Fri10242014

News

Council hosts study session on downtown parking garage

Council hosts study session on downtown parking garage


Ellie Van Houtte/Town Crier
The Los Altos City Council continues to explore options to address parking constraints in the downtown triangle.

The Los Altos City Council last week held the first of two study sessions to discuss the potential construct...

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Schools

LAHS Science and Technology Week features medical examiner

LAHS Science and Technology Week features medical examiner


Ellie Van Houtte/Town Crier
A Los Altos High School student learns how to use robotic surgical equipment at the school’s Science and Technology Week event last year. Students can also attend hands-on presentations at this year’s event, w...

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Community

Ahoy, matey: Pirate Manor ramps up Halloween display

Ahoy, matey: Pirate Manor ramps up Halloween display


Town Crier File Photo
Pirate Manor is once again scheduled to arrive in the front yard of Dane and Jill Glasgow’s home on Manor Way in Los Altos, just in time for Halloween.

Although not the Walking Dead, pirate skeletons have been brought to li...

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Sports

Lancers rule the pool against Spartans

Lancers rule the pool against Spartans


Ellie Van Houtte/Town Crier
St. Francis High’s Eric Reitmeir launches the ball over Mountain View High driver David Niehaus (2) and goalie Kenny Tang. The host Lancers won Friday’s non-league game 9-3.

There wasn’t a lot on the line Friday when ...

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Comment

Reeder, Fung for El Camino HCD: Editorial

The good news for the El Camino Healthcare District (formerly the El Camino Hospital District, for those still getting used to the new name) is that there is a contested election Nov. 4 for the district’s board of directors. Three candidates are runn...

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Special Sections

Plant-based diet offers benefits

Plant-based diet offers benefits


Photo by Ramya Krishna
Los Altos resident Nandini Krishna prepares a meat-free dish According to author Caldwell B. Esselstyn Jr., M.D., a plant-based diet can help prevent cancer.

Shirley Okita of Los Altos has found that adhering to a mostly plant...

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Business

New shop offers haute couture for girls

New shop offers haute couture for girls


Ellie Van Houtte/Town Crier
The Girls @ Los Altos at 239 State St. offers clothing lines such as Nellystella as well as toys and other items for girls.

Cecilia Chen opened The Girls @ Los Altos as a tribute to the party dress. Whether it’s for...

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Books

Helping kids catch a few Zs: Local dental hygienist pens meditative bedtime book

Helping kids catch a few Zs: Local dental hygienist pens meditative bedtime book


Ellie Van Houtte/Town Crier
Mimi Sommers, who works at a Los Altos dentist’s office, recently wrote a children’s book.

A local dental hygienist recently published a book that aims to ease parents and children during a sometimes anxious e...

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People

BARBARA DARLING MERIDETH

1946-2014

Born in Palo Alto, raised in Los Altos, retired in southern Oregon. Survived by Peter James Merideth, sons Matthew, Jacob and John Merideth, the loves of her life.

She was a housewife who took great pride in her home, her surroundings and...

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Travel

Falling leaves: Four places in California to see autumn colors

Falling leaves: Four places in California to see autumn colors


Courtesy of Castello di Amorosa
Castello di Amorosa in Calistoga, above, boasts a beautiful setting for viewing fall’s colors – and sampling the vineyard’s wines.

Yes, Virginia, there is fall in California.

The colors pop out in...

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Stepping Out

'Sleepy Hollow' awakens at Bus Barn

'Sleepy Hollow' awakens at Bus Barn



Los Altos Youth Theatre’s production of “The Legend of Sleepy Hollow,” a musical based on Washington Irving’s classic story, is set to run through Nov. 2 at Bus Barn Theater. The cast comprises 27 young actors, directed by Cindy Powell. Courtesy o...

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Spiritual Life

Magazine

Local events add color to autumn calendar

Local events add color to autumn calendar


Van Houtte/town crier Visitors make their way through the Children’s Alley.

As Los Altos’ signature Chinese Pistache trees exchange their summer green for vibrant hues of yellow, orange and red in the fall, an abundance of local events also ad...

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Spending cuts: Too soon to tell or sell

Federal spending cuts of $85 billion that went into effect March 1 are a factor for investors, as stock traders are watching whether the Dow Jones industrials can make another run at the record.

The Dow came within 15 points of its all-time high, closing Thursday at 14,164.

Stocks ended February with a gain after two strong sessions during the week. Historically, a positive January and February suggests a positive year for stocks. Now that the spending cuts have kicked in, businesses, consumers and investors have yet to appear concerned.

Is the primary trend bullish or bearish? With the Dow transports hitting an all-time high and industrials within striking range, the outlook is clearly bullish. Yet the gains do not necessarily guarantee a good year for stocks.

Another area to watch is the sentiment of the country. Surveys of individuals, newsletter editors and portfolio managers reveal an above-normal level of optimism. However, pockets of weakness and uncertainty in the economy underscore the risks inherent in any stock investment. Given the market’s recent strength and the possibility of disappointing economic news, a pullback would not be surprising.

While a secondary correction may be in the cards, it may be too soon to raise cash and buy more stock. As long as the Federal Reserve keeps interest rates low over the long term, investors will move out of bonds and into the stock market. And there is a lot of cash on the sidelines.

News of local interest:

• Hewlett-Packard Co. (HPQ; $19.95) announced that it will introduce an Android tablet in April for $169. HP, a longtime partner of Microsoft, said it would also eventually debut a Windows-based tablet.

HP provides products, technologies and software solutions to individual customers, the government and health and education sectors. Shares are up 39 percent year-to-date, and the company boasts a market cap of $38.64 billion. One analyst rates Hewlett-Packard a buy and six rate it a sell. The Street deems HP a sell.

The company’s weaknesses are evident in multiple areas: a deteriorating net income, a high debt-management risk, a low return on equity and a generally disappointing historical performance for the stock.

CEO Meg Whitman has promised to bring a number of new programs and innovations to market in coming quarters. Hewlett-Packard has become well known for its struggles, turmoil and disastrous deal-making record, but first-quarter results reveal that Whitman’s turnaround claim is in the works.

• Adobe Systems Inc. (ADBE; $40.33), a multinational computer software company with headquarters in San Jose, was founded by local residents John Warnock and Charles Geschke in 1982.

Adobe offers a line of software and services for creative professionals, marketing personnel and application developers. The company is now pushing Photoshop for iPhones and other smartphones with a product called Photoshop Touch. It should increase in popularity as mobile phones become the primary tool for people to take and edit photos.

Adobe stock hit a 52-week high last week when it reached $39.46, with 1.7 million shares traded by noon. Adobe has a market cap of $19.01 billion and a price-to-earnings ratio of 23.

The company’s strengths can be seen in its debt levels, net income and stock price performance. The Street rates Adobe Systems as a buy. Nine other analysts deem Adobe a strong buy, 12 a hold and only 1 a strong sell.

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