Wed07302014

News

"Brown is the new green," says local water district


Lina Broydo/Special to the Town Crier
Are downtown Los Altos flower pots getting too much water? The Santa Clara Valley Water District plans to hire “water cops” to discourage overwatering.

The Santa Clara Valley Water District is spending nearl...

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Schools

Foothill camps prepare local students for STEM careers

Foothill camps prepare local students for STEM careers


Photos Ellie Van Houtte/Town Crier
Middle school students make robotic hands using 3-D printers during a STEM Summer Camp at Foothill College.

From designing roller coasters to developing biodegradable plastics, high school students received an i...

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Community

Local entrepreneur opens home to Afghan and Rwandan women

Local entrepreneur opens home to Afghan and Rwandan women


Ellie Van Houtte/Town Crier
Businesswomen Joan Mazimhaka of Rwanda, third from left, and Fakhria Ibrahimi of Afghanistan, in orange, traveled to the U.S. with a 26-woman delegation through the Peace Through Business program.

Employees scoop ice ...

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Comment

Moving on: The Rockey Road

Just over a month ago, we decided to put our house on the market. My husband and I had been tossing around the idea of moving back to the area where we grew up, which is only approximately 40 minutes from here. Of course, Los Altos is a great place t...

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Business

Halo heads to Los Altos: Blow-dry bar founder opens new First Street location Monday

Halo heads to Los Altos: Blow-dry bar founder opens new First Street location Monday


ElLie Van Houtte/ Town Crier
Armed with blow dryers, Halo founder Rosemary Camposano, left, and store manager Nikki Thomas prepare for the blow-dry bar’s grand opening on First Street Monday.

A blow-dry bar is set to open downtown Monday, and i...

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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

CARSTEN HUGHES

Long time Los Altos resident, Dr. Alfred Hughes, died May 1st after a long illness. Dr. Hughes was born in 1927 in Maspeth, NY. He served in the US Army from 1945-6, attended Brooklyn Polytechnic University, then graduated from Reed College in Portla...

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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

'Wizard' winds down at Bus Barn

'Wizard' winds down at Bus Barn


Town Crier file photo
Local actors rehearse a scene from “The Wizard of Oz.”

Los Altos Youth Theatre and Los Altos Stage Company’s collaborative production of “The Wizard of Oz” is slated to close Sunday at Bus Barn Theater, 97 Hillview Ave.

T...

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Spiritual Life

Stanford University appoints new dean for religious life

Stanford University appoints new dean for religious life


Shaw

Stanford University named the Very Rev. Dr. Jane Shaw, dean of Grace Cathedral in San Francisco, its new dean for religious life.

Provost John Etchemendy announced Shaw’s appointment July 21, adding that she also will join the faculty in...

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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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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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