Sun02142016

News

SPLAT targets data, outreach as airplane noise continues

SPLAT targets data, outreach as airplane noise continues


Graphic courtesy of Don Gardner
Activists claim that a new SFO flight path leaves a “sound shadow” that impacts Los Altos and Los Altos Hills.

Sky Posse Los Altos Team – more simply known as SPLAT – seeks to squelch the noise...

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Schools

Los Altos High student-run charity plans '5 Gallon Gala'

Los Altos High student-run charity plans '5 Gallon Gala'


Courtesy of Lia Evard
Water by Youth members gave Egan students a chance to carry a 40-pound Jerry can, to see how difficult it is to obtain water in developing nations.

Water by Youth, a club at Los Altos High School, is making a splash by pla...

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Community

What would you do with a box of cookies? Local Girls Scouts help Tanzanian orphanage

What would you do with a box of cookies? Local Girls Scouts help Tanzanian orphanage


Courtesy of Alicia Madden
Sales of local Girl Scout cookies support service projects, such as funding an orphanage in the village of Mto wa Mbu in Tanzania.

Girl Scout cookies – whether you think of them as a treat, a tradition or a diet comp...

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Sports

Scoreless spells sink LA boys

Scoreless spells sink LA boys


Megan V. Winslow/Town Crier
Los Altos High point guard Nolan Brennan attempts a shot in Friday’s game versus Palo Alto. He scored eight points in the loss.

There have been several games this season in which the Los Altos High boys basketball t...

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Comment

New 'York' values

New 'York' values


Hughes

 

As we have witnessed California suffer through one of its worst droughts in history over the past few years, all of us, I’m sure, have been keenly aware of our surroundings and have done a small part in trying to conserve wa...

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Special Sections

Getting a charge  out of the Volt

Getting a charge out of the Volt


Courtesy of Chevrolet
The 2016 Chevrolet Volt can be driven up to 50 miles on the power stored in its batteries.

Just five years ago, we wondered in this column what the power supply would be for the car of the future. Gasoline, diesel, electric ba...

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Business

Nearing V-Day: Shops stock sweets, treats

Nearing V-Day: Shops stock sweets, treats


Megan V. Winslow/Town Crier
Los Altos resident Ella Roosakos, 11, with her mother, Gail, puzzles over which Gourmet Works sweets to buy as a valentine for Ella’s friend.

The gift-buying rush isn’t exclusive to Christmas. It may jump over...

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People

ALAN RODNEY MILLS

ALAN RODNEY MILLS

Alan Rodney Mills, PhD, 83, of Los Altos passed away peacefully on Saturday, January 30th, 2016. He was born in Rochdale, England in 1933 and came to California in 1962. He was a proud alumni of Manchester Grammar in England, University of Liverpoo...

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Stepping Out

PYT 'Gets Famous'

PYT 'Gets Famous'


Lyn Flaim Healy/Spotlight Moments Photography
Renee Vetter of Palo Alto, left, and Megan Foreman of Los Altos star in Peninsula Youth Theatre’s “Judy Moody Gets Famous.” Performances are scheduled Friday and Saturday.

Peninsula...

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Spiritual Life

A time to prepare: Fasting for Lent isn't limited to food

 

Today is Ash Wednesday, which in the Christian calendar marks the beginning of Lent – the 40 days of preparation for Resurrection Sunday, otherwise known as Easter.

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Inside Mountain View

New right-to-lease ordinance promises relief for renters

New right-to-lease ordinance promises relief for renters


Mountain View Tenants Coalition/Facebook
Residents gather in the fall to protest Mountain View’s rising rents. Rent relief is on the way in the form of a new ordinance.

A controversial Mountain View law requiring landlords to provide lease opt...

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Market keeps springing back

Federal Reserve chair nominee Janet Yellen indicated in a U.S. Senate hearing Thursday that she would continue to support the economy through stimulus measures. The Fed’s bond-buying program has helped spur the stock market by pumping it with extra cash. By Friday, the market was moving toward 16,000.

The stock market continues to defy gravity as the Dow Jones industrial average and the S&P 500 hit record-setting new highs. With corporate earnings season soon coming to a close, investors’ attention will turn to other issues.

Those issues continue to be the renewed budget and debt-ceiling battles in Washington. Given that stocks have not experienced anything larger than a 6 percent correction this year, the possibility of a more protracted decline exists. With the S&P 500 index up 23 percent this year, there has been concern that valuations are getting stretched.

The fact remains that expectations for a significant correction are widespread, but the trend is still bullish, even though many astute investors are neither buying nor selling.

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

• Cisco Systems Inc. (CSCO; $21.50) tumbled early Thursday after analysts and investors reviewed Cisco’s earnings report, which missed Wall Street estimates. The company reported that it earned 37 cents per share on sales of $12.1 billion for the fiscal quarter that ended Oct. 26. Analysts had expected 41 cents per share on $12.36 billion.

Management blamed a number of factors, including the government shutdown and expenses associated with recent layoffs, while CEO John Chambers said in a conference call with analysts that the company received $600 million to $700 million fewer orders than anticipated. The impact on the federal business was approximately $50 million.

In other news, Cisco agreed to pay up to $863 million for the remaining stake of Insieme Networks, which makes data-center technology. Management also increased its share-repurchase program by $15 billion, which equates to roughly 12 percent of the outstanding stock.

The San Jose-based firm is the worldwide leader in networking that transforms how people connect, communicate and collaborate.

“While our revenue growth was below our expectation, we remain confident in our long-term goal to be the No. 1 IT company in the world,” Chambers said.

Numerous analysts are dropping Cisco from their buy lists. While the downgrade is disappointing, Cisco’s valuation and yield keep it on the long-term buy list of some analysts. Deutsche Bank has downgraded Cisco from a buy to a hold.

Thirty-four brokers have projected a high target price of $32, with a low price of $16.

• Intel Corp (INTC; $24.66) last week acquired Kno Inc., an education software company that offers e-textbooks for interactive devices like computers and tablets. The move represents Intel’s expansion into mobile devices and provides good publicity.

Intel will introduce its pop-up stores, with the first launching in New York this week. The stores will remain open through the shopping season and close in late January.

Based in Santa Clara, Intel designs, manufacturers and sells integrated digital technology platforms worldwide. It offers microprocessors that process system data and control other devices in the system.

Intel’s latest report revealed revenue of $52.35 billion, with a gross profit of $33.15 billion, total cash of $19.22 billion and book value per share at $11.15.

Intel provides a 3.7 percent yield for share dividends. While there is concern that Intel’s growth is slowing along with PC sales, analysts expect profits to rise 12 percent annually over the next five years because the mobile market relies on its servers and chips. Nov. 4 was the ex-date for a dividend payment of $0.225.

The mean target price for Intel stock is $23.73, with a high of $30.

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

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