Sun05242015

News

Hilltop robbery suspects implicated in crimes across Bay Area

Hilltop robbery suspects implicated in crimes across Bay Area

The three Oakland men arrested in connection to the May 11 home invasion robbery of a Hilltop Drive home are under investigation for numerous additional crimes committed across the San Francisco Bay area, the Santa Clara County Sheriff's Office revea...

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Schools

Preschool matriarch steps down

Preschool matriarch steps down


Alicia Castro/Town Crier
Children’s Center Preschool Director Non Mead sits beside her granddaughter, Greta Germack, during Greta’s birthday celebration.

Non Mead is the quintessential grandmother. Wise and warm, she ties shoelaces with ...

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Community

No 'Love' for Facebook

No 'Love' for Facebook


COurtesy of TRU Love
Tru Love sent multiple messages to Facebook – and made calls to the media – before the company unlocked her account.

Tru Love’s name may be unusual, but she comes by it naturally.

If only Facebook saw it that way.

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Sports

Semi sweep

Semi sweep


Town Crier file photo
St. Francis High’s Steve Dinneen, rising up for the kill, posted 15 kills in Saturday’s CCS semifinal sweep of rival Bellarmine.

There was no letup in the Lancers. Although the St. Francis High boys volleyball team ...

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Comment

Statute of limitations: Haugh About That?

“I can’t believe he’d do this to me,” I cried hysterically. “After all we meant to each other.” Curling into a ball, torrential teenage tears melted my mascara as my entire world came crashing to an obliterated end...

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Special Sections

Cancer survivors march toward strength, hope via Relay For Life

Cancer survivors march toward strength, hope via Relay For Life


Alicia Castro/Town Crier
Cancer survivors Eileen Chun, left, and Marilyn Labetich build strength at Curves of Los Altos.

Two local women took steps toward cancer recovery by caring for themselves and celebrating alongside each other.

Eileen Chun and...

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Business

Repeat business: Répéter consignment celebrates 10 years on State Street

Repeat business: Répéter consignment celebrates 10 years on State Street


Megan V. Winslow/Town Crier
Kellee Breaux owns Répéter, the State Street women’s consignment boutique that celebrates a decade in business Saturday.

Kellee Breaux’s life is a triangle: The 36-year-old lives in Newark, teaches full time a...

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Books

People

EDITH MAY COOPER

EDITH MAY COOPER

September 20, 1908 – April 7, 2015

Edith Cooper died peacefully in her sleep on April 7th in Los Altos, California, at the age of 106, where she had been a resident for over 30 years.

She was predeceased by Frank, her husband and her 3 brothers B...

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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,” accord...

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Stepping Out

Bye bye 'Birds'

Bye bye 'Birds'


Ray Renati/Special to the Town Crier
“Birds of a Feather” stars Troy Johnson and Diane Tasca.

Pear Avenue Theatre’s world premiere of “Birds of a Feather” is set to run through Sunday in Mountain View.

The play is the third chapter in local pla...

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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

Civility Roundtable opens discussion on race, policing

With racially charged unrest shaking places like Ferguson, Mo., New York City and Baltimore, the Mountain View Human Relations Commission posed a question: “How can we prevent Ferguson from happening in Mountain View?”

Nearly 150 residen...

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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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