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News

E. coli found in Los Altos water indicated breach, but only low risk

E. coli found in Los Altos water indicated breach, but only low risk


Courtesy of Microbe World
Colorized low-temperature electron micrograph of a cluster of E. coli bacteria

When E. coli and other bacteria were discovered in some Los Altos water last week, officials from the local water supplier, California Water...

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Schools

BCS hosts Stretch to Kindergarten program for underserved youth

BCS hosts Stretch to Kindergarten program for underserved youth


Traci Newell/Town Crier
The six-week, tuition-free Stretch to Kindergarten program, hosted at Bullis Charter School, serves children who have not attended preschool. A teacher leads children in singing about the parts of a butterfly, above.

Local un...

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Community

Google car painting project calls on artists

Google car painting project calls on artists


Google self-driving car

Already known as an innovator in the tech field, Google Inc. is now moving in on the art world.

The Mountain View-based company July 11 launched the “Paint the Town” contest, a “moving art experiment” that invites Califo...

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Sports

Pedaling with a purpose

Pedaling with a purpose


courtesy of
Rishi Bommannan Rishi Bommannan cycled from Bates College in Maine to his home in Los Altos Hills, taking several selfies along the way. He also raised nearly $13,000 for the Livestrong Foundation, which supports cancer patients.

When R...

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Comment

The truth about coyotes: Other Voices

The Town Crier’s recent article on coyotes venturing down from the foothills in search of sustenance referenced the organization Project Coyote (“Recent coyote attacks keep residents on edge,” July 1). Do not waste your time contac...

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Special Sections

Grant Park senior program made permanent

Grant Park senior program made permanent


Photos by Alicia Castro/Town Crier
Local residents participate in an exercise class at the Grant Park Senior Center, above. Betsy Reeves, below left with Gail Enenstein, lobbied for senior programming in south Los Altos.

It all began when Betsy Reev...

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Business

New State Street rug retailer has downtown Los Altos covered

New State Street rug retailer has downtown Los Altos covered


Alicia Castro/Town Crier
Los Altos Rug Gallery owner Fahim Karimi stocks his State Street store with a wall-to-wall array of floor coverings.

A new downtown business owner plans to roll out the red carpet – along with rugs of every other color –...

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Books

Book Signings

• Fritz and Nomi Trapnell have scheduled a book-signing party 4-6 p.m. Aug. 1 at their home, 648 University Ave., Los Altos.

Fritz and his daughter, Dana Tibbitts, co-authored “Harnessing the Sky: Frederick ‘Trap’ Trapnell, ...

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People

GRACE WILSON FRANKS

GRACE WILSON FRANKS

Resident of Los Altos

Grace Wilson Franks, our beloved mother and grandmother, left us peacefully on July 16, 2015 just a few weeks short of her 92nd birthday. She was born to Ross and Florence (Cruzan) Wilson in rural Tulare, California on Septem...

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Travel

Gearing up: Make travel more civilized with accessories

Gearing up: Make travel more civilized with accessories


Eren Göknar/Special to the Town Crier
San Francisco-based humangear Inc. sells totes, tubes and tubs for traveling.

In travel, as in romance, it’s the little things that count.

Beyond the glossy brochures lie the travel discomforts too mun...

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Stepping Out

Going out with a 'Bang'

Going out with a 'Bang'


Richard Mayer/Special to the Town Crier
“Chitty Chitty Bang Bang” stars, clockwise from top left, Alexander Sanchez, Sophia Sturiale, Deborah Rosengaus and Danny Martin.

Los Altos Stage Company and Los Altos Youth Theatre’s joint production of t...

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Spiritual Life

Build a 'light' house and get out of that dark place

Most of us have a place inside our hearts and minds that occasionally causes us trouble. For some, it is sadness, depression or despair. For others, it may be fear, anger, resentment or myriad other emotional “dark places” that at times seem to hij...

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Magazine

Inside Mountain View

Residents gather at NASA Ames for Pluto Flyby event

Residents gather at NASA Ames for Pluto Flyby event


Megan V. Winslow/Town Crier
NASA Ames’ Pluto Flyover event kindles the imaginations of young attendees.

Sue Moore watched the July 20, 1969, moon landing beside patients and staff members of the San Francisco hospital where she worked as a nurse...

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Keep calm after recent market retreat

After five days of Dow Jones industrial average turmoil, it was a relief to see the market rising again last week. In the wake of the steady decline, the Dow now stands approximately 4.9 percent below its Aug. 2 all-time closing high.

Investors may be inclined to view the five-day retreat as a significant secondary correction and assume that there is no shortage of reasons to be bearish, given the Federal Reserve’s noncommittal approach to tapering off its bond-buying program.

According Michael Strauss, Common Fund’s chief investment strategist, the Fed’s reduction of asset purchases will “signal a stronger economy, which will be good for stocks.”

“Stay calm here and look at the taper, look at the reasons why it might occur,” Strauss said last week. “If it’s because the economy’s doing a little bit better, that’s actually a good thing.”

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

• Hewlett-Packard Co. (HPQ; $22.49) released disappointing third-quarter results last week, prompting the stock price to tumble.

Officials at HP, the world’s largest computer manufacturer, reported that the company made $1.4 billion in profit on sales of $27.2 billion in the third quarter, or 71 cents per share. The numbers beat analysts’ projection of 61 cents, but quarterly revenue dropped 8 percent.

CEO Meg Whitman subsequently hit the airwaves to answer for the poor showing. In an interview Friday morning on CNBC, Whitman claimed that HP is on track with regard to its five-year turnaround plan and outlined how acquisitions are part of her long-term strategy. The company is in a position, she said, to rethink its capital allocation strategy.

“Acquisitions will become part of our future,” she added. “We have our eyes on a number of areas. Some are in the $100 million to $300 million range and perhaps some up to $1.5 billion.”

HP’s sales and profits derive primarily from personal computers and printers, sales of which are in decline as consumers flock to purchase iPhones and tablets. Revenue in HP’s Computer Division declined 11 percent from a year earlier, and the printing business fell 4 percent.

During Whitman’s CNBC appearance, host Jim Cramer noted that HP has some “cool” new products in the works, including Moonshot, a software-defined server that can harness Internet traffic for enterprises. Cramer noted that Hewlett-Packard needs three things: “new products, worldwide growth and a lot of luck.”

• Cisco Systems Inc. (CSCO; $23.94) shares have fallen since the company released its July-quarter earnings. Although slightly above expectations, results proved disappointing.

For the quarter, earnings per share came in at 52 cents – besting analysts’ consensus estimate of 51 cents – and revenues totaled $12.4 billion. Cisco generated a record $4 billion in operating cash flow for the quarter.

The company announced plans to cut 4,000 jobs, approximately 5 percent of its workforce. The layoffs represent a diversion of resources to newer, faster-growing areas like cloud computing, mobility and Internet products.

Despite the setback, Cisco, one of the key suppliers of telecommunications and networking equipment for the Internet, continues to gain market share. Since initiating a dividend in March 2011 at a quarterly rate of 6 cents per share, it has more than doubled last year’s quarterly dividend with a 2.80 percent yield and an annualized dividend payout of 68 cents per share.

Some analysts advise caution with regard to Cisco stock, but others suggest an upgrade from cautious to neutral or market perform. The median target price is $28, with a high of $32.

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