Wed04162014

News

City chips in $7,000 for SFMOMA installation

City chips in $7,000 for SFMOMA installation


Town Crier File Photo
The Los Altos City Council earmarked $7,000 for the purchase of Chris Johanson’s artwork.

The city of Los Altos will contribute $7,000 toward the purchase of a $28,000 art installation featured in the San Francisco Museum...

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Schools

LASD students celebrate service learning

LASD students celebrate service learning


Courtesy of Sandra McGonagle
We Day, held March 26 at Oracle Arena in Oakland, exhorts students in the Los Altos School District to effect positive change.

More than 150 Los Altos School District student leaders joined 16,000 Bay Area students to ce...

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Community

Film career launches with Cannes screening

Film career launches with Cannes screening


Courtesy of Zachary Ready
Los Altos native Zachary Ready, front left, and co-director Andrew Cathey, right, celebrate their Campus MovieFest awards.

After learning the art of filmmaking as a child in the front yard of his family’s Los Altos home...

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Sports

Sports on the Side

Pathways Run/Walk slated May 10 in Hills

The 13th annual Pathways Run/Walk is scheduled 9 a.m. May 10 at Westwind Community Barn, 27210 Altamont Road, Los Altos Hills. The course wends through Byrne Preserve and onto the Los Altos Hills Pathways sys...

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Comment

Now is the time to expand parking: Editorial

Just a few short years ago, vacancies dotted downtown Los Altos. Property owners had a hard time attracting businesses because there was a shortage of customers. That is no longer true. Now, the cry is: Where are my customers going to park?

The city...

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Special Sections

Epicurean's Mary Clark Bartlett: Serving sustainability

Epicurean's Mary Clark Bartlett: Serving sustainability


Courtesy of Michael McTighe
Mary Clark Bartlett is founder and CEO of Los Altos-based Epicurean Group.

Labels such as “healthy,” “organic” and “green” are rarely used to describe the meals served in most corporate cafes in Silicon Valley. But on...

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Business

Local realtor honored for volunteer efforts

Local realtor honored for volunteer efforts


Ellie Van Houtte/Town Crier
Coldwell Banker recently recognized realtor Kim Copher, right, for her philanthropic efforts. Copher and colleague Alan Russell, left, volunteer at Reach Potential Movement, where they collect books for its Bookshelf in ...

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Books

Local Author Spotlight

In an effort to support authors from Los Altos, Los Altos Hills and Mountain View, many self-published, Book Buzz periodically spotlights their books and offers information on where to purchase them. Local authors are encouraged to submit brief summa...

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People

Noteworthy

RotaCare honors local volunteer

RotaCare Bay Area honored Jim Cochran of the RotaCare Mountain View Free Medical Clinic with the Outstanding Clinic Volunteer Award April 10 for his commitment to RotaCare’s mission of providing free medical care to t...

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Travel

Sausalito: Explore the historical city with world-class views

Sausalito: Explore the historical city with world-class views


Eren Göknar/ Special to the Town Crier
Sausalito offers panoramic views of the San Francisco Bay. A number of companies schedule boat tours that sail past Angel Island and Alcatraz.

On a clear day, Sausalito offers spectacular views of the San Franc...

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Stepping Out

Western Ballet performs this weekend  at Smithwick Theatre in Los Altos Hills

Western Ballet performs this weekend at Smithwick Theatre in Los Altos Hills


Courtesy of Alexi Zubiria
Western Ballet’s “La Fille Mal Gardée” features Alison Share and Maykel Solas. The production runs Friday and Saturday at Foothill College

Western Ballet is slated to perform “La Fille Mal GardéeR...

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Spiritual Life

Magazine

A yoga class a day keeps the stress away

A yoga class a day keeps the stress away


Van Houtte/Town Crier Yoga of Los Altos hosts a variety of classes, including Strong Flow Vinyasa, above, taught by Doron Hanoch. Yin Yoga instructor Janya Wongsopa guides a student in the practice, below.

It’s nearly 9 a.m. on a Monday mornin...

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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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