Thu10302014

News

Police stress need for low speed in school zones

Police stress need for low speed in school zones


Town Crier File Photo
After two recent accidents involving cyclists and motorists, police urge caution – on both sides.

After two recent incidents of vehicles striking student bicyclists, Los Altos Police urge residents to exercise caution whe...

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Schools

Gardner Bullis School debuts new Grizzly Student Center

Gardner Bullis School debuts new Grizzly Student Center


Photo by Ellie Van Houtte/Town Crier
Students line up to check books out of the library in the new Grizzly Student Center at Gardner Bullis School.

Gardner Bullis School opened its new Grizzly Student Center earlier this month, introducing a lea...

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Community

Home improvement workshop scheduled Wednesday (Oct. 29)

The County of Santa Clara is hosting a free informational workshop on 6:30 p.m. Wednesday at Los Altos Hills Town Hall, 26379 Fremont Road.

The workshop will offer ways single-family homeowners can increase their homes’ energy efficiency. Eligible i...

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Comment

Off the fence: TC recommends 'yes' on N

The Town Crier initially offered no position on the controversial $150 million Measure N bond on Tuesday’s ballot. But some of the reasons we gave in our Oct. 15 editorial were, on reflection, overly critical and based on inaccurate information.

We ...

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Special Sections

Long-term solutions emerge as water conservation goes mainstream

Long-term solutions emerge as water conservation goes mainstream


Ellie Van Houtte/Town Crier
Forrest Linebarger, right, installed greywater and rainwater harvesting systems at his Los Altos Hills home.

With more brown than green visible in her Los Altos backyard, Kacey Fitzpatrick admits that she’s a little e...

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Business

Local realtors scare up money for charity

Local realtors scare up money for charity


Photo courtesy of SILVAR
Realtors Gary Campi and Jordan Legge, from left, joined Nancy Domich, SILVAR President Dave Tonna and Joe Brown to raise funds for the Silicon Valley Realtors Charitable Foundation.

Los Altos and Mountain View realtors raise...

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Books

Helping kids catch a few Zs: Local dental hygienist pens meditative bedtime book

Helping kids catch a few Zs: Local dental hygienist pens meditative bedtime book


Ellie Van Houtte/Town Crier
Mimi Sommers, who works at a Los Altos dentist’s office, recently wrote a children’s book.

A local dental hygienist recently published a book that aims to ease parents and children during a sometimes anxious e...

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People

DAVID S. NIVISON

DAVID S. NIVISON

David S. Nivison, 91 years old, and a resident of Los Altos, California since 1952, died Oct. 16, 2014 at home.  His neighbors had recently honored him as the “Mayor of Russell Ave., in recognition of 62 years of distinguished living” on that ...

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Travel

Falling leaves: Four places in California to see autumn colors

Falling leaves: Four places in California to see autumn colors


Courtesy of Castello di Amorosa
Castello di Amorosa in Calistoga, above, boasts a beautiful setting for viewing fall’s colors – and sampling the vineyard’s wines.

Yes, Virginia, there is fall in California.

The colors pop out in...

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Stepping Out

ECYS opens season Sunday

ECYS opens season Sunday


Ramya Krishna/Special to the Town Crier
The El Camino Youth Symphony rehearses for Sunday’s concert, above.

The El Camino Youth Symphony – under new conductor Jindong Cai – is scheduled to perform its season-opening concert 4 p.m....

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Spiritual Life

Christian Science Reading Room hosts webinar on prayer and healing

Christian Science practitioner and teacher Evan Mehlenbacher is scheduled to present a live Internet webinar lecture, “Prayer That Heals,” 7:30 p.m. Nov. 14 in the Christian Science Reading Room, 60 Main St., Los Altos.

Those interested ...

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Magazine

Local events add color to autumn calendar

Local events add color to autumn calendar


Van Houtte/town crier Visitors make their way through the Children’s Alley.

As Los Altos’ signature Chinese Pistache trees exchange their summer green for vibrant hues of yellow, orange and red in the fall, an abundance of local events also ad...

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Stocks slump after record high

After hitting a record high Jan. 15, the stock market headed lower on the heels of disappointing earnings reports from numerous corporations, several banks falling short of analysts’ expectations and a Goldman Sachs warning about rising stock market valuations.

It’s hard to determine what investors are doing with their stocks, because the advance-decline lines reflect a market moving sideways in 2014.

The weak start in the new year has raised concerns in some quarters about the market’s failure to hold the day’s results during the strong time of year – the volatility is worrisome. A few disappointing quarterly reports could lead to serious selling of individual portfolios.

Not many investors are panicking, but the slow start in January is prompting questions about whether this is the beginning of a long-awaited 10 percent correction, which hasn’t occurred since summer 2011.

According to an investment strategist at R.W. Baird & Co., “The loss of momentum in the opening weeks of 2014 can be explained by the fact that stocks entered January overbought and overbelieved, and, therefore, vulnerable to a changing environment.”

Even with the ups and downs, it’s the stock market’s best year since 1997, and investors may wonder which way to go in the future.

Money magazine recommended, “In 2014, think cash,” but not all analysts agree. The outlook for the stock market is positive and supported by moderately improving economic conditions and corporate earnings growth.

The best approach is to maintain a long-term view and consider adding stocks to your portfolio if they are appropriate to your mix of investments. The beginning of the year is the ideal time to review your long-term investment goals.

A major player on the Town Crier “50” made news last week.

Apple Inc. (AAPL; $554.25) continues to gain sales in the enterprise market. The company is projected to take 11 percent of global spending by governments and business on computers and tablets by 2015. Research firm Forrester Research reported that the number is up from 8 percent in 2012 and 1 percent in 2009 but does not include iPhone sales.

China Mobile revealed that the iPhone preorders that began Dec. 25 have topped 1.2 million for the 5c and 5s models.

“This is a watershed day for Apple,” said Apple CEO Tim Cook in a joint interview with China Mobile Chairman Xi Guohua. “I’m so honored to be doing business with Chairman Xi and China Mobile.”

Apple built a base of support during the course of 2013 and is still trending positive. Several analysts project the stock to reach $600 a share, perhaps even $630, noting that the 50-day moving average exceeds the 200-day moving average.

For the first quarter of 2014, Apple provided guidance of revenue between $55 billion and $58 billion, a gross margin between 36.5 and 37.5 percent and expenses between $4.4 billion and $4.5 billion.

Investors are looking for a new product from Apple in 2014. Without a new product, the stock price will drop, as it has in previous years.

Among the 49 brokers touting Apple stock, most deem it a strong buy or a buy, with only one recommending a sell. The stock’s high target price is $777, with a low of $270.

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

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