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News

Street crack-sealing project begins Monday, May 4

The City of Los Altos is beginning a city-wide street crack-sealing project on Monday (May 4).

City officials said the traffic impact for this project will be minimal. No streets will be closed and vehicles can resume normal traffic flow shortly aft...

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Schools

Homestead students use projects  to solve environmental problems

Homestead students use projects to solve environmental problems


Alisha Parikh/Special to the Town Crier
Homestead High School junior Maya Dhar, a Los Altos resident, left, and classmate Carolyn MacDonald support the school’s AP Environmental Science classes at the Arbor Day Festival April 23.

As summer app...

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Community

CHAC appoints new leader

CHAC appoints new leader

Naomi Nakano-Matsumoto, LCSW, has been named the new executive director of the Community Health Awareness Council (CHAC). A seasoned nonprofit leader, Nakano-Matsumoto is scheduled to assume duties July 1. She takes over for outgoing executive direct...

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Sports

St. Francis swimmers shine

St. Francis swimmers shine


Megan V. Winslow/Town Crier
St. Francis High’s Benjamin Ho competes against Sacred Heart Cathedral Thursday. The junior swam on all three victorious relays at the home meet, which the Lancers won easily.

Flexing its power in the pool, host St....

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Comment

Halsey House deserves preservation: Other Voices

Halsey House deserves preservation: Other Voices


Many contributing supporters to the Friends of Historic Redwood Grove believe that the Halsey House, designated a historic landmark by the Los Altos City Council in 1981, deserves to be saved and renovated for adapted use by the community.

Set in ...

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Special Sections

Sneaky shots: A photographer’s guide to capturing the proposal

Sneaky shots: A photographer’s guide to capturing the proposal


Elliott Burr/Special to the Town Crier
A stealthy photographer scouts locations ahead of time to find not just a place to perch, but also the ideal position for the subjects.

It’s showtime.

You’re about to ask the person in front of...

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Business

Pharmaca celebrates grand opening over weekend

Pharmaca celebrates grand opening over weekend


Megan V. Winslow/Town Crier
Pharmaca is coming to 400 Main St. with a grand-opening celebration scheduled Saturday and Sunday.

If natural health and beauty products are your cup of tea, expect to find them – and hot tea – this weekend at the gran...

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Books

People

JANE BUTTERFIELD PRINGLE LYND

JANE BUTTERFIELD PRINGLE LYND

October 30, 1924 - April 8, 2015

Jane Butterfield Pringle Lynd, daughter to Liebert and Elise Butterfield of San Francisco, passed away quietly at her home in Palo Alto surrounded by her family, following a short illness. Jane was a proud third ge...

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Travel

Cuba libre: Local residents join mad rush of travelers

Cuba libre: Local residents join mad rush of travelers


Natalie Elefant/Special to the Town Crier
Los Altos resident Natalie Elefant noted the vibrant street performances as a traveler in Cuba.

The U.S. restored diplomatic relations with Cuba late last year, enabling Americans to import $100 worth of cig...

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Stepping Out

'Birds' landing in Mtn. View

'Birds' landing in Mtn. View


Ray Renati/Special to the Town Crier
The Pear Avenue Theatre production of Paul Braverman’s “Birds of a Feather” stars Troy Johnson as mafia boss Sean Kineen, left, and Diane Tasca as private eye Frankie Payne.

Pear Avenue Theatre’s world premi...

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Spiritual Life

Magazine

Practice prudent pruning: Maintaining manzanita, ceanothus and toyon

Practice prudent pruning: Maintaining manzanita, ceanothus and toyon


tanya kucak/Special to the Town Crier
Shrub manzanitas are known for their sinuous mahogany trunks and branches. If the foliage hides the bark, prune selectively to open the center so that the bark is visible year-round. This Montara manzanita is ...

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Inside Mountain View

Up to the challenge: Local leaders unite to help at-risk youth

Up to the challenge: Local leaders unite to help at-risk youth


Courtesy of Challenge Team
Jeanette Freiberg, bottom of pile, has fun with family members. The Challenge Team named Freiberg, a student at Mountain View High School, its 2015 Youth Champion.

There’s an ongoing joke among members of the Challenge...

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Is the bull still in charge?

The stock market’s pundits, gurus and second-guessers are sounding a warning bell for a rocky autumn, but then you pull up Barron’s Financial Weekly and the headline reads: “The Bull’s in Charge.” What’s an investor to do?

The Standard & Poor’s 500 fell 4.5 percent from its August peak, and the Dow Jones industrial average dropped 5.5 percent. Emerging markets took a pounding. Those are facts.

September, the U.S. stock market’s worst month historically, poses some major risks this year. By the end of the month, investors should have at least partial answers to some questions of importance.

Many of the events are political, including the Syrian crisis, which could ignite a powder keg in the Middle East; and the looming budget, debt-ceiling and immigration-reform debates. To top it off, the Federal Reserve could retreat from its easy-money policy and reduce its $85 billion monthly bond purchases. The next Fed policy meeting, scheduled Sept. 18-19, will include a discussion on tapering.

Investors appear to be bracing for a letdown, but with recent reports suggesting that U.S. manufacturing is rebounding and employment and consumer confidence are holding up, stocks could enjoy a rally if we get through September without too many major disappointments.

Barron’s noted that despite stock-market declines and the possibility of an autumn correction, Wall Street’s top strategists see the market headed higher over the long term, with stocks rising 20 percent or more in 18 months.

Two stocks - including a Town Crier “50” - generated headlines last week.

• Cisco Systems Inc. (CSCO; $23.97) shares have fallen 10 percent since the company declared its July-quarter earnings. In the quarter, Cisco earned 52 cents per share, excluding special items that were up 11 percent – beating the consensus by a penny. Revenue advanced 6 percent to $12.42 billion on balanced growth. Cisco has a market cap of $125.9 billion, with an average daily trading volume of 35.1 million shares.

The San Jose-based company recently announced plans to cut 4,000 jobs, approximately 5 percent of its workforce. Cost trends are mixed, with production expenses rising and operating expenses falling. Layoffs and resource reallocation should help address the cost issues.

Cisco could remain under pressure in the near term, but the stock is still a buy both short and long term, according to several analyst ratings. Most analysts have upgraded the stock either to a hold or market perform. The mean target price is $28, with a high of $32. The dividend returns a yield of 2.91 percent.

• Varian Medical Systems Inc. (VAR; $72.44) of Palo Alto may not be a Town Crier 50 stock, but it is the world’s leading manufacturing of devices and software for treating cancer and other medical conditions. The company is also the premier supplier of tubes and digital detectors for X-ray imaging in medical, scientific and industrial applications.

Three years ago, Varian undertook a companywide review of sustainability performance, identifying challenges and opportunities. The company issued its 2013 Sustainability Report last week, outlining its commitment to achieving its goals in a “socially and environmentally responsible manner,” according to CEO Dow Wilson.

Varian has maintained decent operating momentum despite currency problems in Asia and stiff headwinds in North America. The company has grown cash from operations at least 18 percent in five of the past six quarters. Sales are up 6 percent over the past year and have risen in 59 straight quarters.

Varian stock has rallied 22 percent in the past year, ahead of the S&P 500’s 17 percent gain. The stock remains reasonably valued, and most analysts rate it a buy or hold, with a market-perform rating. The mean target price for the stock is $78, with a high of $85.

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