Mon05042015

News

Water district reps address LAH concerns over project taxation

Water district reps address LAH concerns over project taxation

 Gary Kremen

Los Altos Hills residents, city councilmembers and even the Santa Clara Valley Water District Board chairman have protested taxes for water the district doesn't deliver.

"We're getting taxed for something we're not receiving, ...

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Schools

Homestead students use projects  to solve environmental problems

Homestead students use projects to solve environmental problems


Alisha Parikh/Special to the Town Crier
Homestead High School junior Maya Dhar, a Los Altos resident, left, and classmate Carolyn MacDonald support the school’s AP Environmental Science classes at the Arbor Day Festival April 23.

As summer appro...

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Community

Slideshow: Los Altos Live!

More than 20 acts performed to a soldout crowd Saturday at Los Altos High School's Eagle Theater for the seventh annual "Los Altos Live!" talent show. The show featured an eclectic range of acts, including rock bands, singers, dancers and the Broad...

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Sports

St. Francis swimmers shine

St. Francis swimmers shine


Megan V. Winslow/Town Crier
St. Francis High’s Benjamin Ho competes against Sacred Heart Cathedral Thursday. The junior swam on all three victorious relays at the home meet, which the Lancers won easily.

Flexing its power in the pool, host St....

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Comment

Halsey House deserves preservation: Other Voices

Halsey House deserves preservation: Other Voices


Many contributing supporters to the Friends of Historic Redwood Grove believe that the Halsey House, designated a historic landmark by the Los Altos City Council in 1981, deserves to be saved and renovated for adapted use by the community.

Set in ...

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Special Sections

Sneaky shots: A photographers guide to capturing the proposal

Sneaky shots: A photographers guide to capturing the proposal


Elliott Burr/Special to the Town Crier
A stealthy photographer scouts locations ahead of time to find not just a place to perch, but also the ideal position for the subjects.

It’s showtime.

You’re about to ask the person in front of you to spen...

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Business

Pharmaca celebrates grand opening over weekend

Pharmaca celebrates grand opening over weekend


Megan V. Winslow/Town Crier
Pharmaca is coming to 400 Main St. with a grand-opening celebration scheduled Saturday and Sunday.

If natural health and beauty products are your cup of tea, expect to find them – and hot tea – this weekend at the gran...

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Books

People

JANE BUTTERFIELD PRINGLE LYND

JANE BUTTERFIELD PRINGLE LYND

October 30, 1924 - April 8, 2015

Jane Butterfield Pringle Lynd, daughter to Liebert and Elise Butterfield of San Francisco, passed away quietly at her home in Palo Alto surrounded by her family, following a short illness. Jane was a proud third ge...

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Travel

Cuba libre: Local residents join mad rush of travelers

Cuba libre: Local residents join mad rush of travelers


Natalie Elefant/Special to the Town Crier
Los Altos resident Natalie Elefant noted the vibrant street performances as a traveler in Cuba.

The U.S. restored diplomatic relations with Cuba late last year, enabling Americans to import $100 worth of cig...

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Stepping Out

'Birds' landing in Mtn. View

'Birds' landing in Mtn. View


Ray Renati/Special to the Town Crier
The Pear Avenue Theatre production of Paul Braverman’s “Birds of a Feather” stars Troy Johnson as mafia boss Sean Kineen, left, and Diane Tasca as private eye Frankie Payne.

Pear Avenue Theatre’s world premi...

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Spiritual Life

Magazine

Practice prudent pruning: Maintaining manzanita, ceanothus and toyon

Practice prudent pruning: Maintaining manzanita, ceanothus and toyon


tanya kucak/Special to the Town Crier
Shrub manzanitas are known for their sinuous mahogany trunks and branches. If the foliage hides the bark, prune selectively to open the center so that the bark is visible year-round. This Montara manzanita is ...

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Inside Mountain View

Up to the challenge: Local leaders unite to help at-risk youth

Up to the challenge: Local leaders unite to help at-risk youth


Courtesy of Challenge Team
Jeanette Freiberg, bottom of pile, has fun with family members. The Challenge Team named Freiberg, a student at Mountain View High School, its 2015 Youth Champion.

There’s an ongoing joke among members of the Challenge...

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Dow takes backseat after 10-day rally

After the Dow Jones industrial averages closed higher for 10 straight days, a market pullback was not surprising, because bear markets often begin when earnings and dividends are at all-time highs.

Dividends for the S&P 500 hit a record high as well and could trend higher this year, as big banks are expected to increase their payouts soon in response to the Federal Reserve’s latest round of stress tests.

U.S. equities have pushed up their run for 10 consecutive days without a major consolidation since the start of the year, a result of funds flowing out of money markets and fixed incomes to equities. This kind of trend doesn’t change easily, and we can look for more of it.

Companies are doing better than expected and stockpiling money hand over fist. There is also hope that the Fed will continue printing money with urgency until unemployment falls below 6.5 percent. A shift from this policy could rattle the market and bring down equity prices. Sooner or later, a correction will occur – and it may be a good thing, to keep the market affordable.

Although interest rates are ridiculously low and have a bullish effect on the market, many investors remain skeptical because of continued gridlock in Washington, D.C.

Two Town Crier “50” companies made headlines last week.

• Microsoft Corp. (MSFT; $28.22) was fined $732 million by the European Union for failing to comply with an antitrust pact concerning its Internet browser. Some versions of the Windows operating system omitted a screen that allowed users to select a default Web browser. Microsoft blamed the violation on a glitch, which impacted the stock share price.

In other news, Microsoft agreed to sell its online advertising program – Atlas Advertising Suite – to Facebook for an undisclosed sum. The move highlights Facebook’s intention to overtake Google as the U.S. leader in online display ads.

Microsoft has a market cap of $233.82 million, with shares up 5.3 percent year to date. The stock currently offers a 3.3 percent dividend yield. Most analysts consider Microsoft a long-term buy or, at worst, a hold.

• LSI Corp. (LSI; $6.79), which designs, develops and markets storage and networking semiconductors worldwide, came across a new outlet for supplying chips to base stations in the disk-drive industry and is ready to break out on the upside. The company recently signed a deal with NetApp Inc. that could make it a game changer for how applications handle data in the future.

LSI boasts a projected earnings-per-share growth rate of 13 percent over the next five years. LSI stock is currently trading 25 percent below its 52-week high.

Recently analysts have downgraded the stock from “outperform” to “market perform.” The high market price is $10, with a low target of $7. While Deutsche Bank has downgraded the stock from a buy to a hold, no analyst has recommended a sell.

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