Sat02282015

News

North Bayshore proposals due today

The City of Mountain View is receiving North Bayshore development proposals today. Applications may be made until the deadline at 5 p.m.

All submissions will be available for viewing March 2 at the Community Development Department counter in City Ha...

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Schools

Former NFL player huddles with Blach students about life choices

Former NFL player huddles with Blach students about life choices


Ellie Van HOutte/Town Crier
Former NFL tight end Eason Ramson visited with Blach Intermediate School students, Feb. 13 to share the perils of drug use. Now a motivational speaker, Ramson works with at-risk teens in San Francisco.

Although former ...

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Community

Chi Am Circle, Chef Chu's prove 'golden': Club sets fundraising goal of $200K for March fashion show

Chi Am Circle, Chef Chu's prove 'golden': Club sets fundraising goal of $200K for March fashion show


Courtesy of Bev Harada
Chi Am Circle members, from left, Gerrye Wong, Sylvia Eng, Pearl Lee and Muriel Kao flank Larry Chu Sr. at the Jan. 31 event honoring the club’s 50th and Chef Chu’s 45th anniversaries.

Chef Chu’s restaurant in Los Altos ho...

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Comment

Freedom's just another word: No Shoes, Please

It used to be that the word “freedom” held exclusively positive connotations for me, but now it’s really become a mixed bag. It all started in 2001 when President George W. Bush asked the question he felt was on the minds of most Americans regarding ...

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Special Sections

Filoli in bloom: Historic estate hosts  classes, events and tours

Filoli in bloom: Historic estate hosts classes, events and tours


Ellie Van Houtte/Town Crier
Scenes from Filoli: The historic estate in Woodside is a welcoming sanctuary for visitors. The grounds offer a rotating display of seasonal flowers, a tranquil reflecting pool and paths that wend through the 16-acre Engl...

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Business

Stock volatility still confusing

The market opened down more than 100 points Friday but by noon rose more than 130, the form of volatility that quickly draws investors’ attention. By week’s end, the Standard & Poor’s 500 index and the Dow Jones industrial aver...

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Books

French novel

French novel "Hunting and Gathering" offers character-driven suspense


Anna Gavalda is a well-known author in her native France, where she has published six books, most of which have met with considerable praise and commercial success. Her fourth novel, “Hunting and Gathering” (Riverhead Books, 2007), is filled ...

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People

CHRIS A. KENISON

CHRIS A. KENISON

Feb 13, 1945-Feb 6, 2015

Resident of Los Altos

Chris was born in Georgia and moved to Oklahoma as a young child. He grew up there and moved to California in 1965. He developed a strong work ethic from his grandparents and parents. He attended the...

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Travel

Seoul of the city: Korean capital offers mix of old and new

Seoul of the city: Korean capital offers mix of old and new


Ramya Krishna/Special to the Town Crier
Seoul’s Cheonggyecheon public recreation space, above, features an elevated pedestrian bridge.

Seoul, South Korea, is a study in contrasts. Having grown quickly, the city is a mix of old and new.

Using...

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Stepping Out

'Park' in the hills

'Park' in the hills


courtesy of Foothill Music Theatre
Dot (Katie Nix) imagines her dream job as a follies dancer in the Foothill Music Theatre production of “Sunday in the Park with George.” The play runs through March 8.

Foothill Music Theatre’s production of “Su...

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Spiritual Life

Is your thought life sabotaging your spiritual journey?

My computer started having problems – there seemed to be some sort of malware running in the background. At first it was just annoying, then it began to slow down my computer, interfering with its basic operations. What is it doing? Why can...

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Magazine

Local events serve up family fun

Local events serve up family fun


Courtesy of Peninsula Youth Theatre
Peninsula Youth Theatre’s production of “Pecos Bill: A Tall Tale” is slated to open March 20 in Mountain View.

For families seeking a break from the daily routine, events abound this month and next in Los Alto...

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Is the stock market still your friend?

The Federal Reserve said interest-rate policies were still needed to invigorate the U.S. economy, so it will continue buying $85 billion in bonds every month to keep long-term rates low. The immediate result: The Dow Jones industrial average reached a new all-time high.

Although the past few days have been volatile, the trend still appears bullish. So what options do you have as an investor? You can continue what you’re doing in an uncertain market, you can sell your stocks and not worry about any crashes or shortfalls – there are legitimate reasons for concern in the weeks ahead – or you can continue to buy while the market achieves new highs and take your chances while the getting is good.

If you reached your financial goals, then getting out could be a good move, but analysts expect stocks to outperform bonds and cash over the next year.

The Stock Market Trends & Securities Report, Dow Theory Forecasts, noted that if an investor missed 40 of the market’s biggest days over 20 years (1987-2007), the return would have totaled 3.98 percent. Staying in the market fully invested, the average annualized return would have been 11.82 percent.

After October’s solid results, with the S&P 500 and the Dow reaching new highs, changing course would require difficult decision-making.

Two Town Crier “50” high-flying stocks made news last week.

• Facebook Inc. (FB; 48.66) stock gained 2.4 percent Thursday and continued to rise as the market declined. Why? Facebook reported quarterly earnings of 25 cents per share, beating an estimated 19 cents per share, while revenue increased 60 percent to $2.02 billion, compared with $1.26 billion a year earlier.

Not all is rosy with the Menlo Park-based company, however. It appears that the fever youth once had for Facebook is cooling off. Daily use by the teen demographic declined in the third quarter from the second quarter. Other age groups, though, more than made up for the decline.

The primary reason for the impressive growth is mobile sales. While Facebook was not in the mobile ad business when it went public in May 2012, ads now account for nearly half of the company’s $1.8 billion in advertising revenue. Mobile and business advertising rose because Internet users are increasingly using their smartphones and tablets.

Facebook will probably be around for a long time. Although it is losing some of its younger users, it has far more monthly users than Twitter and Linkedln combined.

The upgrade and downgrade history for Facebook stock has changed since the company went public in 2012. Since April 5, analysts have recommended a buy, with only a few holds. The high target price is $68, with a low of $24.90. Logical advice would be to buy on a dip.

• LinkedIn Corp. (LNKD; $224.14) is currently trading around its peak value and five times its 2011 initial public offering of $45. Investors are beginning to question whether the high valuation is correct and whether the price will continue to escalate.

LinkedIn is the largest professional networking site, with revenue for the fourth quarter approximately $414-$420 million, according to Bloomberg. Sales in the third quarter climbed 56 percent to $393 million. The company reported a net loss of $3.36 million, or 3 cents per share in the latest quarter.

As the Mountain View-based company builds its revenue from smartphones and tablet viewing, mobile activity already accounts for more than half of its sales from product-sponsored updates. LinkedIn has 4,241 full-time employees.

The Talent segment, in which LinkedIn charges a subscription fee for access to its database of recruiters, provides its main source of revenue. It has launched new products in Sponsored Updates and University Pages in the past two months. Faced with decelerating growth, LinkedIn seeks new users overseas to generate additional revenue.

The stock’s upgrade and downgrade history since February has been a buy. The 30 brokers following the company deem the high target price $300 and the low $195.

The company is a bit risky to buy right now, but on a pullback it could make investors happy, so buy on the dip.

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

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