Thu07242014

News

Downtown green park pops up again in August

Downtown green park pops up again in August


Ellie Van Houtte/Town Crier
The Third Street Green debuts Aug. 3 on the 300 block of State Street in downtown Los Altos.

Another temporary park is poised to pop up in downtown Los Altos this summer.

According to Brooke Ray Smith, community devel...

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Schools

MVLA rolls out laptop integration this fall

MVLA rolls out laptop integration this fall


Town Crier File Photo
Starting in the fall, daily use of laptops in the classroom will be standard operating procedure for students at Los Altos and Mountain View high schools as the Mountain View Los Altos Union High School District launches a pil...

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Community

Generations blend behind the scenes at 'Wizard of Oz'

Generations blend behind the scenes at 'Wizard of Oz'


Altos Youth Theatre and Los Altos Stage Company rehearse a scene from “The Wizard of Oz.” ELIZA RIDGEWAY/ TOWN CRIER

A massive troupe of young people and grownups gathered in Los Altos this summer to stage the latest iteration of a childhood sta...

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Sports

Football in July

Football in July


Town Crier file photo
Mountain View High’s Anthony Avery is among the nine local players slated to play in tonight’s Silicon Valley Youth Classic.

Tonight’s 40th annual Silicon Valley Youth Classic – also known as the Charlie...

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Comment

Pools should be included: Editorial

Los Altos residents should be receiving calls this week from city representatives conducting a survey to determine priorities for a revamped Hillview Community Center.

Notice that we did not say “civic center” – chastened by a lack of public support...

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Special Sections

Looking for life without lows, local diabetic tests artificial pancreas

Looking for life without lows, local diabetic tests artificial pancreas


Photo by Ellie Van Houtte/Town Crier
Dr. Trang Ly, left, reviews blood sugar readings on a smartphone with Los Altos resident Tia Geri, right, and fellow participant Noa Simon during a closed-loop artificial pancreas study for Type 1 diabetics.
...

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Business

Palo Alto law firm coming to 400 Main

Palo Alto law firm coming to 400 Main


Ellie Van Houtte/ Town Crier
Longtime Palo Alto law firm Thoits, Love, Hershberger & McClean plans to open an office at 400 Main St. in Los Altos after construction is complete in November.

A longtime Palo Alto law firm plans to expand int...

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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

RICHARD PATRICK BRENNAN

RICHARD PATRICK BRENNAN

Resident of Palo Alto

Richard Patrick Brennan, journalist, editor, author, adventurer, died at his Palo Alto home on July 4, 2014 at age 92. He led a full life, professionally and personally. He was born and raised in San Francisco, joined the Arm...

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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

PYT stages 'Shrek'

PYT stages 'Shrek'


Lyn Healy/Spotlight Moments Photography
Dana Cullinane plays Fiona in Peninsula Youth Theatre’s “Shrek The Musical.”

Peninsula Youth Theatre presents “Shrek The Musical” Saturday through Aug. 3 at the Mountain View Center for the Performing Arts...

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Spiritual Life

Foothills Congregational: 100 years and counting

Foothills Congregational: 100 years and counting


Courtesy of Carolyn Barnes
The newly built Los Altos church in 1914 featured a bell tower and an arched front window. Both continue as elements of the building as it stands today.

Foothills Congregational Church – the oldest church building in L...

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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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Job growth boosts stock market

Last week was volatile for stocks, with interest-rate worries prompting market fluctuations. Despite the swings, the Dow Jones industrial average remained within 3 percent of its May 28 all-time closing high of 15,409.39. After the release of the monthly job reports Friday, the market shot up more than 150 points.

Attribute the volatility to fears of interest-rate increases and a preponderance of negative profit warnings. Recent guidance from S&P 500 companies for the June quarter has also been negative.

A more substantial pullback would not be surprising, as the market has advanced without interruption since mid-November. We are at the point where we could use a short downturn.

While interest-rate fears have received most of the blame, a number of warnings are floating around to confuse the average investor. Rising bond yields and falling profit expectations are hurting the relative appeal of stocks, especially where the primary draw is dividend income.

For now, however, the Dow is still in the bullish camp and quality stocks are available at reasonable valuations.

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

• Symantec Corp. (SYMC; $22.26) released its fourth-quarter results last month, reporting its operating margin at 14.4 percent, compared with 11.4 percent for the same quarter last year. Symantec’s net income totaled $188 million, down from $559 million a year ago. Last year the Mountain View-based company benefited from a joint venture stake sale to Huawei, contributing to the year-over-year change.

“In a year of significant leadership changes and development of a new company strategy, the team remained focused on running the business to deliver better than expected results,” said Steve Bennett, president and CEO of Symantec, a security software maker.

Symantec’s share price has increased nearly 55 percent in the past year, exceeding the performance of the broader market during the period. The stock price should continue to rise.

Analysts at The Street deem Symantec stock a buy – with a high price of $30 – noting that the company’s strengths are evident in revenue growth, stock price performance, valuation levels, profit margins and financial position.

• Electronic Arts Inc. (EA; $23.08) scored some press last week, with a Wall St. Cheat Sheet headline asking: “Is Electronic Arts Really the Worst Company in America?” The author of the article, Dan Moskowitz, immediately answered, “absolutely not,” though he did cite revenue as a major problem. The worst company in the world, he wrote, doesn’t have a profit margin, a strong balance sheet and increased online exposure.

Electronic Arts stock vaulted to a 52-week high Friday at $23.66 per share.

The Redwood City firm develops, markets, publishes and distributes game software content. It also provides services for video-game consoles, personal computers, tablets and electronic readers. Founded in 1982, Electronic Arts sells its products through mass-market retailers and specialty stores.

The next generation of games from Electronic Arts – Madden NFL 25, NBA Live, Battlefield 4 and several all-out multiplayer warfare games – was announced Monday, after the Town Crier’s press deadline.

Recent analysts’ reports have upgraded Electronic Arts stock to a hold or a neutral, with a mean target price of $21.50 and a high of $26.

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