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

DR. ALFRED 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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Stock market soars to record high

The stock market set new highs every day last week, and there shouldn’t be any speed bumps in the near term.

Declining unemployment is a big sign of improvement in the U.S. economy. The unemployment rate fell to 7.7 percent, its lowest level since 2008, and the economy added 236,000 jobs.

The Dow hit a record high of 14,165 Oct. 9, 2007, but the market lost more than half its value within 15 months. Worries remain as the March 27 deadline looms – current funding for the federal government expires, raising the specter of another shutdown battle.

Investors have been buying into the market during this week’s rally. The recovering economy and loose monetary policy by central banks around the world have pushed U.S. stocks higher this year. With the market firmly in bullish territory and economic drivers pointing upward, experts advise investors to keep 95 to 98 percent of their equity positions in the market.

Two Town Crier “50” stocks in the news:

• Yahoo Inc. (YHOO; $22.70) gave President and CEO Marissa Mayer a $1.1 million bonus in addition to her $1.1 million salary and stock compensation worth $56 million.

The board and investors rewarded Mayer for the company’s stock performance during her first five months at the helm – the stock rose from $16.54 to $22.90, a 46 percent gain. The company has hired six CEOs in five years, and most have looked outward. Mayer has concentrated on fixing internal problems.

She recently put an end to Yahoo’s work-from-home option. Approximately 200 employees worked from home, leaving empty cubicles and parking spaces at the company’s Sunnyvale headquarters. Mayer wanted workers in the office.

Since Mayer took the reins, analysts have begun to jump on the Yahoo bandwagon, with numerous analysts upgrading the stock from a hold to a buy.

• Rambus Inc. (RMBS; $5.66) has transferred a portfolio of patent assets covering display technologies to a subsidiary of Acacia Research Corp.

Rambus received an initial upfront payment and is expected to receive subsequent payments.

“The transaction enables Rambus to deliver value to our shareholders while we focus our resources and investments in other areas,” said Ronald Black, Rambus president and CEO.

The Sunnyvale-based company, founded in 1990, engages in the creation, design, development and licensing of patented innovations, technologies and architecture to digital electronic products.

Rambus’ share price has ranged between a high of $150 in 2000 to a low of $3 in 2002, with a 4:1 split in June 2000. The share price in 2010 fluctuated between $20 and $24, giving the firm a market capitalization value of $2.5 billion.

The company has lived with continuous lawsuits that determine the market price. In the past 52 weeks, the stock price has ranged between $3.78 and $6.96.

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