Wed12172014

News

Council seeks more options for community center

Council seeks more options for community center


Town Crier File Photo
The Los Altos City Council approved an appropriation to examine options for a new community center to replace the aging Hillview facility.

The Los Altos City Council last week voted narrowly in favor of examining further opti...

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Schools

Local schools participate in  national Hour of Code activities

Local schools participate in national Hour of Code activities


Ellie Van HOutte/Town Crier
Himan Shu Raj, a volunteer from Microsoft, advises Los Altos High ninth-graders, from left, Serhat Suzer, Jamie Bennett and Chris Yang as they participate in the school’s Hour of Code Showcase.

Local schools participa...

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Community

Rotary marks 25th anniversary of AIDS project

Rotary marks 25th anniversary of AIDS project


John Hammerschmidt/Special to the Town Crier
Celebrating the anniversary of the Los Altos Rotary AIDS Project are, from left, front row: Greg Hoblit, Dude Angius, Mary Prochnow and Robin Young. Back: Greg Betts, Joe Renati, Roy Lave, Bob Berka, Dic...

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Sports

Pinewood poised for another title run

Pinewood poised for another title run


Ellie Van Houtte/Town Crier
Pinewood’s girls basketball team is receiving contributions from several new players, including freshman Stella Kailahi, above.

Complacency shouldn’t be a problem for the defending Division V state champion Pinewood S...

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Comment

Letters to the Editor

Ticket motorists for U-turns on Main Street

As I was walking downtown on Main Street recently, something came to me out of the blue. The town of Los Altos is missing out on a huge revenue stream. I realized that if all the cars – there were th...

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Special Sections

Looking Ahead

Looking Ahead


s in line to be mayor of Mountain View in 2015.

Mountain View anticipates the following changes in 2015:

• Beginning Jan. 1, Mountain View City Councilmembers will receive a raise to $1,000 per month as a result of the passage of Measure A in...

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Business

Your 2015 stock market game plan

It’s been a maddening month because of oil and gas, especially in stocks and bonds. Then, consumer spending pushed stocks higher Thursday, easing investors’ jitters about the global economy and prompting them to consider how to invest in ...

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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.

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People

SANGEETA SACHDEVA

SANGEETA SACHDEVA

Sangeeta Sachdeva, 55, wife of Subhash Sachdeva and mother to Natasha and Tanya, died at 8:54pm, Sunday, December 7, 2014 from respiratory failure.

Sangeeta was born on October 18, 1959 in Delhi, India. She was born to Moti Sagar and Raj Kapoor an...

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Travel

South Tahoe renovations enhance off-mountain seasonal fun

As any enthusiast knows well, there is more to the enjoyment of winter sports than skiing or snowboarding.

While many winter resorts make minor upgrades each season, the off-mountain attractions and amenities can be as enticing as the activities on ...

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Stepping Out

Aurora Singers to emit 'Musical Glow' Friday

Aurora Singers to emit 'Musical Glow' Friday


courtesy of Aurora Singers
The Aurora Singers are scheduled to perform a seasonal concert Friday night in Palo Alto.

The Aurora Singers’ “Winter’s Musical Glow” holiday concert is set for 7 p.m. Friday at the Unitarian Universalist Church of Pal...

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Spiritual Life

Enter the superhero: Finding the God who loves you

In my life-coaching practice, I see a lot of pain. Much of it stems from fear and guilt, often expressed as low self-esteem, anxiety, a lack of forgiveness both for oneself and others, anger – and so on.

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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...

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The market is bucking like a bronco

With the stock market down again last week as January came to a close, it set the tone for the Year of the Horse, which could be a contrary and unpredictable year. It will certainly be a volatile and bucking year for the horse.

Since World War II, when the market is down in January, the average usually remains flat in the following 11 months. This trend runs counter to many analysts’ forecasts this year, which predict that the market will rise by the end of 2014.

While the decline is a correction in an ongoing bull market, the sharpness of the drop raises questions for the bulls: How much further will the market drop? and What should I do now?

Holding some ready cash on the sidelines is not a bad idea. If you need extra cash in the future to weather a storm, raise it now, but don’t stop looking for new buying opportunities.

Two Town Crier “50” stocks recently announced their quarterly results.

• Yahoo Inc. (YHOO; $34.80) reported last week that it beat expected earnings for the latest quarter. CEO Marissa Mayer said the company has finally regained its stride, but the revenue is not where she wants it.

Yahoo reported $348 million in profit, or 33 cents per share for the quarter ending Dec 31, up 28 percent from a year earlier. But revenue fell from $1.35 billion to $1.26 billion, dropping 6 percent in the fourth quarter, the same rate of decline as the rest of 2013, primarily because sales decreased in the advertisement segment.

Yahoo’s earnings are on the rise under Mayer’s leadership because of cost-cutting measures and investments in two Asian Internet companies. The income from the Asian investments accounted for nearly two-thirds of the company’s earnings for the quarter.

Mayer explained that the hiring of executive Henrique de Castro had not produced an improvement in Yahoo’s ad business, which contributed to his departure. The company has no plans to replace him. Mayer also introduced new ad programs and said she would become more involved in the company’s ad business.

Most analysts downgraded Yahoo stock from a buy to a hold, with a single analyst upgrading it to a buy. The median target price is $40, with a high of $52.

• Symantec Corp. (SYMC; $20.74) Jan. 29 announced a 5 percent drop in quarterly revenue, attributed to the worldwide decline in personal computer sales. After the bell, the shares lost 3 percent and fell to $23.72 in extended trading and continued to fall Thursday.

The fiscal fourth quarter recorded sales of $1.62 billion, though analysts had projected $1.64 billion. Symantec faces increasing competition from FireEye Inc. and Palo Alto Networks. The market for security software and equipment should increase 9.1 percent to $71.7 billion, according to researcher Gartner Inc.

The Mountain View-based company reported that its net income in the fiscal third quarter rose 31 percent to $283 billion, or 40 cents per share, from $216 billion, or 31 cents per share previously.

President and CEO Steve Bennett cut approximately 1,000 jobs last year and reorganized the sales division to focus on new business and eliminate old products.

He said the company plans to revamp its product portfolio with a new product delivery that would extend into the cloud infrastructure platform and global security network.

Analysts’ upgrade and downgrade history has been scant, with numerous reporting Symantec as a market-perform stock. The median target price is $26, with a high of $33.

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

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