Thu07242014

News

Obama visits Los Altos area

Obama visits Los Altos area

President Obama made a fundraising stop today at a private residence in Los Altos Hills, an appearance that spurred traffic disruptions, helicopters scouting overhead and protesters. In the wake of his visit, unknown persons, apparently no fans of ...

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Schools

MVLA rolls out laptop integration this fall

MVLA rolls out laptop integration this fall


Town Crier File Photo
Starting in the fall, daily use of laptops in the classroom will be standard operating procedure for students at Los Altos and Mountain View high schools as the Mountain View Los Altos Union High School District launches a pil...

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Community

Generations blend behind the scenes at 'Wizard of Oz'

Generations blend behind the scenes at 'Wizard of Oz'


Altos Youth Theatre and Los Altos Stage Company rehearse a scene from “The Wizard of Oz.” ELIZA RIDGEWAY/ TOWN CRIER

A massive troupe of young people and grownups gathered in Los Altos this summer to stage the latest iteration of a childhood sta...

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Sports

Football in July

Football in July


Town Crier file photo
Mountain View High’s Anthony Avery is among the nine local players slated to play in tonight’s Silicon Valley Youth Classic.

Tonight’s 40th annual Silicon Valley Youth Classic – also known as the Charlie...

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Comment

Pools should be included: Editorial

Los Altos residents should be receiving calls this week from city representatives conducting a survey to determine priorities for a revamped Hillview Community Center.

Notice that we did not say “civic center” – chastened by a lack of public support...

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Special Sections

Looking for life without lows, local diabetic tests artificial pancreas

Looking for life without lows, local diabetic tests artificial pancreas


Photo by Ellie Van Houtte/Town Crier
Dr. Trang Ly, left, reviews blood sugar readings on a smartphone with Los Altos resident Tia Geri, right, and fellow participant Noa Simon during a closed-loop artificial pancreas study for Type 1 diabetics.
...

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Business

Palo Alto law firm coming to 400 Main

Palo Alto law firm coming to 400 Main


Ellie Van Houtte/ Town Crier
Longtime Palo Alto law firm Thoits, Love, Hershberger & McClean plans to open an office at 400 Main St. in Los Altos after construction is complete in November.

A longtime Palo Alto law firm plans to expand into L...

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Books

"Frozen in Time" chronicles harrowing WWII rescue attempts


Many readers can’t resist a true-life adventure story, especially those that shine a spotlight on people who exhibit supreme courage in the face of adversity and end up surviving – or not – against the odds.

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People

RICHARD PATRICK BRENNAN

RICHARD PATRICK BRENNAN

Resident of Palo Alto

Richard Patrick Brennan, journalist, editor, author, adventurer, died at his Palo Alto home on July 4, 2014 at age 92. He led a full life, professionally and personally. He was born and raised in San Francisco, joined the Arm...

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Travel

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway


Courtesy of Ritz-Carlton
The Ritz-Carlton in Lake Tahoe offers fall getaway packages that include spa treatments and yoga classes.

Fall in North Lake Tahoe boasts crisp mornings and opportunities to spend quality time in the mountains. Specially ...

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Stepping Out

PYT stages 'Shrek'

PYT stages 'Shrek'


Lyn Healy/Spotlight Moments Photography
Dana Cullinane plays Fiona in Peninsula Youth Theatre’s “Shrek The Musical.”

Peninsula Youth Theatre presents “Shrek The Musical” Saturday through Aug. 3 at the Mountain View Center for the Performing Arts...

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Spiritual Life

Foothills Congregational: 100 years and counting

Foothills Congregational: 100 years and counting


Courtesy of Carolyn Barnes
The newly built Los Altos church in 1914 featured a bell tower and an arched front window. Both continue as elements of the building as it stands today.

Foothills Congregational Church – the oldest church building ...

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Magazine

Festival features fun for everyone

Festival features fun for everyone


TOWN CRIER FILE PHOTO
The Los Altos Arts & Wine Festival boasts more than 375 craft and arts booths.

This weekend’s 35th annual Los Altos Arts & Wine Festival promises to be jam-packed with fun activities for just about everyone. The eve...

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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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