Fri08012014

News

"Brown is the new green," says local water district


Lina Broydo/Special to the Town Crier
Are downtown Los Altos flower pots getting too much water? The Santa Clara Valley Water District plans to hire “water cops” to discourage overwatering.

The Santa Clara Valley Water District is spending nearl...

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Schools

Foothill camps prepare local students for STEM careers

Foothill camps prepare local students for STEM careers


Photos Ellie Van Houtte/Town Crier
Middle school students make robotic hands using 3-D printers during a STEM Summer Camp at Foothill College.

From designing roller coasters to developing biodegradable plastics, high school students received an i...

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Community

Local entrepreneur opens home to Afghan and Rwandan women

Local entrepreneur opens home to Afghan and Rwandan women


Ellie Van Houtte/Town Crier
Businesswomen Joan Mazimhaka of Rwanda, third from left, and Fakhria Ibrahimi of Afghanistan, in orange, traveled to the U.S. with a 26-woman delegation through the Peace Through Business program.

Employees scoop ice ...

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Comment

Moving on: The Rockey Road

Just over a month ago, we decided to put our house on the market. My husband and I had been tossing around the idea of moving back to the area where we grew up, which is only approximately 40 minutes from here. Of course, Los Altos is a great place t...

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Business

Halo heads to Los Altos: Blow-dry bar founder opens new First Street location Monday

Halo heads to Los Altos: Blow-dry bar founder opens new First Street location Monday


ElLie Van Houtte/ Town Crier
Armed with blow dryers, Halo founder Rosemary Camposano, left, and store manager Nikki Thomas prepare for the blow-dry bar’s grand opening on First Street Monday.

A blow-dry bar is set to open downtown Monday, and i...

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Books

"Frozen in Time" chronicles harrowing WWII rescue attempts


Many readers can’t resist a true-life adventure story, especially those that shine a spotlight on people who exhibit supreme courage in the face of adversity and end up surviving – or not – against the odds.

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People

DR. ALFRED HUGHES

Long time Los Altos resident, Dr. Alfred Hughes, died May 1st after a long illness. Dr. Hughes was born in 1927 in Maspeth, NY. He served in the US Army from 1945-6, attended Brooklyn Polytechnic University, then graduated from Reed College in Portla...

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Travel

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway


Courtesy of Ritz-Carlton
The Ritz-Carlton in Lake Tahoe offers fall getaway packages that include spa treatments and yoga classes.

Fall in North Lake Tahoe boasts crisp mornings and opportunities to spend quality time in the mountains. Specially ...

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Stepping Out

'Wizard' winds down at Bus Barn

'Wizard' winds down at Bus Barn


Town Crier file photo
Local actors rehearse a scene from “The Wizard of Oz.”

Los Altos Youth Theatre and Los Altos Stage Company’s collaborative production of “The Wizard of Oz” is slated to close Sunday at Bus Barn Theater, 97 Hillview Ave.

T...

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Spiritual Life

Stanford University appoints new dean for religious life

Stanford University appoints new dean for religious life


Shaw

Stanford University named the Very Rev. Dr. Jane Shaw, dean of Grace Cathedral in San Francisco, its new dean for religious life.

Provost John Etchemendy announced Shaw’s appointment July 21, adding that she also will join the faculty in...

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Magazine

Festival features fun for everyone

Festival features fun for everyone


TOWN CRIER FILE PHOTO
The Los Altos Arts & Wine Festival boasts more than 375 craft and arts booths.

This weekend’s 35th annual Los Altos Arts & Wine Festival promises to be jam-packed with fun activities for just about everyone. The eve...

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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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