Wed07012015

News

Effective today, library cards free again in Los Altos

Both Los Altos libraries should see a spike in use soon. After the elimination of an $80 annual card fee that had been in place since 2011, nonresidents will receive free library cards at local libraries, effective today.

Residents of Mountain View ...

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Schools

Almond fifth-graders set sail at Shoreline

Almond fifth-graders set sail at Shoreline


Courtesy of Corinne Finegan Machatzke
Fifth- graders at Almond School launched the boats they designed and built at Shoreline Lake last month.

Almond School fifth-graders boarded their handmade boats at Shoreline Lake in Mountain View last month to...

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Community

Taking it back to 'The Streets': Local filmmaker aims to revive 1970s series 'Streets of San Francisco'

Taking it back to 'The Streets': Local filmmaker aims to revive 1970s series 'Streets of San Francisco'


Courtesy of Charles Alley
Charles Alley’s filmmaking company may be based in Mountain View, but he knows all about “The Streets of San Francisco.” He’s rebooting the 1970s TV classic.

When people look for the next hit TV show, they often assume ...

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Sports

Enjoying the moment


Courtesy of Dick D’OlivA
Former Golden State Warriors trainer Dick D’Oliva, from left, wife Vi, former Warriors assistant coach Joe Roberts and wife Celia ride on a cable car in the victory parade.

Dick D’Oliva almost couldn’...

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Comment

The death knell of suburbia: A Piece of My Mind

The orchards are gone. The single-story ranch house is seen as a waste of valuable land and air space. An eight-lane freeway thunders past the bridle paths in Los Altos Hills. But nothing has signaled the death of suburbia more strongly than the ann...

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Special Sections

While competent & safe, MKC still cant catch European competitors

While competent & safe, MKC still cant catch European competitors


courtesy of Ford
The 2015 Lincoln MKC doesn’t overwhelm as far as overall performance goes, but it does offer comfortable ride quality.

Of all the auto companies with headquarters in the United States, only Ford managed to weather the great re...

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Business

Company installs EV charging stations at LAHS

Company installs EV charging stations at LAHS


Zoe Morgan/Town Crier
Officials from Los Altos, Los Altos Hills and the Mountain View Los Altos Union High School District celebrate the installation of electric-vehicle charging stations at Los Altos High last week.

The Mountain View Los Altos ...

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Books

People

JOHN R. DOBSON

JOHN R. DOBSON

May 1, 1922 -  June 16, 2015

Resident of Los Altos 59 years

John Raymond Dobson, also known as Dobbie to his flying buddies, passed away after a long illness surrounded by his family. He leaves behind his loving wife of 72 years, Janet Barni...

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Travel

Venetian spa offers ways to de-stress

Venetian spa offers ways to de-stress


Courtesy of The VEnetian
The HydroSpa in the Canyon Ranch SpaClub at The Venetian in Las Vegas offers a muscle-relaxing bath and radiant lounge chairs.

Vegas cab drivers usually ask if you won or lost as soon as you get in their vehicles. They assum...

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Stepping Out

Cast carries 'Arcadia'

Cast carries 'Arcadia'


Courtesy of Pear Avenue Theatre
“Arcadia” stars Monica Ammerman and Robert Sean Campbell.

The intimate setting of Mountain View’s Pear Avenue Theatre proves the perfect place to stage “Arcadia,” allowing audience members to feel as though they a...

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Spiritual Life

Magazine

Living it up Older adults aim to age in place

Living it up Older adults aim to age in place


Megan V. Winslow/Town Crier
Local enthusiasts flock to the Los Altos Senior Center to play bocce ball. The center hosts informal games four days a week and occasional tournaments.

As baby boomers in Los Altos, Los Altos Hills and Mountain View nose...

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Inside Mountain View

Carrying the torch

Carrying the torch


Members of the Mountain View Police Department carry the Special Olympics torch as they run along El Camino Real between Sunnyvale and Palo Alto June 18. Members of the department participate in the relay annually to show their support for Spec...

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The market trend is still bullish

Looking at your increased portfolio, the present trend is still in the bullish camp. Investors anticipate a jolly good time in December.

With another month to go in 2013, you hear many conflicting opinions on the prospects for 2014. Knowing what to believe can be difficult, but if November was an omen for next year, we should all feel happy. November was a great month for stocks. The Dow is above 16,000, the S&P 500 is trading above 1,800 and last week the Nasdaq closed above 4,000 for the first time in 13 years.

Year-to-date the indexes have increased between 20 and 35 percent for a record-breaking year, thanks to the Federal Reserve’s bond purchases, a recovering economy and solid corporate earnings.

Stocks are not in a bubble position. At less than 19 times current-year earnings, the median S&P 500 stock trades at a 13 percent premium to 10-year norms. Valuations have reached much higher levels at previous market peaks.

Also, the stock market has not run out of potential catalysts. Bears argue that the good news has already played out because of the proposed Federal Reserve cutback, but takeover activity has yet to heat up given cheap financing and strong corporate balance sheets. A surge in takeovers would not be surprising, so look for more companies to increase their dividends and buy back their shares in 2014.

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

• Intel Corp. (INTC; $23.74) last week reported that the company would begin to concentrate on chips for smartphones and tablets immediately, as consumers are using fewer personal computers.

Investors are befuddled by Intel’s guidance for the next year, when revenue will be down in the mid-single digits, at an estimated 1.4 percent in 2014.

According to new CEO Brian Krzanich, computing in the next few years will focus more on items for eyes and ears, as well as wristbands and watches. The company will pursue two important strategic shifts: expand its foundry business to a much broader range of customers and aggressively target tablets, where the unit volume is expected to quadruple in 2014.

Intel should not be viewed as a safe or undervalued tech play, but Krzanich said that under his leadership, Intel would give priority to its Atom microprocessor. Intel does not wish to fall behind in future technology trends that include wearable computing devices.

Analysts do not cite Intel as an investment for the average investor as long as the PC market continues to decrease. Most analysts recently have upgraded the stock to a neutral or buy, with a median target price of $24 and a high of $32. Intel’s dividend yields 3.8 percent.

• Microsoft Corp. (MSFT; $38.47) launched Xbox One last week to record sales of more than a million in the first 24 hours. It was the most successful premiere in Xbox history.

Microsoft plans to reach beyond the gamers with this console, as it intends to deliver innovative entertainment experiences by bringing movies, music, sports and live TV together in one box.

In another direction, Nokia shareholders approved a $7.2 billion deal to allow Microsoft to buy its ailing cellphone and services division plus the portfolio patents obtained by the Finnish tech giant.

Much has been made of outgoing CEO Steve Ballmer’s tenure with Microsoft, during which the share price fell from the high 50s in January 2000 to the 30s, where it remained stagnant. The stock recently started to rise again following the announcement of Ballmer’s departure.

The failure of Microsoft to grasp opportunities in big-growth areas led to the static share price. However, Microsoft remains highly profitable and last month beat Wall Street’s quarterly profit and revenue forecasts.

Analysts’ recent upgrade and downgrade history has downgraded Microsoft stock from a buy to a hold. The median target price is $36, with a high of $45. The dividend yield for Microsoft is 3 percent.

Clyde Noel is a Los Altos Hills resident and investor in stocks. He is a longtime holder of Intel and Microsoft stocks and intends to make no move at this time.

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