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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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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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