Tue01272015

Schools

MVLA revisits prospect of ninth-grade PE exemptions

MVLA revisits prospect of ninth-grade PE exemptions


Ellie Van Houtte/Town Crier
The Mountain View Los Altos Union High School District Board of Trustees is scheduled to vote on a proposal to exempt ninth-grade student-athletes from taking PE. Students take part in a physical education class at Mount...

Read more:

Loading...

Community

Midnight Express offers late-night rides from SF

Midnight Express offers late-night rides from SF


From Midnight Express Instagram
A group of millennial-aged Santas celebrating a night on the town prepare for a safe ride from San Francisco to their South Bay homes, courtesy of Cory Althoff’s new Midnight Express shuttle.

It’s no understatemen...

Read more:

Loading...

Comment

More open than ever: Editorial

One of the Los Altos City Council’s objectives for 2015 is implementing an open-government policy. The title of the policy may be somewhat misleading, because it’s not as if the city has had a closed-government policy. But the new proposal goes beyon...

Read more:

Loading...

Business

Cassidy Turley, DTZ plan to combine

Cassidy Turley, DTZ plan to combine


Ellie Van Houtte/Town Crier
Cassidy Turley, which has offices at 339 S. San Antonio Road, is combining with DTZ following its recent acquisition.

Commercial real estate services companies DTZ and Cassidy Turley have joined forces to operate as a sin...

Read more:

Loading...

Books

Gawande's

Gawande's "Being Mortal" proves an important book on aging


Books about death and dying are usually not on my list of “must reads.”

I couldn’t resist, however, the best-selling “Being Mortal: Medicine and What Matters in the End” (Metropolitan Books, 2014) by Atul Gawande.

Read more:

Loading...

People

JUDY HOFFMANN

JUDY HOFFMANN

Judy Hoffmann passed away unexpectedly October 17, 2014 in New York City. It was only fitting Judy would be traveling and enjoying special adventures in so many different places until the very end.

Judy has lived since 1969 in Los Altos with her h...

Read more:

Loading...

Travel

Cuban photographer slated to appear at Foothill

Cuban photographer slated to appear at Foothill


Courtesy of Raúl Cañibano
Cuban photographer Raúl Cañibano is set to appear at Foothill College tonight. His work – including the image “Series: Guajira’s Land, Viñales, 2007,” right – is on display at the KCI Gallery t...

Read more:

Loading...

Stepping Out

TheatreWorks launches '2 Pianos' in Mtn. View

TheatreWorks launches '2 Pianos' in Mtn. View


Suellen Fitzsimmons/Special to the Town Crier
Christopher Tocco stars in TheatreWorks’ “2 Pianos 4 Hands,” which opened last week.

TheatreWorks’ production of “2 Pianos 4 Hands” is scheduled to run through Feb. 15 at the Mountain View Center fo...

Read more:

Loading...

Spiritual Life

Start something great by ringing in the new year with prayer

There is a tradition, which I’m told originates in the Midwest, that calls for people to pray in the new year. A few years ago, I was invited to a friend’s house and a number of people stayed up until midnight (approximately two hours pa...

Read more:

Loading...

Magazine

Christmas At Our House home tour celebrates 26 years

Christmas At Our House home tour celebrates 26 years


Courtesy of Christopher Stark
Homes on the St. Francis High School Women’s Club’s Christmas at Our House Holiday Home Tour showcase a variety of architectural styles.

The days grow short on sunshine but long on nostalgia as the holidays approach...

Read more:

Loading...

Friday climb just fine for consumers

After a week of down days, the market climbed back Friday on the news of an upbeat November jobs report and a five-month rise in consumer confidence.

The Dow Jones industrial average reached an all-time high Nov. 27, and the primary trend has been bullish. Very few losers could be found on the Dow Friday at noon, with few components not in the shiny-green territory. The Dow hit a recent high of 16,174.50.

It appears that the market is becoming comfortable with the Federal Reserve’s decision to taper its bond-buying, a scenario that parallels a stronger economy. The 203,000 increase in payroll employment means a better economy, and that could bring on the taper sooner when the Federal Reserve meets later this month.

Many investors are still comfortable maintaining 95-99 percent of their equity holdings in stocks because there are still attractive stocks available. When that is no longer true and investors can’t find stocks to diversify, then it is time to reduce the stock exposure and sell some of the recent winners.

Two Town Crier “50” stocks issued quarterly reports recently.

• Hewlett-Packard Co. (HPQ; $27.30) reported fourth-quarter earnings last week that topped expectations. Sales declined in five of its business units, but the stock rose 8 percent after the report. This is good news for a turnaround company in a tough environment.

HP retook the No. 1 position in the worldwide server market with revenue of $3.4 billion and a 27.6 percent market share, but IBM should regain the honor when December results roll in.

Under CEO Meg Whitman, HP is attempting to shift into cloud computing, kiosk printing and tablet computers instead of other ventures that include computers and printers.

HP’s turnaround is more of a reinvention than a continuous efficiency drive. Whitman’s goal was to cut as many as 34,000 employees, and to date she has laid off 24,000, resulting in $9 billion in free cash flow.

Analysts consider HP stock a neutral, with some believing that the company is underperforming. The median price target is $28, with a high target of $32. HP stock goes for seven times earnings and yields a 2.1 percent dividend.

• Applied Materials Inc. (AMAT; $16.90) posted impressive fourth-quarter earnings at 19 cents, beating numerous analysts’ estimates by a penny, or 5.6 percent. Revenues were also strong, topping forecasts by 16.2 percent. The company reported revenue of $1.99 billion, up 20.8 percent year over year. The gross margin totaled 40 percent.

Applied Materials reports its revenue by segments, with the Silicon Systems Group (SSG), Display, Applied General Services (AGS) and Energy and Environmental Solutions (EES) segments. The largest segment was SSG with 63 percent of revenue, which was down 2.3 percent. AGS was up 8.2 percent with a 27 percent revenue share, and the Display segment rose 1.2 percent with a 75.3 percent year-over-year increase in revenue. The EES segment accounted for 2 percent of total revenue but fell 2.2 percent.

Approximately 70 percent of Applied Materials’ quarterly revenue comes from the Asia/Pacific region.

The PC market remains the problem, and Applied Materials is not the only company affected – Intel Corp. and Microsoft Corp. have experienced segment decreases because of the decline of the desk computer.

Analysts recently upgraded Applied Materials stock to a buy or an outperform. The median target price is $20, with a high of $23. The dividend yield is 2.30 percent.

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

Schools »

Schools
Read More

Sports »

sports
Read More

People »

people
Read More

Special Sections »

Special Sections
Read More

Photos of Los Altos

photoshelter
Browse and buy photos