Sat04192014

News

City chips in $7,000 for SFMOMA installation

City chips in $7,000 for SFMOMA installation


Town Crier File Photo
The Los Altos City Council earmarked $7,000 for the purchase of Chris Johanson’s artwork.

The city of Los Altos will contribute $7,000 toward the purchase of a $28,000 art installation featured in the San Francisco Museum...

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Schools

LASD students celebrate service learning

LASD students celebrate service learning


Courtesy of Sandra McGonagle
We Day, held March 26 at Oracle Arena in Oakland, exhorts students in the Los Altos School District to effect positive change.

More than 150 Los Altos School District student leaders joined 16,000 Bay Area students to ce...

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Community

Film career launches with Cannes screening

Film career launches with Cannes screening


Courtesy of Zachary Ready
Los Altos native Zachary Ready, front left, and co-director Andrew Cathey, right, celebrate their Campus MovieFest awards.

After learning the art of filmmaking as a child in the front yard of his family’s Los Altos home...

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Sports

Sports on the Side

Pathways Run/Walk slated May 10 in Hills

The 13th annual Pathways Run/Walk is scheduled 9 a.m. May 10 at Westwind Community Barn, 27210 Altamont Road, Los Altos Hills. The course wends through Byrne Preserve and onto the Los Altos Hills Pathways sys...

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Comment

Now is the time to expand parking: Editorial

Just a few short years ago, vacancies dotted downtown Los Altos. Property owners had a hard time attracting businesses because there was a shortage of customers. That is no longer true. Now, the cry is: Where are my customers going to park?

The city...

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Special Sections

Epicurean's Mary Clark Bartlett: Serving sustainability

Epicurean's Mary Clark Bartlett: Serving sustainability


Courtesy of Michael McTighe
Mary Clark Bartlett is founder and CEO of Los Altos-based Epicurean Group.

Labels such as “healthy,” “organic” and “green” are rarely used to describe the meals served in most corporate cafes in Silicon Valley. But on...

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Business

Local realtor honored for volunteer efforts

Local realtor honored for volunteer efforts


Ellie Van Houtte/Town Crier
Coldwell Banker recently recognized realtor Kim Copher, right, for her philanthropic efforts. Copher and colleague Alan Russell, left, volunteer at Reach Potential Movement, where they collect books for its Bookshelf in ...

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Books

Local Author Spotlight

In an effort to support authors from Los Altos, Los Altos Hills and Mountain View, many self-published, Book Buzz periodically spotlights their books and offers information on where to purchase them. Local authors are encouraged to submit brief summa...

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People

Noteworthy

RotaCare honors local volunteer

RotaCare Bay Area honored Jim Cochran of the RotaCare Mountain View Free Medical Clinic with the Outstanding Clinic Volunteer Award April 10 for his commitment to RotaCare’s mission of providing free medical care to t...

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Travel

Sausalito: Explore the historical city with world-class views

Sausalito: Explore the historical city with world-class views


Eren Göknar/ Special to the Town Crier
Sausalito offers panoramic views of the San Francisco Bay. A number of companies schedule boat tours that sail past Angel Island and Alcatraz.

On a clear day, Sausalito offers spectacular views of the San Franc...

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Stepping Out

Western Ballet performs this weekend  at Smithwick Theatre in Los Altos Hills

Western Ballet performs this weekend at Smithwick Theatre in Los Altos Hills


Courtesy of Alexi Zubiria
Western Ballet’s “La Fille Mal Gardée” features Alison Share and Maykel Solas. The production runs Friday and Saturday at Foothill College

Western Ballet is slated to perform “La Fille Mal GardéeR...

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Spiritual Life

Magazine

A yoga class a day keeps the stress away

A yoga class a day keeps the stress away


Van Houtte/Town Crier Yoga of Los Altos hosts a variety of classes, including Strong Flow Vinyasa, above, taught by Doron Hanoch. Yin Yoga instructor Janya Wongsopa guides a student in the practice, below.

It’s nearly 9 a.m. on a Monday mornin...

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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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