Thu11272014

News

VTA plans for  El Camino Real prompt skepticism

VTA plans for El Camino Real prompt skepticism


Ellie Van Houtte/Town Crier
A Valley Transit Authority proposal to convert general-use right lanes on El Camino Real to bus-only use received a chilly reception last week.

A Valley Transit Authority proposal that prioritizes public transit alo...

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Schools

MVHS students attempt Guinness World Record

MVHS students attempt Guinness World Record


Barry Tonge/Special to the Town Crier
Local residents participate in an attempt to break the Guinness World Record for making the most friendship braceletsNov. 9 at Mountain View High.

More than 300 Mountain View High School students gathered around...

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Community

Bigger, better days ahead for Foothill Veterans Resource Center

Bigger, better days ahead for Foothill Veterans Resource Center


Student veterans at Foothill College can seek support, access resources and socialize at the Veterans Resource Center.
Ellie Van Houtte/Town Crier

Carmela Xuereb sees bigger things in store for the Foothill College Veterans Resource Center. One...

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Comment

Serving those who served us: Editorial

“Thank you for your service” often comes across as lip service to our veterans. As always, actions speak louder than words.

The Rotary Club of Los Altos has taken plenty of action, contributing time and money to improve opportunities for veterans th...

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Business

Report: Los Altos homes priciest in U.S.

Report: Los Altos homes priciest in U.S.


ToWn Crier File Photo
The average cost of a four-bedroom, two-bathroom home in Los Altos is 30 times more than the price of a similar home in Cleveland, according to a Coldwell Banker report.

The average cost of one Silicon Valley home can purchase ...

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Books

Children's author signs books at Linden Tree

Children's author signs books at Linden Tree


Author Tiffany Papageorge is scheduled to sign copies of new her book 11 a.m. Dec. 6 at Linden Tree Books, 265 State St., Los Altos.

Papageorge’s “My Yellow Balloon” (Minoan Moon, 2014) is a Mom’s Choice “Gold” winner. In the book, the Los Gat...

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People

RICHARD CAMPBELL WAUGH

RICHARD CAMPBELL WAUGH

Richard Campbell Waugh of Los Altos Hills, Ca. died at home October 31, 2014 surrounded by his family and caregivers.

Dick was born 1917, in Fayetteville, Arkansas. He earned a BS in chemistry from University of Arkansas and a PhD in organic chemi...

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Travel

Weekday Wanderlust highlights the joys of armchair travel

Weekday Wanderlust highlights the joys of armchair travel


Dan Prothero/Special to the Town Crier
Travel writers at the October gathering of the Weekday Wanderlust group include, from left, James Nestor, Kimberley Lovato, Paul Rauber, Marcia DeSanctis and Lavinia Spalding.

Travel writing should either ̶...

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Stepping Out

Pacific Ballet's 'Nutcracker' opens Friday in downtown Mtn. View

The Pacific Ballet Academy is back with its 24th annual production of “The Nutcracker,” scheduled this weekend in downtown Mountain View.

The story follows young Clara as she falls into a dream where her beloved nutcracker becomes the daring prince ...

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Magazine

Christmas At Our House home tour celebrates 26 years

Christmas At Our House home tour celebrates 26 years


Courtesy of Christopher Stark
Homes on the St. Francis High School Women’s Club’s Christmas at Our House Holiday Home Tour showcase a variety of architectural styles.

The days grow short on sunshine but long on nostalgia as the holidays approach...

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There’s no sell and go away this May

On the last day of May, the bears had their say, but “Sell in May and go away” hasn’t held true. The Dow Industrials and the S&P are up 3.5 percent and even Nasdaq is up approximately 5 percent since the first of the year. In other words “Sell in May and Go Away” has not held true this year but the bears are grunting with the market down nearly 209 points the last day in May.

While the Dow Industrials closed at all-time highs May 28, the broader market has moved sideways over the past two weeks with interest rates rising.

The Treasury yields are rising with the 10-year note now doing better than 2 percent for the first time this year. This will hurt utility and favorite stocks that pay a yield of approximately 3 percent. Stocks bought primarily for their dividend yields will be hit hardest.

This past week the Japanese stock market became volatile when the Nikkei shed 5 percent and the $1 trillion Government Pension Investment Fund considered changes in the allocation and drifted away from their targeted levels. Other governments are watching the outcome.

The dollar is regaining strength but the Federal Reserve could make a policy change that would reduce or end quantitative easing or end the stimulus. Once the stimulus stops, we will return to old fundamental practices.

Several pundits commented that something’s up. Every analyst can tell, but nobody is quite sure what it is. Is it time to sell a small portion of the portfolio and keep a little cash on hand? No, the bulls still have the driving hand and investors shouldn’t read too much into one month’s data.

Here’s a look at two Town Crier stocks in the news this week.

• Cisco Systems Inc. ($24.26; CSCO) has challenged the European Commission’s approval of Microsoft’s $8.5 billion purchase of Skype, a provider of Internet video and phone service in 2011.

Cisco’s earnings per share increased 6 percent to $0.51 excluding special items in the April Quarter, topping the consensus by $0.02. Revenue climbed 5 percent to $12.22 billion, also ahead of expectations. Cisco is looking toward a repeat performance for the fourth quarter.

Cisco expects to boost its strength in mobile services through more acquisitions and several product expansions through additions.

Cisco is considered a current and a long-term buy with numerous analysts.

• Applied Materials Inc. ($15.39; AMAT) provides manufacturing equipment, services and software to the semiconductor, flat panel display and related industries worldwide. The stock of the Santa Clara firm has moved up 35 percent since the first of the year with a market cap of $17.87 billion.

Applied Materials reported its second quarter operating income of $285 million and adjusted income of $199 million of 16 cents per diluted share. Net sales were $1.97 billion, up 25 percent.

“For the second quarter in a row, Applied had strong order performance of more than $2 billion,” said Chairman and CEO Mike Splinter. “We are seeing increasing pull from some of out largest strategic customers for our key enabling technologies.”

Analysts were mixed on future results with numerous recommending downgrades to hold or neutral. The Street rates Applied as a hold. The company’s strengths can be seen in multiple areas such as its solid stock price performance with reasonable debt levels and expanding profit margins.

Mean target price is $15.08 which has already been passed. High target price is $20.

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