Thu10022014

News

LA Council race adds 3 new faces to city politics

LA Council race adds 3 new faces to city politics


The Town Crier chronicled the first election of Los Altos City Council incumbent Jarrett Fishpaw in 2010 and documented the Los Altos candidacy of Jean Mordo, who volunteered as a longtime public servant in Los Altos Hills before moving to the flat...

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Schools

St. Simon launches web-based learning management system

St. Simon launches web-based learning management system


Courtesy of St. Simon Parish School
St. Simon fifth-grader Matthew Cummins uses a laptop in class last week. The school’s cloud-based Schoology system boosts organization and collaboration.

Families at St. Simon Parish School in Los Altos laun...

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Community

Los Altos to celebrate 100 years of library use with 'Centennial Faire'

Los Altos to celebrate 100 years of library use with 'Centennial Faire'


Town Crier File Photo
The Los Altos main library is among the more popular branches in the county library district system, set to celebrate 100 years.

In 1914, Babe Ruth made his debut with the Boston Red Sox, wages hit $5 per day, the first ste...

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Sports

Eagles eye another stellar season

Eagles eye another stellar season


Ellie Van Houtte/Town Crier
Los Altos High outside hitter Carmen Annevelink, right, goes for the kill Thursday against Palo Alto, as teammates Sarah Tritschler, left, and Lulu Kishton prepare to play defense. The Eagles won the match in straight ga...

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Comment

Torok, Walter, Dave for MVLA board: Editorial

There’s really nothing major you can criticize about the Mountain View Los Altos Union High School District. It offers a diverse array of effective programs for all types of students. Its instructors, with few exceptions, are outstanding.

Howe...

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Special Sections

'Funabout' Fiat

'Funabout' Fiat


Photos courtesy of Fiat
The 2014 Fiat 500e uses 29 kilowatt-hours per 100 miles, which the engineers claim is the equivalent of 116 mpg of gas use. It has a sticker price of $33,095.

If you believe in climate change, would love to see alternat...

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Business

App developer eyes First Friday as testing ground

App developer eyes First Friday as testing ground


Ted Fagenson

An East Bay app developer is testing his newest creation in downtown Los Altos.

Ted Fagenson, co-founder of Skrownge (pronounced “scrounge”), told the Town Crier that he’s beta testing his mobile gaming app this week ...

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Books

From story to bookstore: Local journey highlights Halloween

From story to bookstore: Local journey highlights Halloween


Courtesy of Dee Ellmann
Jenny Hurwick self-published her picture book last month after decades of storytelling.

During her years working as a teacher and a Los Altos mom, Jenny Hurwick loved to tell stories. One tale she crafted for her son just se...

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People

VINCENT (TIM) MURPHY JR.

VINCENT (TIM) MURPHY JR.

July 27, 1953 – August 12, 2014

Native Los Altan died Medford, OR. Graduated Bellarmine Prep. Married Josephine Domino, 1950. Licensed Auto Mechanic, Private Pilot, skilled Computer Scientist. Tim “could fix anything”. Afflicted with cancer 2001. ...

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Travel

Taking a Turkey trek: Winging it during the World Cup

Taking a Turkey trek: Winging it during the World Cup


Rich Robertson/Special to the Town Crier
The sun sets over the Aegean Sea in Bodrum, Turkey, left.

Tours that whisk you from Istanbul to Bodrum in 11 days are as plentiful as souvenir hawkers in Turkey, but traveling from the Blue Mosque to Topkapi ...

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Stepping Out

'Gypsy' on its way out

'Gypsy' on its way out


Chris Berger/Special to the Town Crier
Alison Koch of Los Altos plays Dainty June in “Gypsy.”

This is the final weekend to catch the Sunnyvale Community Players production of “Gypsy” at the Sunnyvale Theatre. The musical is slated to close Sund...

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Spiritual Life

Ugandan pastor visits U.S. to raise support for children's ministry

Ugandan pastor visits U.S. to raise support for children's ministry


Ellie Van Houtte/Town Crier
Herman Lukwago educates children in Uganda.

Imagine life if your father had 25 children and you were raised in poverty in rural Uganda.

Now imagine that you and your siblings were orphaned at an early age and you ass...

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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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