Tue07282015

News

Cal Water issues Boil Water Advisory for parts of Los Altos

Cal Water issued a Boil Water Advisory to customers in the Los Altos area Sunday (July 26). The drinking water alert warned customers that E. coli and total coliform were found in the local water supply. These bacteria can make a person sick and are ...

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Schools

Foothill STEM camps offer resources for low-income students

Foothill STEM camps offer resources for low-income students


Sana Khader/Town Crier
Students use software connected to a 3D printer, left, to create a miniature San Francisco, including the Ferry Building, below, at Foothill’s STEM Summer Camps.

Expanding efforts to spark and inspire students’ int...

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Community

Local resident cooks her way from cheerleader to Food Fighters

Local resident cooks her way from cheerleader to Food Fighters


Courtesy of the MacDonald family
Amber MacDonald competes on an episode of “Food Fighters,” scheduled to air 8 p.m. Thursday on NBC.

A newly arrived Los Altos family has an unusually public get-to-know-you moment this week – Amber MacDonald and ...

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Comment

Letters to the Editor

Ad-plane flyover marred festival

I hope that other residents who share my concern that the Geico plane flying low over the Los Altos Arts & Wine Festival and our homes for hours on end marred the “fun for everyone” that the Town Crie...

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Special Sections

Heart attack survivor cherishes life after near-death experience

Heart attack survivor cherishes life after near-death experience


Photos Courtesy of Tim Pierce
Los Altos Hills resident Tim Pierce, right with emergency medical responder Steve Crowley, suffered a heart attack in May.

After what Tim Pierce went through recently, no wonder he tries to cherish every moment as if he...

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Business

PAMF debuts cosmetic surgery center

PAMF debuts cosmetic surgery center


John Ho/Special to the Town Crier
The Palo Alto Medical Foundation Center for Cosmetic Surgery at 715 Altos Oaks Drive is the organization’s first center focused solely on cosmetic procedures.

Los Altos’ newest medical office – the...

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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

CHARLOTTE BARBARA WINGUTH

CHARLOTTE BARBARA WINGUTH

Charlotte Barbara Winguth died July 9 at the young age of 89. She is survived by her 3 daughters Sandy, Karen & Wendi, 5 grandchildren and 2 great grandchildren. She came to Los Altos CA with her husband Ed and 3 children 53 years ago from New ...

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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

Engineer builds second career as actor

Engineer builds second career as actor


David Allen/Special to the Town Crier
Actors rehearse for Foothill Music Theatre’s “A Funny Thing Happened on the Way to the Forum.” The cast includes, from left, Tomas Theriot, Todd Wright, Mike Meadors and Ray D’Ambrosio. ...

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Spiritual Life

Christ Episcopal pastor departs Los Altos for new post in SF

Christ Episcopal pastor departs Los Altos for new post in SF


Courtesy of Sara BoaDwee
Christ Episcopal Church celebrated the ministry of the Rev. Dr. Malcolm Young and his wife, Heidi, at a farewell luau June 28.

Members and friends of Christ Episcopal Church bid farewell June 28 to the Rev. Dr. Malcolm C. Yo...

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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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