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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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Investors approve of latest Fed action

Stocks have rebounded on encouraging economic news, bringing indexes to new highs and the Dow Jones industrial and transportation averages within 2 percent of their May highs. Along with improving labor statistics and the Federal Reserve’s decision to continue buying bonds and keep interest rates low, the news confirms a bullish trend for the market.

Job growth alone won’t support increased stock prices, but in the long run, it helps boost U.S. corporate profits. Moves above all-time Dow industrial average highs of 15,409.39 will confirm a bullish primary trend.

At an economic conference last week, Fed Chairman Ben Bernanke explained how the central bank views the economy, emphasizing that the economy must accommodate monetary policy for the “foreseeable future.”

With bond yields rising slightly and bond-fund investors suffering losses, those in the bullish camp argue that money will continue to rotate from bonds to stocks.

Stock market volatility has accelerated in July, and further weakness is possible in the near term, despite the encouraging primary trend. However, secondary corrections are necessary evils in a bull market.

The bottom line for this week reveals that the recent market volatility has troubled many investors, because stocks have done nothing unexpected when it comes to a pullback relative to historical corrections and positive moves by the Fed.

Bernanke said the Fed might begin to curb its massive bond-buying program later this year and halt the practice completely by the middle of 2014 if the unemployment rate reaches 6.5 percent.

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

• Cisco Systems Inc. (CSCO; $25.93) has reported higher sales in 14 consecutive quarters. In the past 12 months, the company’s per-share profits rose 13 percent, while its competitors’ decreased 9 percent. The world’s largest supplier of networking equipment, Cisco’s results closely correlate to the performance of the global economy.

Cisco in June introduced a new router capable of handling four times more network traffic than previous incarnations, an upgrade that could generate $2 billion over the next two years.

Even as Cisco expands into higher-growth markets such as cloud computing, it still sticks to what it does best.

Many brokerage houses rate Cisco stock as a focus or long-term buy. Investors should consider purchasing shares – stock has proven resilient during the market’s recent volatility, offers growth potential and yields an annual dividend of 2.8 percent.

• Oracle Corp. (ORCL; $31.98) stock has traded on the Nasdaq exchange since 1986, but effective July 15, the company began trading on the New York Stock Exchange. The company will retain its ticker symbol as it transfers to the NYSE.

Oracle reported soft April-quarter results, with shares slumping and the new dividend hike failing to impress investors. Earnings-per-share increased 5 percent to 87 cents, matching the consensus, while sales held flat at $10.95 billion. New software licenses and subscriptions for cloud software rose 4 percent, offsetting a decline in hardware products and support.

For the July quarter, Oracle expects sales of new licenses and subscriptions to be flat or to increase to 8 percent. The company doubled its quarterly dividend to 12 cents, payable Aug. 2. The yield is 0.8 percent per share.

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