Wed07292015

News

Bacteria in water supply put Los Altos on high alert

Bacteria in water supply put Los Altos on high alert


Eliza Ridgeway/Town Crier
In the wake of an E. coli alert, Los Altos resident Lou Dadok stocks up on bottled water at the downtown Safeway.

California Water Service Co. earlier this week enacted emergency response protocol and alerted hundreds of L...

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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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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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