Sat04302016

News

Loyola Corners economics, traffic rise to top of planning concerns

Loyola Corners economics, traffic rise to top of planning concerns

Alicia Castro/Town Crier
Loyola Bridge construction parallel to the Fremont Avenue frontage may lead officials to alter circulation plans for the area.

Loyola Corners stakeholders last week mulled the issues that will likely shape the area&rsquo...

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Schools

LAHS Green Team commemorates Earth Week

LAHS Green Team commemorates Earth Week


Traci Newell/Town Crier
Los Altos High School Green Team members, above, quiz their classmates about water conservation. The club distributed plants as prizes during the club’s Earth Week activities.

Members of the Los Altos High School Green...

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Community

Local pianist, 11, slated to perform Saturday at statewide competition

Local pianist, 11, slated to perform Saturday at statewide competition


Courtesy of the Cha family
Spencer Cha plays piano at a Santa Clara University recital. The sixth-grader also enjoys soccer, tennis, golf and skiing.

Spencer Cha has come a long way since he first sat down at the piano at age 2.

“I remem...

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Sports

Spartans net second place, eye top prize next season

Spartans net second place, eye top prize next season


Megan V. Winslow/Town Crier
Jeremy Hsu, Mountain View High’s top singles player, competes against Pinewood Thursday. The Spartans won the match 7-0.

With freshmen playing the top three spots in singles, the future of the Mountain View High boy...

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Comment

Los Altos at a leadership crossroads: Editorial

Don’t look now, but there could be some major changes ahead regarding how the Los Altos city government is run.

The current city council has the opportunity to hire a new city manager in the wake of Marcia Somers’ recent resignation. Fur...

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Special Sections

How to personalize the wedding bar

How to personalize the wedding bar


Christine Moore/Special to the Town Crier
A seasonal signature cocktail adds interest beyond the standard wedding bar’s spirits and mixers. Focus on one set of fresh ingredients, such as blueberries, blackberries and mint for a dose of budget...

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Business

Farmers prepare to market season's bounty

Farmers prepare to market season's bounty


Alicia Castro/Town Crier
Journeyman farmer Jen Friedlander waters Hidden Villa’s greenhouse plants, which will grow stronger in the controlled indoor environment before being transferred to the field outdoors.

Around Hidden Villa, the gree...

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People

BUOL JOANNE DOUGHERTY

BUOL JOANNE DOUGHERTY

1930-2016

Heaven gained a beautiful angel today. Our beloved mother’s blessed life ended in her Los Altos home surrounded by her loving family on April 18, 2016.

Buol Joanne Dougherty was born Sept. 28, 1930 in Chicago. At the age of two, M...

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Stepping Out

'Catch' comes to conclusion LA Stage Co. comedy  ends run this weekend

'Catch' comes to conclusion LA Stage Co. comedy ends run this weekend


Richard Mayer/Special to the Town Crier
Bryan Moriarty, left, stars as Yossarian and John Stephen King plays the Psychiatrist in Los Altos Stage Company’s “Catch-22.”

Los Altos Stage Company’s presentation of “Catch...

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Spiritual Life

Business Briefs

Rambus Inc. reports third-quarter revenues

Rambus Inc. recently reported third-quarter revenues of $31.7 million, down 18 percent from the second quarter, primarily due to lower patent royalty revenue, but up 14 percent from the same quarter last year, attributed to agreements signed with Samsung during the first quarter of 2010. Year-to-date revenue for the nine months that ended Sept. 30 totaled $232.5 million, up 183 percent over the same period last year.

“Revenue for the quarter was down sequentially, as anticipated patent license renewals did not complete by quarter end, however, those negotiations are active and proceeding well,” Rambis President and CEO Harold Hughes said. “During the quarter, we did sign a patent license agreement with Nvidia for certain memory controller patents on a going-forward basis and expect to receive the first payment in November.”

Total operating costs and expenses for the third quarter of 2010 were $43.2 million, which included a $10.3 million gain related to the Samsung settlement, $7.5 million of stock-based compensation expenses and $1.2 million for previous stock-based compensation restatement and related legal expenses. Year-to-date expenses through Sept. 30 were $48.5 million, which included a $116.5 million gain related to the Samsung settlement, $23.2 million of stock-based compensation expenses and $3.4 million for previous stock-based compensation restatement and related legal expenses.

For more information, visit www.rambus.com.

Housing market rallies in September

The National Association of Realtors reported that existing-home sales, which include single-family, townhomes, condominiums and co-ops, jumped 10 percent from August to an annual rate of 4.53 million in September but remained 19 percent below the pace in September 2009, when first-time buyers were ramping up in advance of the initial deadline for the tax credit last November. Single-family home sales alone increased 10 percent from August but were 19.5 percent below the September 2009 pace.

Sales of single-family detached homes in California saw their second consecutive monthly gain, according to the California Association of Realtors. Statewide home resale activity rose 3.8 percent in September to a seasonally adjusted rate of 466,580, up from August’s 449,290. The September pace was down 12.2 percent from the same time last year.

The local picture shows sales of single-family detached homes Santa Clara County down 3.7 percent in September from the previous month and down 22.2 percent from the same time last year, although Cupertino, Los Gatos, Menlo Park and Sunnyvale saw increases in single-family home sales from August, according to MLSListings Inc.

Nationwide, the median existing single-family home price was $172,600 in September, down 1.9 percent from a year ago. In California, the median price of an existing, single-family detached home was $309,900, up 4.5 percent from the $296,610 median price for the same period a year ago.

In Santa Clara County, the median price dropped slightly by 2.1 percent to $620,000, though it is up 12 percent from the same time last year. Los Altos had a median price of $1.56 million.

Rates for a 30-year fixed-rate mortgage are hovering around 4.4 percent, though worry over the job market prevails, which ultimately affects not only the housing market, but the entire economy, according to Jeff Bell, president of the Silicon Valley Association of Realtors.

“Of course, jobs must return to the market for many Americans to even consider homeownership,” Bell said. “But buyers who have reviewed their finances and believe they are in a secure position to become homeowners have an opportunity to take advantage of affordability conditions in today’s market.”

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