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News

Police stress need for low speed in school zones

Police stress need for low speed in school zones


Town Crier File Photo
After two recent accidents involving cyclists and motorists, police urge caution – on both sides.

After two recent incidents of vehicles striking student bicyclists, Los Altos Police urge residents to exercise caution whe...

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Schools

Gardner Bullis School debuts new Grizzly Student Center

Gardner Bullis School debuts new Grizzly Student Center


Photo by Ellie Van Houtte/Town Crier
Students line up to check books out of the library in the new Grizzly Student Center at Gardner Bullis School.

Gardner Bullis School opened its new Grizzly Student Center earlier this month, introducing a lea...

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Community

Home improvement workshop scheduled Wednesday (Oct. 29)

The County of Santa Clara is hosting a free informational workshop on 6:30 p.m. Wednesday at Los Altos Hills Town Hall, 26379 Fremont Road.

The workshop will offer ways single-family homeowners can increase their homes’ energy efficiency. Eligible i...

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Comment

Off the fence: TC recommends 'yes' on N

The Town Crier initially offered no position on the controversial $150 million Measure N bond on Tuesday’s ballot. But some of the reasons we gave in our Oct. 15 editorial were, on reflection, overly critical and based on inaccurate information.

We ...

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Special Sections

Long-term solutions emerge as water conservation goes mainstream

Long-term solutions emerge as water conservation goes mainstream


Ellie Van Houtte/Town Crier
Forrest Linebarger, right, installed greywater and rainwater harvesting systems at his Los Altos Hills home.

With more brown than green visible in her Los Altos backyard, Kacey Fitzpatrick admits that she’s a little e...

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Business

Local realtors scare up money for charity

Local realtors scare up money for charity


Photo courtesy of SILVAR
Realtors Gary Campi and Jordan Legge, from left, joined Nancy Domich, SILVAR President Dave Tonna and Joe Brown to raise funds for the Silicon Valley Realtors Charitable Foundation.

Los Altos and Mountain View realtors raise...

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Books

Helping kids catch a few Zs: Local dental hygienist pens meditative bedtime book

Helping kids catch a few Zs: Local dental hygienist pens meditative bedtime book


Ellie Van Houtte/Town Crier
Mimi Sommers, who works at a Los Altos dentist’s office, recently wrote a children’s book.

A local dental hygienist recently published a book that aims to ease parents and children during a sometimes anxious e...

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People

DAVID S. NIVISON

DAVID S. NIVISON

David S. Nivison, 91 years old, and a resident of Los Altos, California since 1952, died Oct. 16, 2014 at home.  His neighbors had recently honored him as the “Mayor of Russell Ave., in recognition of 62 years of distinguished living” on that ...

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Travel

Falling leaves: Four places in California to see autumn colors

Falling leaves: Four places in California to see autumn colors


Courtesy of Castello di Amorosa
Castello di Amorosa in Calistoga, above, boasts a beautiful setting for viewing fall’s colors – and sampling the vineyard’s wines.

Yes, Virginia, there is fall in California.

The colors pop out in...

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Stepping Out

ECYS opens season Sunday

ECYS opens season Sunday


Ramya Krishna/Special to the Town Crier
The El Camino Youth Symphony rehearses for Sunday’s concert, above.

The El Camino Youth Symphony – under new conductor Jindong Cai – is scheduled to perform its season-opening concert 4 p.m....

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Spiritual Life

Christian Science Reading Room hosts webinar on prayer and healing

Christian Science practitioner and teacher Evan Mehlenbacher is scheduled to present a live Internet webinar lecture, “Prayer That Heals,” 7:30 p.m. Nov. 14 in the Christian Science Reading Room, 60 Main St., Los Altos.

Those interested ...

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Magazine

Local events add color to autumn calendar

Local events add color to autumn calendar


Van Houtte/town crier Visitors make their way through the Children’s Alley.

As Los Altos’ signature Chinese Pistache trees exchange their summer green for vibrant hues of yellow, orange and red in the fall, an abundance of local events also ad...

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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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