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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Could the Dow hit 17,000 by year-end?

The Dow Jones industrial average and the S&P 500 continued their run up the mountain, hitting record highs last week. The Dow closed at 15,354 Friday, with several analysts predicting it could reach 17,000 by year’s end.

The risk of a correction remains high, however, and the percentage of New York Stock Exchange stocks trading above their 200-day moving average is up to 78 percent, a level that signals a higher-than-normal risk of a pullback.

Sentiment among investment newsletters and institutional investors is optimistic, with few at this time forecasting a setback.

A Barron’s contributor bullish on tech stocks recommended in the May 13 issue that investors consider purchasing three Town Crier “50” stocks: Microsoft Corp. (MFST), Intel Corp. (INTC) and IBM (IBM). All three companies boast a lower price-earnings ratio than the Dow average and show room for dividend growth.

Two companies on the Town Crier “50” made headlines last week.

• Cisco Systems Inc. (CSCO; $23.84) reported that its earnings per share increased 6 percent to 51 cents, excluding special items in the April quarter. The company’s third-quarter numbers beat Wall Street expectations, with profits up 15 percent and sales up 5 percent over last year.

CEO John Chambers said in a statement that the company was encouraged by the “slow but steady” economic environment.

“We are starting to see some good signs in the U.S. and other parts of the world,” he added.

Revenue climbed 5 percent to $12.22 billion on 5 percent growth for products and 7 percent growth for services. The results were in line with expectations and appear solid in the wake of rivals’ statements about challenging economic conditions.

Cisco shares rose to $22.27 after the quarterly-results release. Several analysts jumped on the bandwagon, upgrading the stock to “market perform.” Others deemed it a hold. The high target price for Cisco stock is $27.

• Safeway Inc. (SWY; $24.42), a Town Crier “50” stock because several of its executives live in the area, deserves a look. With a new store in Mountain View and a rebuilt market pending in Los Altos, the company’s local presence remains strong.

Safeway announced last week that it will increase its quarterly dividend by 14 percent and in July pay a dividend of 20 cents per share – up from 17.5 cents – to shareholders of record June 20. The stock boasts a 2.8 percent yield.

Safeway, which operates 1,641 grocery stores across North America, reported annual sales of $44.2 billion in 2012.

Despite the positive numbers, Goldman Sachs analysts recently rated Safeway a sell. According to one analyst, “We see a combination of secular and cyclical headwinds pressuring results vs. consensus estimates.”

Most analysts give Safeway an “underperform” rating, with a suggestion to hold or sell. The high target price is $30, and the low $14.

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