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News

Obama visits Los Altos area

Obama visits Los Altos area

President Obama made a fundraising stop today at a private residence in Los Altos Hills, an appearance that spurred traffic disruptions, helicopters scouting overhead and protesters. In the wake of his visit, unknown persons, apparently no fans of ...

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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 into L...

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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 ...

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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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Consumer confidence will lift market

If history is any indicator, the market should perform strongly in the second half of the year. Since World War II, every year the S&P 500 posted gains in January and February, the market recorded a positive year.

Stocks in 2013 have registered the best first-half performance since 1999, despite the U.S. economy stuck in low gear for more than a year with an average annual growth of 1.7 percent.

But according to the monthly publication Blue Chip Economic Indicators, gross domestic product is expected to increase to 1.9 percent this year, fueled by consumers’ optimism. Consumers account for roughly two-thirds of U.S. economic activity, and the improving outlook for consumer spending is one reason the market should gain steam in 2014. When consumers have money to spend and invest, you can bank on a rising stock market.

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

• Intuit Inc. (INTU; $62.76) agreed to sell its Financial Services Business to the private-equity firm Thoma Bravo for $1 billion. Intuit also plans to sell its health group, which provides financial services and software to hospitals.

The divestures are part of Intuit’s major restructuring, designed to allow the company to concentrate more on its core business of tax programs for consumers and small businesses. The proceeds from both sales should speed up share repurchasing.

Intuit began in 1983 marketing Quicken Personal Finance Software. Annual revenue now tops $4 billion, with a net income of $792 million. With 8,500 employees, the company plans to diversify beyond desktop software and Web services into software for tablets and smartphones.

Most analysts rate Intuit stock as a hold, though Raymond James Financial Services upgraded it last week to a strong buy. The mean target price per share is $65.94, with a high of $85.

• Apple Inc. (AAPL; $412.69) is still No. 1 in the U.S. smartphone market, but its share of the market remained virtually flat at 39 percent in the quarter, according to researchers, while Samsung Electronics gained two percentage points to take a 21 percent slice and Google Motorola captured 8 percent.

Among smartphone operating systems, Google’s Android maintained a 52 percent share of the U.S. market, followed by Apple at 39 percent.

Looking ahead to what may be its next big release, Apple applied for a trademark for iWatch in Japan. Wearable computing devices have suddenly become a crowded field, with companies racing to bring their new products to consumers. The market for wearable computers could exceed $12 billion by 2018, according to one research firm.

Apple projects third-quarter revenue totaling between $33.5 billion and $35.5 billion, gross margin between 36 and 37 percent, and operating expenses between $3.85 billion and $3.95 billion. Other expenses are projected at $300 million.

The majority of analysts who cover Apple consider its stock a current and long-term buy. Among 50 brokers surveyed, the mean target price is $538.74, with a high of $888.

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