Fri05292015

News

MV vehicle collision leaves one dead

A traffic accident Thursday morning (May 28) on Moffett Boulevard, near the Highway 85 overpass in Mountain View, has left one person dead.

The victim is a 25-year-old Gilroy resident, according to the Mountain View Police Department, which has not ...

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Schools

Students discuss academic, social pressure in CHAC forum

Students discuss academic, social pressure in CHAC forum


Traci Newell/Town Crier
Community Health Awareness Council hosted a forum earlier this month where local students discussed the varied pressures they face.

Local students face enormous pressures in their lives, ranging from academic to social, but s...

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Community

Alan Alda discusses career, family and science at the Celebrity Forum

Alan Alda discusses career, family and science at the Celebrity Forum


Alda

Those who laughed along with Hawkeye Pierce on the long-running TV program “M*A*S*H*” would have enjoyed the recent Foothill College Celebrity Forum Speakers Series featuring actor Alan Alda.

Alda appeared May 13-15 at the Flint Center for...

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Sports

Eagles, Spartans advance

Eagles, Spartans advance


Town Crier file photo
Los Altos High’s Lizzy Beutter registered three hits in last week’s playoff win over Watsonville. She was also the winning pitcher.

Led by Lizzy Beutter, host Los Altos High whipped Watsonville 9-0 in the opening ro...

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Comment

Giving the thumb to what's done: Editorial

In the wake of recent Los Altos-area news events, we’re all thumbs.

Thumbs-down: To the Los Altos City Council’s decision to put the Walter Singer bust in storage. This is wrong on so many levels – even worse than the initial council decision to tra...

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Special Sections

Planting is possible despite drought

Planting is possible despite drought


Tanya Kucak/Special to the Town Crier
Wash the soilless mix off the root ball into the same container in which you have placed the clay soil from the planting hole. Remove at least an inch from the top and sides of the plant.

In this continuin...

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Business

Los Altos-based startup eyes digital makeup color-matching

Los Altos-based startup eyes digital makeup color-matching


Alicia Castro/Town Crier
Kokko Inc. Makeup Director Meli Pennington, standing, tests different shades of foundation on Los Altos resident Karen Melchior.

Meli Pennington knows cosmetics.

She has painted faces for the pages of Vogue and Glamour,...

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Books

Horan's 'Loving Frank' offers fictionalized account of famed architect's illicit affair

Horan's 'Loving Frank' offers fictionalized account of famed architect's illicit affair


In the 1920s, two married people fall in love, leave their spouses and children and set about living and traveling together. Affairs of this sort were considered shocking at the time. But the scandal was heightened given that the man was Frank Lloy...

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People

GUY WILSON SHOUP

Guy Wilson Shoup, 80, died on April 28, 2015, at his Palo Alto apartment, after a long period of ill health. Born on November 22, 1934, to Margaret Owen Shoup and to Jack Wilson Shoup (the second son of Paul Shoup, widely considered the founder of Lo...

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Travel

Flying south for the winter: Antarctica trips are not just for the birds

Flying south for the winter: Antarctica trips are not just for the birds


Photos Courtesy of Dave Hadden
Los Altos residents Dave and Joan Hadden watched the scenery from the large boat and a smaller Zodiac.

Standing on the beach with hundreds of thousands of penguins is “the experience of a lifetime,” according to Ga...

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Stepping Out

LA Stage Co. goes to 'town'

LA Stage Co. goes to 'town'


courtesy of Los Altos Stage Company
The Los Altos Stage Company production of “Urinetown: The Musical” opens this weekend.

The Los Altos Stage Company caps its 19th season with the musical comedy “Urinetown: The Musical,” scheduled to preview Th...

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Spiritual Life

Mercifully in His grip: Exploring our true position in Christ

I recently read a wonderful analogy about our true position in Christ. It was shockingly contrary to the messages impressed upon me in church, but deeply rooted in the Bible. The analogy is that of child and a parent. If you have ever taken a small ...

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Magazine

Practice prudent pruning: Maintaining manzanita, ceanothus and toyon

Practice prudent pruning: Maintaining manzanita, ceanothus and toyon


tanya kucak/Special to the Town Crier
Shrub manzanitas are known for their sinuous mahogany trunks and branches. If the foliage hides the bark, prune selectively to open the center so that the bark is visible year-round. This Montara manzanita is ...

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Inside Mountain View

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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