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News

Electrical shutdown scheduled today, tomorrow

PG&E is installing new electrical service to the 400 Main St. development project today, which will require the temporary interruption of electric services to several businesses located on First, Main and State streets in downtown Los Altos. PG&a...

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Schools

Community support pays dividends

Community support pays dividends


As a recent cover story in The New York Times Magazine revealed, getting low-income students into college is not enough to close the achievement/income gap. The percentage of low-income students entering college who actually earn a degree lags far ...

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Community

War veteran to visit D.C. memorial on Honor Flight

War veteran to visit D.C. memorial on Honor Flight


Ellie Van Houtte/Town Crier
Los Altos resident and World War II vet Earl Pampeyan is preparing for an Honor Flight trip to Washington, D.C., next month.

Los Altos resident Earl Pampeyan is scheduled to fly to Washington, D.C., next month to vis...

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Sports

Making a splash

Making a splash


Courtesy of Clarke Weatherspoon
Stanford Water Polo Club’s under-14 boys team earned the bronze medal at the Junior Olympics. Front row, from left: Corey Tanis, Larsen Weigle, Nathan Puentes, Walker Seymour, Alan Viollier and Jayden Kunwar. B...

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Comment

Whom can you trust?: Haugh About That?

Waving my pink poodle skirt with all the fervor of a matador preparing to tease a raging bull, I blinked my 20-year-old eyes and gave a come-hither look to indicate, “I’m ready!” Little did I know that the blind trust I had in this ...

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Special Sections

Getting right by eating right: PAMF doctor's book addresses South Asian health risks

Getting right by eating right: PAMF doctor's book addresses South Asian health risks


Ellie Van Houtte/Town Crier
Dr. Ronesh Sinha, a physician at Palo Alto Medical Foundation, promotes healthful living among the South Asian population. His new book, “The South Asian Health Solution,” includes nutritious recipes.

When you think o...

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Business

From Google to First Street: Massage therapist sets up studio in downtown Los Altos

From Google to First Street: Massage therapist sets up studio in downtown Los Altos


Ellie Van Houtte/Town Crier
Upuia Ahkiong is slated to open Kua Body Studios next month at 106 First St. Ahkiong is sharing space with Evolve Classical Pilates.

A massage therapist with ties to Google Inc. is slated to open a new – and shared...

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Books

"Jack London" chronicles author's adventurous life


Much has been written about American author Jack London, primarily known for his early-20th-century Western adventure novels, including the classics “White Fang” and “The Call of the Wild.”

In Earle Labor’s biography of the literary icon, “Jac...

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People

TIMOTHY WARREN WATSON (TIM)

TIMOTHY WARREN WATSON (TIM)

Born June 2, 1935, died peacefully on August 11, at home in Mountain View, surrounded by his family. He died of complications of Parkinson’s Disease after a courageous 15-year battle.

Tim was the beloved husband of 55 years to his college sweethea...

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Travel

Bergama bound: A visit to newest World Heritage site

Bergama bound: A visit to newest World Heritage site


Photo Eren GÖknar/ Special to the Town Crier
The amphitheater in Turkey’s ancient city of Pergamon, now known as Bergama, overlooks the Bakirçay River valley, left. The city’s ruins also include the Temple of Trajan.

It was 90 F during t...

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Stepping Out

TheatreWorks offers 'Spoonful' of drama beginning this week

TheatreWorks offers 'Spoonful' of drama beginning this week


Kevin Berne/Special to the Town Crier
Three strangers – “Chutes & Ladders” (Anthony J. Haney, left), Odessa (Zilah Mendoza, center) and “Orangutan” (Anna Ishida, right) – come together in an online support group in TheatreWorks’ regional premie...

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Spiritual Life

Spiritual Briefs

Meditation group meets at Foothills Congregational

A Weekly Meditation Practice group meets 7-8:15 a.m. Tuesdays at Foothills Congregational Church, 461 Orange Ave., Los Altos.

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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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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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