Thu02262015

News

One downtown pharmacy closes, another arrives soon

One downtown pharmacy closes, another arrives soon


Ellie Van Houtte/Town Crier
Los Altos Pharmacy closed its doors at the end of 2014 after more than 80 years in business. Staff moved compounding operations to San Jose.

The final chapter for Los Altos Pharmacy on Second Street ended this winter when...

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Schools

Former NFL player huddles with Blach students about life choices

Former NFL player huddles with Blach students about life choices


Ellie Van HOutte/Town Crier
Former NFL tight end Eason Ramson visited with Blach Intermediate School students, Feb. 13 to share the perils of drug use. Now a motivational speaker, Ramson works with at-risk teens in San Francisco.

Although former ...

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Community

Chi Am Circle, Chef Chu's prove 'golden': Club sets fundraising goal of $200K for March fashion show

Chi Am Circle, Chef Chu's prove 'golden': Club sets fundraising goal of $200K for March fashion show


Courtesy of Bev Harada
Chi Am Circle members, from left, Gerrye Wong, Sylvia Eng, Pearl Lee and Muriel Kao flank Larry Chu Sr. at the Jan. 31 event honoring the club’s 50th and Chef Chu’s 45th anniversaries.

Chef Chu’s restaurant in Los Altos ho...

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Comment

Freedom's just another word: No Shoes, Please

It used to be that the word “freedom” held exclusively positive connotations for me, but now it’s really become a mixed bag. It all started in 2001 when President George W. Bush asked the question he felt was on the minds of most Americans regarding ...

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Special Sections

Filoli in bloom: Historic estate hosts  classes, events and tours

Filoli in bloom: Historic estate hosts classes, events and tours


Ellie Van Houtte/Town Crier
Scenes from Filoli: The historic estate in Woodside is a welcoming sanctuary for visitors. The grounds offer a rotating display of seasonal flowers, a tranquil reflecting pool and paths that wend through the 16-acre Engl...

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Business

Stock volatility still confusing

The market opened down more than 100 points Friday but by noon rose more than 130, the form of volatility that quickly draws investors’ attention. By week’s end, the Standard & Poor’s 500 index and the Dow Jones industrial aver...

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Books

French novel

French novel "Hunting and Gathering" offers character-driven suspense


Anna Gavalda is a well-known author in her native France, where she has published six books, most of which have met with considerable praise and commercial success. Her fourth novel, “Hunting and Gathering” (Riverhead Books, 2007), is filled ...

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People

CHRIS A. KENISON

CHRIS A. KENISON

Feb 13, 1945-Feb 6, 2015

Resident of Los Altos

Chris was born in Georgia and moved to Oklahoma as a young child. He grew up there and moved to California in 1965. He developed a strong work ethic from his grandparents and parents. He attended the...

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Travel

Seoul of the city: Korean capital offers mix of old and new

Seoul of the city: Korean capital offers mix of old and new


Ramya Krishna/Special to the Town Crier
Seoul’s Cheonggyecheon public recreation space, above, features an elevated pedestrian bridge.

Seoul, South Korea, is a study in contrasts. Having grown quickly, the city is a mix of old and new.

Using...

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Stepping Out

'Park' in the hills

'Park' in the hills


courtesy of Foothill Music Theatre
Dot (Katie Nix) imagines her dream job as a follies dancer in the Foothill Music Theatre production of “Sunday in the Park with George.” The play runs through March 8.

Foothill Music Theatre’s production of “Su...

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Spiritual Life

Is your thought life sabotaging your spiritual journey?

My computer started having problems – there seemed to be some sort of malware running in the background. At first it was just annoying, then it began to slow down my computer, interfering with its basic operations. What is it doing? Why can...

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Magazine

Local events serve up family fun

Local events serve up family fun


Courtesy of Peninsula Youth Theatre
Peninsula Youth Theatre’s production of “Pecos Bill: A Tall Tale” is slated to open March 20 in Mountain View.

For families seeking a break from the daily routine, events abound this month and next in Los Alto...

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This stock sell-off is an opportunity

Investors sent the stock market into a panic last week, selling their stocks after Federal Reserve Chairman Ben Bernanke reported that free money and high liquidity are about to come to an end. Bernanke indicated that if economic data continue to improve, the Fed will begin pulling back on its $85 billion per month buying program, with plans to wrap it up entirely next year.

The Fed assumes that the economy is gaining strength and that the future outlook for stocks is inviting. Investors should consider the sell-off an opportunity to buy high-quality stocks that are leaders in their class, because the turbulence won’t last.

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

• Adobe Systems Inc. (ADBE; $43.94) reported second-quarter profits that exceeded analysts’ estimates. Subscribers continue to sign up for Adobe’s cloud computing services, with the company adding 221,000 Creative Cloud subscribers last quarter for a total of 700,000.

Adobe forecast sales of $975 million to $1.03 billion and earnings of 29-35 cents a share for the current fiscal quarter.

According to company officials, 12.8 million customers are using Adobe’s desktop products, 8.4 million via suites that bundle programs and 4.4 million via individual tools. While Adobe predicts 4 million subscribers for its cloud service by the end of 2015, there is a potential market of 8 million creative professionals for the programs.

Adobe faces a fearsome competitor for cloud computing services in Oracle Corp., but many analysts are upgrading Adobe stock because of the potential for a billion-dollar recurring revenue stream. The mean target price for Adobe stock is $47.67 per share, with a high target of $58.

• Apple Inc. (AAPL; $403.18) officials announced last week that the company signed a contract with the Los Angeles Board of Education to provide iPads to every student on 47 campuses beginning in the fall – a $30 million commitment. The board voted unanimously to supply the iPads.

“The iPad rated the best in quality, was the least-expensive option and received the highest scoring by a review panel that included students and teachers,” said Jamie Aquino, the Los Angeles Unified School District’s superintendent of instruction.

Apple is expected to roll out new models in the fall, including the iPhone5S with new fingerprint technology and larger screens as well as a cheaper version in five to six colors to differentiate it from the more expensive models. The cheaper model is necessary to compete in China and India.

In its latest earnings report, Apple CEO Tim Cook revealed that the company would expand its share buyback program from $10 billion to $60 billion. Cook also reported a 15 percent increase in Apple’s dividend, bringing the quarterly payout to $3.05.

Apple’s revenue growth has declined from the plush days of 2010, when the company’s fortunes rode high on the sales of iPads and iPhones and its share price topped $700.

Today, just 75 percent of the 68 analysts covering Apple consider the stock a buy, with most concerned about the e-book price-fixing scandal and/or the U.S. International Trade Commission’s ruling that Apple violated Samsung patents.

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