Fri12192014

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

Take a dive into the holiday archive

Take a dive into the holiday archive

Town Crier staff made a quick cruise back through the newspaper's archives to find some late-December reading as inspiration for eating, drinking, decorating and more:

Beloved holiday books build the spirit of the season and staff at Los Altos’ Li...

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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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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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