calendar

Local events add color to autumn calendar


Van Houtte/town crier Visitors make their way through the Children’s Alley.

As Los Altos’ signature Chinese Pistache trees exchange their summer green for vibrant hues of yellow, orange and red in the fall, an abundance of local events also add ...

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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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